Scott L. Beiser - 21 May 2026 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Reporting relationship: CO-CHAIRMAN, Director, 10%+ Owner
Issuer ticker: HLI
Reported as of: 21 May 2026
Net transaction value: -$941,379
SEC form: 4
Accepted by SEC: 21 May 2026, 17:43:52 UTC
Prior SEC filing: 19 May 2026
Source filing: View source filing
Reporting owner signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Scott L. Beiser

Key filing fact

Scott L. Beiser filed Form 4 for HOULIHAN LOKEY, INC. (HLI) on 21 May 2026.

Key facts

This page summarizes Scott L. Beiser's Form 4 filing for HOULIHAN LOKEY, INC. (HLI).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 21 May 2026, 17:43.

Change

Previous filing in this sequence was filed on 19 May 2026.
Current net transaction value: -$941,379.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001649212 Primary reporting owner

BEISER SCOTT L

Relationship: CO-CHAIRMAN, Director, 10%+ Owner
Address: C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES
Signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Scott L. Beiser
Signature date: 21 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HLI transaction

CLASS A COMMON STOCK

Conversion of derivative security

Transaction value
Shares: +6,265
Change %
Price: $0.000000^*
Shares after: 6,265
Date: 21 May 2026
Ownership: Direct
Footnotes: F1

HLI transaction

CLASS A COMMON STOCK

Sale

Transaction value: $941,379
Shares: -6,265
Change %: -100%
Price: $150.26
Shares after: 0
Date: 21 May 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HLI transaction Derivative

CLASS B COMMON STOCK

Conversion of derivative security

Transaction value
Shares: -6,265
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 21 May 2026
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 6,265
Exercise price
Footnotes: F1

HLI holding Derivative

CLASS B COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 787,651
Date: 21 May 2026
Ownership: BY HL VOTING TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 787,651
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder, upon any transfer, and automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333-205610) concerning the Issuer's initial public offering). The Class B Common Stock has no expiration date.

Footnote F2

Per share price reflects the weighted average price in a series of open market sales on May 21, 2026 at prices ranging from $149.83 per share to $150.89 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range identified in this footnote.

Footnote F3

The reporting person is a trustee of the HL Voting Trust (the "Voting Trust"). The trustees of the Voting Trust have shared voting control over the shares deposited into the Voting Trust. The reporting person has a pecuniary interest in and investment control over the shares reported herein.