Mario L. Giannini - 20 Feb 2026 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role: Executive Co-Chairman, 10%+ Owner
Signature: /s/ Lauren Platko, attorney-in-fact
Issuer symbol: HLNE
Transactions as of: 20 Feb 2026
Net transactions value: +$990,010
Form type: 4
Filing time: 24 Feb 2026, 16:06:05 UTC
Previous filing: 14 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Giannini Mario L	Executive Co-Chairman, 10%+ Owner	C/O HAMILTON LANE INCORPORATED, 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN	/s/ Lauren Platko, attorney-in-fact	24 Feb 2026	0001698053

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLNE	Class A Common Stock	Purchase	$990,010	+9,225	+9.6%	$107.32	105,723	20 Feb 2026	Direct	F1
holding	HLNE	Class B Common Stock						1,312,331	20 Feb 2026	See footnote	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HLNE	Class B Units						1,312,331	20 Feb 2026	Class A Common Stock	1,312,331		See footnote	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares of Class A common stock, $0.001 par value per share (the "Class A Common Stock") were purchased in multiple transactions at prices ranging from $106.92 to $107.86 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares of Class A Common Stock purchased at each separate price within the range set forth in this footnote.
F2	The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.
F3	Represents 1,028,699 securities owned directly by Hamilton Lane Advisors, Inc., an S-corporation that is wholly owned by Mr. Giannini, and 283,632 securities owned directly by HLA Investments, LLC.
F4	Pursuant to an Exchange Agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

Remarks:

In addition to serving as Executive Co-Chairman of the Issuer, the reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock.