Scott J. Adelson - Aug 5, 2025 Form 4 Insider Report for HOULIHAN LOKEY, INC. (HLI)

Role
CEO, Director
Signature
/s/ J. Lindsey Alley, Attorney-in-Fact for Scott J. Adelson
Stock symbol
HLI
Transactions as of
Aug 5, 2025
Transactions value $
$0
Form type
4
Date filed
8/7/2025, 09:09 PM
Previous filing
May 23, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Adelson Scott Joseph CEO, Director C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES /s/ J. Lindsey Alley, Attorney-in-Fact for Scott J. Adelson 2025-08-07 0001360042

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLI CLASS B COMMON STOCK Deposit into or withdrawal from voting trust $0 +57.2K $0.00 57.2K Aug 5, 2025 CLASS A COMMON STOCK 57.2K Direct F1, F2
transaction HLI CLASS B COMMON STOCK Gift $0 -57.2K -50% $0.00 57.2K Aug 5, 2025 CLASS A COMMON STOCK 57.2K BY REVOCABLE TRUST F1, F2, F3
transaction HLI CLASS B COMMON STOCK Deposit into or withdrawal from voting trust $0 -57.2K -6.11% $0.00 879K Aug 5, 2025 CLASS A COMMON STOCK 57.2K BY HL VOTING TRUST F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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").
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