Michael T. Donohue - Apr 14, 2023 Form 4 Insider Report for Hamilton Lane INC (HLNE)

Role
Managing Director & Controller, 10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Stock symbol
HLNE
Transactions as of
Apr 14, 2023
Transactions value $
$5,219
Form type
4
Date filed
4/17/2023, 04:12 PM
Previous filing
Mar 16, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLNE Class A Common Stock Award $5.22K +83 +0.26% $62.88 32.2K Mar 31, 2023 Direct F1
transaction HLNE Class A Common Stock Disposed to Issuer $0 -2.81K -8.74% $0.00 29.3K Apr 14, 2023 Direct F2
holding HLNE Class B Common Stock 26.8K Apr 14, 2023 Direct F3

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
holding HLNE Class B Units 26.8K Apr 14, 2023 Class A Common Stock 26.8K See footnote F4, F5
holding HLNE Class C Units 3.2K Apr 14, 2023 Class A Common Stock 3.2K See footnote F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael T. Donohue is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).
F2 Represents unvested shares under prior equity awards that were forfeited to the Issuer, pursuant to the Issuer's Amended & Restated 2017 Equity Incentive Plan, upon the reporting person's termination of employment.
F3 The 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.
F4 Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") 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 and Class C Units of HLA do not have an expiration date.
F5 Held on behalf of the reporting person by HL Management Investors, LLC.

Remarks:

In addition to serving as an officer of the Issuer, the reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A common stock.