Christopher M. Crain - 01 Apr 2026 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Reporting relationship: GENERAL COUNSEL
Issuer ticker: HLI
Reported as of: 01 Apr 2026
Net transaction value: -$71,700
SEC form: 4
Accepted by SEC: 02 Apr 2026, 18:32:55 UTC
Prior SEC filing: 05 Jan 2026
Next SEC filing: 19 May 2026
Source filing: View source filing
Reporting owner signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Christopher M. Crain

Key filing fact

Christopher M. Crain filed Form 4 for HOULIHAN LOKEY, INC. (HLI) on 02 Apr 2026.

Key facts

This page summarizes Christopher M. Crain's Form 4 filing for HOULIHAN LOKEY, INC. (HLI).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 02 Apr 2026, 18:32.

Change

Previous filing in this sequence was filed on 05 Jan 2026.
Current net transaction value: -$71,700.

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 0001649160 Primary reporting owner

CRAIN CHRISTOPHER M

Relationship: GENERAL COUNSEL
Address: C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES
Signature: /s/ J. Lindsey Alley, Attorney-in-Fact for Christopher M. Crain
Signature date: 02 Apr 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: +500
Change %
Price: $0.000000^*
Shares after: 500
Date: 01 Apr 2026
Ownership: Direct
Footnotes: F1

HLI transaction

CLASS A COMMON STOCK

Sale

Transaction value: $71,700
Shares: -500
Change %: -100%
Price: $143.40
Shares after: 0
Date: 01 Apr 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: -500
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Apr 2026
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 500
Exercise price
Footnotes: F1

HLI holding Derivative

CLASS B COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 51,238
Date: 01 Apr 2026
Ownership: BY HL VOTING TRUST
Underlying class: CLASS A COMMON STOCK
Underlying amount: 51,238
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

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

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

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2024.

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.