Giannini Kyera 4
4 · Hamilton Lane INC · Filed Feb 14, 2025
Insider Transaction Report
Form 4
Giannini Kyera
10% Owner
Transactions
- Other
Class B Common Stock
2025-02-12$0.00/sh−25,000$25→ 213,648 total - Other
Class B Units
2025-02-12$159.00/sh−25,000$3,975,000→ 213,648 total→ Class A Common Stock (25,000 underlying)
Footnotes (3)
- [F1]The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.
- [F2]The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.
- [F3]Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.