ZUBER PAUL ANDREW 4

What Happened
Paul Andrew Zuber, a director of Houlihan Lokey, Inc. (HLI), was granted 797 shares on 2026-05-21 as an award (transaction code A). The shares were issued at $0.00, giving a reported acquisition value of $0.00 on the Form 4.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-21 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 797; acquisition price: $0.00; reported value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan details: None provided in the supplied data (e.g., no 10b5-1, tax-withholding, or cashless sale notes shown).
• Insider role: Non-employee director (not reported as a 10% owner).

Context
Grants or awards of shares are typically part of executive/director compensation (e.g., restricted stock or deferred stock units) and do not necessarily reflect immediate market sentiment like open-market purchases or sales. Because this was an award rather than a purchase or sale, it should be viewed as compensation-related disclosure rather than a direct bullish or bearish trading signal.