CRAIN CHRISTOPHER M 4
4 · HOULIHAN LOKEY, INC. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Houlihan Lokey (HLI) GC Christopher Crain Receives 3,197-Share Award
What Happened Christopher M. Crain, General Counsel of Houlihan Lokey, was granted 3,197 shares of Class B Common Stock on May 21, 2026 under the company's 2016 Incentive Award Plan (grant reported as a derivative acquisition at $0.00). The same 3,197 Class B shares were deposited into the HL Voting Trust that day (reported as a deposit/disposition). The grant vests in four equal annual installments following the grant date and the reported acquisition value is $0.
Key Details
- Transaction date: May 21, 2026; Form 4 filed May 22, 2026 (appears timely).
- Grant: 3,197 shares of Class B Common Stock, acquisition price reported $0.00 (derivative award).
- Deposit: 3,197 Class B shares deposited into the HL Voting Trust (disposition code Z); reporting person retains investment and dispositive power.
- Vesting: Shares vest in four equal annual installments (per filing footnote).
- Conversion: Class B Common Stock is convertible 1-for-1 into Class A Common Stock (per filing footnote).
- Shares owned after transaction: not specified in the filing.
Context This filing records an equity award (not an open‑market buy or sale) and a deposit into the company’s voting trust. Awards and voting-trust deposits are routine corporate actions and do not by themselves indicate a personal buy/sell market signal.
Insider Transaction Report
- Award
CLASS B COMMON STOCK
[F1][F2]2026-05-21+3,197→ 3,197 total→ CLASS A COMMON STOCK (3,197 underlying) - Deposit Into/Withdrawal From Voting Trust
CLASS B COMMON STOCK
[F1][F3]2026-05-21−3,197→ 52,328 total(indirect: By Trust)→ CLASS A COMMON STOCK (3,197 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]On May 21, 2026, the Issuer granted 3,197 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]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.