Paul Eric Siegert - 27 Aug 2025 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Reporting relationship: CO-CHAIRMAN
Issuer ticker: HLI
Reported as of: 27 Aug 2025
Net transaction value: -$7,998,000
SEC form: 4
Accepted by SEC: 28 Aug 2025, 17:56:06 UTC
Prior SEC filing: 21 Jul 2025
Next SEC filing: 19 May 2026
Source filing: View source filing
Reporting owner signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Paul Eric Siegert

Key filing fact

Paul Eric Siegert filed Form 4 for HOULIHAN LOKEY, INC. (HLI) on 28 Aug 2025.

Key facts

This page summarizes Paul Eric Siegert's Form 4 filing for HOULIHAN LOKEY, INC. (HLI).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 28 Aug 2025, 17:56.

Change

Previous filing in this sequence was filed on 21 Jul 2025.
Current net transaction value: -$7,998,000.

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 0001142662 Primary reporting owner

SIEGERT PAUL ERIC

Relationship: CO-CHAIRMAN
Address: C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL., LOS ANGELES
Signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Paul Eric Siegert
Signature date: 28 Aug 2025

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: $0
Shares: +40,000
Change %
Price: $0.000000
Shares after: 40,000
Date: 27 Aug 2025
Ownership: Direct
Footnotes: F1

HLI transaction

CLASS A COMMON STOCK

Sale

Transaction value: $7,998,000
Shares: -40,000
Change %: -100%
Price: $199.95
Shares after: 0
Date: 27 Aug 2025
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: $0
Shares: -40,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 27 Aug 2025
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 40,000
Exercise price
Footnotes: F1

HLI holding Derivative

CLASS B COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 384,657
Date: 27 Aug 2025
Ownership: BY HL VOTING TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 384,657
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 August 27, 2025 at prices ranging from $199.13 per share to $200.49 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 shares are held by the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.