French River 5 Ltd - Mar 31, 2025 Form 3 Insider Report for Hamilton Lane INC (HLNE)

Role
10%+ Owner
Signature
/s/ Lauren Platko, attorney-in-fact
Stock symbol
HLNE
Transactions as of
Mar 31, 2025
Transactions value $
$0
Form type
3
Date filed
4/25/2025, 05:05 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HLNE Class A Common Stock 480K Mar 31, 2025 Direct
holding HLNE Class B Common Stock 7 Mar 31, 2025 Direct F1

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 Mar 31, 2025 Class A Common Stock 7 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, 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.
F3 The securities reported are owned indirectly through HLA Investments, LLC.

Remarks:

This Form is filed by French River 5 Limited, a wholly owned subsidiary of Oakville Number 2 Trust and transferee of securities previously owned by Oakville Number 2 Trust. The Reporting Person is a member of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock. Exhibit List: Exhibit 24 - Limited Power of Attorney