Giannini Mario L 4

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.