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

Reporting relationship: CEO, Director
Issuer ticker: HLI
Reported as of: 21 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 May 2026, 16:19:37 UTC
Prior SEC filing: 19 May 2026
Source filing: View source filing
Reporting owner signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Scott J. Adelson

Key filing fact

Scott J. Adelson filed Form 4 for HOULIHAN LOKEY, INC. (HLI) on 22 May 2026.

Key facts

This page summarizes Scott J. Adelson's Form 4 filing for HOULIHAN LOKEY, INC. (HLI).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 22 May 2026, 16:19.

Change

Previous filing in this sequence was filed on 19 May 2026.
Current net transaction value: $0.

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 0001360042 Primary reporting owner

Adelson Scott Joseph

Relationship: CEO, Director
Address: C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES
Signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Scott J. Adelson
Signature date: 22 May 2026

Reported derivative securities

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

HLI transaction Derivative

CLASS B COMMON STOCK

Award

Transaction value
Shares: +13,952
Change %
Price: $0.000000^*
Shares after: 13,952
Date: 21 May 2026
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 13,952
Exercise price
Footnotes: F1, F2

HLI transaction Derivative

CLASS B COMMON STOCK

Award

Transaction value
Shares: +3,322
Change %
Price: $0.000000^*
Shares after: 3,322
Date: 21 May 2026
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 3,322
Exercise price
Footnotes: F1, F3

HLI transaction Derivative

CLASS B COMMON STOCK

Deposit into or withdrawal from voting trust

Transaction value
Shares: -17,274
Change %: -1.9%
Price: $0.000000^*
Shares after: 885,102
Date: 21 May 2026
Ownership: BY HL VOTING TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 17,274
Exercise price
Footnotes: F1, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 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 Dates (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

On May 21, 2026, the Issuer granted 13,952 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date.

Footnote F3

On May 21, 2026, the Issuer granted 3,322 performance shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date if certain performance goals based upon revenue growth are achieved. If on vesting date such performance criteria are not achieved, the annual installment of shares will be forfeited.

Footnote F4

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.