Rogers Hartley R. 4

What Happened

• Rogers Hartley R., Executive Co‑Chairman and Chairman of the Board of Hamilton Lane (HLNE), purchased a total of 38,290 shares of Class A common stock in open‑market transactions on June 11, 2026. The filing lists two purchase entries: 10,612 shares at a weighted average price of $77.86 (total $826,250) and 27,678 shares at a weighted average price of $78.73 (total $2,179,089), for aggregate consideration of $3,005,339. These were purchases (P code), which are generally considered a bullish signal compared with sales.

Key Details

• Transaction date: June 11, 2026 (reported on Form 4 filed June 15, 2026). Filing appears timely (within the two business‑day Form 4 window).
• Reported lots/prices: 10,612 shares @ $77.86 (weighted avg; range per footnote F1: $77.54–$78.45); 27,678 shares @ $78.73 (weighted avg; range per footnote F2: $78.55–$79.13).
• Total purchased: 38,290 shares for $3,005,339 (~$3.01M).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Ownership notes: Several footnotes disclose that some securities are held through LLCs and trusts (F3, F5) and that Hartley is part of a group owning >10% of Class A stock (remarks). F4/F6 explain that Class B shares/units carry 10 votes per share but limited economic value and may be exchangeable into Class A shares.
• Transaction type: Open‑market purchases (Transaction code P). No derivatives, option exercises, gifts, or tax withholding involved.

Context

• These were outright purchases in the open market — purchases by insiders can signal confidence but do not prove future performance. The filing includes weighted averages and price ranges for multiple trades; Hartley also disclaims beneficial ownership in certain LLC/trust‑held securities except to the extent of his pecuniary interest.