ALLEY J LINDSEY 4
4 · HOULIHAN LOKEY, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Houlihan Lokey (HLI) CFO Alley J Lindsey Withholds 2,983 Shares for Taxes
What Happened
Alley J Lindsey, Chief Financial Officer of Houlihan Lokey, had 2,983 shares withheld to satisfy tax withholding obligations related to vested awards. The shares are reported as a derivative disposition at $150.35 per share, for a total value of $448,494. This is a tax-withholding (code F) transaction, not an open-market sale.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (timely within required window).
- Shares withheld/disposed: 2,983 shares at $150.35 per share; aggregate value reported $448,494.
- Transaction type: Derivative (tax withholding upon vesting; filing uses code F).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes from the filing:
- F1: Class B common stock is convertible one-for-one into Class A common stock; Class B has no expiration.
- F2: The shares withheld represent shares used to cover taxes upon vesting under the Issuer's 2016 Incentive Award Plan.
- F3: Some shares are held in the HL Voting Trust; the reporting person retains investment and dispositive power over those shares.
Context
Withholding shares to cover taxes upon vesting is a routine administrative step (often called a "sell-to-cover" or tax withholding) and does not necessarily signal a change in the insider's view of the company. Because this was a derivative/tax-withholding transaction rather than an open-market sale or purchase, it is generally viewed as neutral.
Insider Transaction Report
- Tax Payment
CLASS B COMMON STOCK
[F1][F2][F3]2026-05-15$150.35/sh−2,983$448,494→ 67,372 total(indirect: By Trust)→ CLASS A COMMON STOCK (2,983 underlying)
Footnotes (3)
- [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]Represents shares withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
- [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.