ALLEY J LINDSEY 4

4 · HOULIHAN LOKEY, INC. · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

Houlihan Lokey (HLI) CFO Alley Lindsey Receives 7,100 Stock Awards

What Happened

Alley J. Lindsey, Chief Financial Officer of Houlihan Lokey (HLI), was granted two awards on 2026-05-21: 3,778 shares of Class B common stock (time‑vested award) and 3,322 performance shares (total 7,100 shares). Both awards are reported as derivative acquisitions at $0.00 (grant awards). The same 7,100 Class B shares were deposited into the HL Voting Trust the same day (reported as a deposit/withdrawal, code Z).
The 3,778 shares vest in four equal annual installments. The 3,322 performance shares vest in four equal annual installments only if specified revenue‑growth performance goals are met; any unmet annual installment will be forfeited. Class B shares convert one‑for‑one into Class A common stock (no expiration).

Key Details

Transaction date(s): 2026-05-21; Form 4 filed 2026-05-22 (appears timely under the two-business‑day Form 4 rule).
Prices: reported acquisition price $0.00 (standard for grants); no market value provided in the filing.
Holdings after transaction: the filing does not disclose the total shares owned by the reporting person after these transactions.
Footnotes: F1 (Class B convertible to Class A one‑for‑one), F2 (time‑vested 3,778 shares), F3 (3,322 performance shares subject to revenue goals), F4 (shares were deposited into the HL Voting Trust; reporting person retains investment control and dispositive power).
Deposit into Voting Trust is not a sale — Lindsey retains investment/dispositive control over the shares.

Context

These were awards/grants (A) of derivative Class B stock, not open‑market purchases or sales; a $0 acquisition price is typical for stock grants. Performance shares may never vest if goals aren’t met, so the final number of shares that become owned can change.
Depositing shares into a voting trust is an administrative move for governance/voting purposes and does not necessarily indicate a change in economic exposure. The filing appears timely and contains no indication of a sale or other disposition aside from the trust deposit.

Form 4

Period: 2026-05-21

Chief Financial Officer

Transactions

Award
CLASS B COMMON STOCK
[F1][F2]
2026-05-21+3,778→ 3,778 total
→ CLASS A COMMON STOCK (3,778 underlying)
Award
CLASS B COMMON STOCK
[F1][F3]
2026-05-21+3,322→ 3,322 total
→ CLASS A COMMON STOCK (3,322 underlying)
Deposit Into/Withdrawal From Voting Trust
CLASS B COMMON STOCK
[F1][F4]
2026-05-21−7,100→ 74,472 total(indirect: By Trust)
→ CLASS A COMMON STOCK (7,100 underlying)

Footnotes (4)

[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]On May 21, 2026, the Issuer granted 3,778 shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date.
[F3]On May 21, 2026, the Issuer granted 3,322 performance shares of Class B Common Stock to the reporting person pursuant to its 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date if certain performance goals based upon revenue growth are achieved. If on vesting date such performance criteria are not achieved, the annual installment of shares will be forfeited.
[F4]Represents shares of Class B Common Stock deposited into the HL Voting Trust (the "Voting Trust"). The reporting person retains investment control and dispositive power over the shares deposited into the Voting Trust.

Signature

Lindsey Alley|2026-05-22

1 file