GOLD IRWIN 4

4 · HOULIHAN LOKEY, INC. · Filed May 19, 2026

AI-generated summary of this filing

Updated May 19, 2026

Houlihan Lokey (HLI) 10% Owner Gold Irwin Withholds 4,619 Shares

What Happened

Gold Irwin, a reported 10% owner of Houlihan Lokey (HLI), had 4,619 shares withheld to cover tax liabilities related to vesting awards. The filing reports these shares as "Disposed" in a derivative transaction at $150.35 per share, for a total value of $694,467, on May 15, 2026. This was a tax-withholding event (transaction code F), not an open-market sale.

Key Details

Transaction date and price: May 15, 2026 — 4,619 shares @ $150.35 (total $694,467).
Transaction type: F — payment of exercise price or tax liability (shares withheld to cover taxes upon vesting).
Shares owned after transaction: not specified in the provided filing details.
Footnotes of note:
- F1: These were Class B common shares, convertible 1:1 into Class A common stock (see issuer S-1).
- F2: Shares were withheld to cover taxes on vested awards under the 2016 Incentive Award Plan.
- F3: The reporting person is a trustee of the HL Voting Trust and has pecuniary interest and investment control over the reported shares.
Filing timeliness: Reported on May 19, 2026; this filing was made within the required two business days after the May 15 transaction.

Context

This is a routine tax-withholding/settlement of vested awards (derivative transaction), which is common and does not necessarily signal a trading decision or change in investment view. As a 10% owner and trustee of the voting trust, Gold Irwin’s filing reflects ownership and trust arrangements rather than typical executive open-market selling.

Form 4

Period: 2026-05-15

DirectorCO-CHAIRMAN10% Owner

Transactions

Tax Payment
CLASS B COMMON STOCK
[F1][F2][F3]
2026-05-15$150.35/sh−4,619$694,467→ 1,061,766 total(indirect: By Trust)
→ CLASS A COMMON STOCK (4,619 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 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.
[F2]Represents shares withheld to cover taxes upon the vesting of existing awards under the Issuer's 2016 Incentive Award Plan.
[F3]The reporting person is a trustee of the HL Voting Trust (the "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 pecuniary interest in and investment control over the shares reported herein.

Signature

/s/ J. Lindsey Alley, Attorney-in-Fact for Irwin N. Gold|2026-05-19

1 file