HLA INVESTMENTS LLC - 04 Sep 2025 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Reporting relationship: 10%+ Owner
Issuer ticker: HLNE
Reported as of: 04 Sep 2025
Net transaction value: -$68,842,589
SEC form: 4
Accepted by SEC: 08 Sep 2025, 17:31:05 UTC
Prior SEC filing: 14 Feb 2025
Source filing: View source filing
Reporting owner signature: HLA INVESTMENTS LLC, By: /s/ Lauren Platko, attorney-in-fact

Key filing fact

HLA INVESTMENTS LLC filed Form 4 for Hamilton Lane INC (HLNE) on 08 Sep 2025.

Key facts

This page summarizes HLA INVESTMENTS LLC's Form 4 filing for Hamilton Lane INC (HLNE).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 Sep 2025, 17:31.

Change

Previous filing in this sequence was filed on 14 Feb 2025.
Current net transaction value: -$68,842,589.

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 (2)

CIK 0001273303 Primary reporting owner

HLA INVESTMENTS LLC

Relationship: 10%+ Owner
Address: C/O HAMILTON LANE INCORPORATED, 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN
Signature: HLA INVESTMENTS LLC, By: /s/ Lauren Platko, attorney-in-fact
Signature date: 08 Sep 2025

CIK 0001698063

HRHLA, LLC

Relationship: 10%+ Owner
Address: C/O HAMILTON LANE INCORPORATED, 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN
Signature: HRHLA, LLC, By: /s/ Lauren Platko, attorney-in-fact
Signature date: 08 Sep 2025

Reported non-derivative transactions

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

HLNE transaction

Class B Common Stock

Other

Transaction value: $320
Shares: -320,005
Change %: -3.8%
Price: $0.001000
Shares after: 8,128,907
Date: 04 Sep 2025
Ownership: Direct
Footnotes: F1, F2, F3

HLNE transaction

Class B Common Stock

Other

Transaction value: $150
Shares: -149,875
Change %: -2.3%
Price: $0.001000
Shares after: 6,510,922
Date: 04 Sep 2025
Ownership: See footnote
Footnotes: F2, F4, F5

Reported derivative securities

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

HLNE transaction Derivative

Class B Units

Other

Transaction value: $46,883,933
Shares: -320,005
Change %: -3.8%
Price: $146.51
Shares after: 8,128,907
Date: 04 Sep 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 320,005
Exercise price
Footnotes: F1, F3, F6

HLNE transaction Derivative

Class B Units

Other

Transaction value: $21,958,186
Shares: -149,875
Change %: -2.3%
Price: $146.51
Shares after: 6,510,922
Date: 04 Sep 2025
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 149,875
Exercise price
Footnotes: F4, F5, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The following individuals, who are members of HLA Investments, LLC ("HLAI") and beneficially own Class A common stock of the Issuer through HLAI, exchanged Class B Units of Hamilton Lane Advisors, L.L.C. ("HLA") and corresponding shares of Class B common stock with the Issuer 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 "Exchange Agreement"): Hartley Rogers, (through HRHLA, LLC ("HRHLA")), Edward Whittemore, Laurence Whittemore and Michael Schmertzler. At the Issuer's election, the exchanges were settled in cash.

Footnote F2

The Issuer 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.

Footnote F3

The Class B common stock is owned directly by the HLAI member that beneficially owns the corresponding Class B Units.

Footnote F4

HRHLA exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash. Hartley Rogers is the manager of HRHLA, which in turn is the managing member of HLAI.

Footnote F5

This row reports securities beneficially owned indirectly by HRHLA through its ownership of HLAI.

Footnote F6

Pursuant to the Exchange Agreement, 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.

SEC remarks

This Form is filed by (i) HLAI and (ii) HRHLA. HRHLA is the managing member of HLAI. The reporting persons are members of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock.