Scott J. Adelson - 05 Aug 2025 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Reporting relationship: CEO, Director
Issuer ticker: HLI
Reported as of: 05 Aug 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Aug 2025, 21:09:49 UTC
Prior SEC filing: 23 May 2025
Next 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 07 Aug 2025.

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: 07 Aug 2025, 21:09.

Change

Previous filing in this sequence was filed on 23 May 2025.
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: 07 Aug 2025

Reported derivative securities

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

HLI transaction Derivative

CLASS B COMMON STOCK

Deposit into or withdrawal from voting trust

Transaction value: $0
Shares: +57,200
Change %
Price: $0.000000
Shares after: 57,200
Date: 05 Aug 2025
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 57,200
Exercise price
Footnotes: F1, F2

HLI transaction Derivative

CLASS B COMMON STOCK

Gift

Transaction value: $0
Shares: -57,200
Change %: -50%
Price: $0.000000
Shares after: 57,200
Date: 05 Aug 2025
Ownership: BY REVOCABLE TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 57,200
Exercise price
Footnotes: F1, F2, F3

HLI transaction Derivative

CLASS B COMMON STOCK

Deposit into or withdrawal from voting trust

Transaction value: $0
Shares: -57,200
Change %: -6.1%
Price: $0.000000
Shares after: 878,921
Date: 05 Aug 2025
Ownership: BY HL VOTING TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 57,200
Exercise price
Footnotes: F1, F2, 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 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 August 5, 2025, the reporting person transferred 57,200 shares of Class B common stock to a revocable trust for the benefit of a family member for which the reporting person is a co-trustee and continues to beneficially own the shares held in the revocable trust. No value was received for the transferred shares. The shares remained subject to the HL Voting Trust (the "Voting Trust").

Footnote F3

The reporting person is a trustee of the HL 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 direct and indirect pecuniary interest in and investment control over the shares reported herein. All reported direct and indirect shares are held indirectly by the Voting Trust