Giannini Mario L 4
4 · Hamilton Lane INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hamilton Lane (HLNE) Executive Co‑Chairman Mario Giannini Buys 9,225 Shares
What happened Mario L. Giannini, Executive Co‑Chairman of Hamilton Lane (HLNE), purchased 9,225 shares of Class A common stock in open‑market transactions on February 20, 2026. The reported weighted‑average price was $107.32 per share, for a total reported transaction value of $990,010. This was a purchase (buy), which investors typically view as a more informative signal than routine sales.
Key details
- Transaction date: February 20, 2026 (filed with the SEC on February 24, 2026 — filing appears timely).
- Shares bought: 9,225 Class A shares; weighted‑average price reported: $107.32; total ≈ $990,010.
- Price range: purchases occurred at prices between $106.92 and $107.86 per share (weighted average reported; reporting person will provide per‑price breakdown on request) (Footnote F1).
- Reported ownership: Footnote F3 indicates 1,028,699 securities are owned directly by Hamilton Lane Advisors, Inc. (an S‑corp wholly owned by Mr. Giannini) and 283,632 securities are owned by HLA Investments, LLC. The filing also notes Mr. Giannini is part of a group that beneficially owns >10% of the Class A stock (Remarks).
- Additional corporate notes: Class B shares carry 10 votes per share but minimal economic value beyond par on liquidation (F2); Class B units are exchangeable one‑for‑one for Class A shares or cash at the issuer’s election (F4).
Context
- This was an open‑market purchase (code P) of Class A common stock, not an option exercise or award. As an insider and member of a >10% owner group, Mr. Giannini’s purchase increases his direct/beneficial stake and may be of interest to investors tracking insider buying. The filing provides standard footnote disclosures; no indication of late filing or special sale mechanics.
Insider Transaction Report
Form 4
Giannini Mario L
Executive Co-Chairman10% Owner
Transactions
- Purchase
Class A Common Stock
[F1]2026-02-20$107.32/sh+9,225$990,010→ 105,723 total
Holdings
- 1,312,331(indirect: See footnote)
Class B Common Stock
[F2][F3] - 1,312,331(indirect: See footnote)
Class B Units
[F4][F3]→ Class A Common Stock (1,312,331 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares of Class A common stock, $0.001 par value per share (the "Class A Common Stock") were purchased in multiple transactions at prices ranging from $106.92 to $107.86 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares of Class A Common Stock purchased at each separate price within the range set forth in this footnote.
- [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]Represents 1,028,699 securities owned directly by Hamilton Lane Advisors, Inc., an S-corporation that is wholly owned by Mr. Giannini, and 283,632 securities owned directly by HLA Investments, LLC.
- [F4]Pursuant to an Exchange Agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering, 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.
Signature
/s/ Lauren Platko, attorney-in-fact|2026-02-24