Kramer Andrea Anigati 4
4 · Hamilton Lane INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hamilton Lane (HLNE) COO Andrea Anigati Kramer Buys Shares
What Happened
- Andrea Anigati Kramer, Chief Operating Officer of Hamilton Lane (HLNE), acquired 2,325 shares in an open‑market purchase on Feb 20, 2026 for a weighted average price of $107.53 per share, totaling $250,011. She also received two small equity awards (46 shares each) in 2025: one on Sep 30, 2025 at $114.57 (≈ $5,270) and one on Dec 31, 2025 at $114.16 (≈ $5,251). Total reported acquisitions across these entries are about $260,532.
- The open‑market purchase is a straightforward buy (a direct acquisition), while the 2025 entries are equity awards/grants (not sales).
Key Details
- Transaction dates and prices:
- 2026-02-20: Open‑market purchase — 2,325 shares @ weighted avg $107.53 = $250,011 (prices ranged $107.485–$107.61).
- 2025-12-31: Award/acquisition — 46 shares @ $114.16 = $5,251.
- 2025-09-30: Award/acquisition — 46 shares @ $114.57 = $5,270.
- Shares owned after the transactions: the filing excerpt does not disclose total post‑transaction holdings.
- Notable footnotes:
- One acquisition was made under the Issuer’s Employee Share Purchase Plan (ESPP) and was exempt under Rule 16b‑3(d).
- The open‑market purchase price is reported as a weighted average across multiple trades (range provided).
- Some securities reported are unvested restricted stock granted under the 2017 Equity Incentive Plan.
- Certain holdings are held in trust or on behalf of the reporting person (e.g., IRA trust; HL Management Investors, LLC).
- The reporting person is part of a group that beneficially owns more than 10% of the Issuer’s Class A common stock.
- Filing timeliness: Transaction dated Feb 20, 2026; Form 4 filed Feb 24, 2026 — filed within the typical two business‑day reporting window.
Context
- Purchases by officers are often watched by investors as a sign of confidence, but filings are factual records and do not prove intent.
- The 2025 entries are awards/grants (some appear to be restricted/unvested), which are standard compensation; they differ from open‑market purchases because they may vest over time.
- The open‑market purchase price was reported as a weighted average across multiple executions; the reporter offered to provide a breakdown by price per SEC footnote.
Insider Transaction Report
Form 4
Kramer Andrea Anigati
Chief Operating Officer10% Owner
Transactions
- Award
Class A Common Stock
[F1][F2]2025-09-30$114.57/sh+46$5,270→ 63,390 total - Award
Class A Common Stock
[F1][F2]2025-12-31$114.16/sh+46$5,251→ 63,436 total - Purchase
Class A Common Stock
[F3][F2]2026-02-20$107.53/sh+2,325$250,011→ 65,761 total
Holdings
- 17,913(indirect: See footnote.)
Class A Common Stock
[F4] - 135,970
Class B Common Stock
[F5] - 2,033
Performance Stock
[F6]→ Class A Common Stock (2,033 underlying) - 5,435
Performance Stock
[F7]→ Class A Common Stock (5,435 underlying) - 13,044
Performance Stock
[F8]→ Class A Common Stock (13,044 underlying) - 135,970(indirect: See footnote)
Class B Units
[F9][F10]→ Class A Common Stock (135,970 underlying) - 195,317(indirect: See footnote)
Class C Units
[F9][F10]→ Class A Common Stock (195,317 underlying)
Footnotes (10)
- [F1]These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).
- [F10]Held on behalf of the reporting person by HL Management Investors, LLC.
- [F2]Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- [F3]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 $107.485 to $107.61 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.
- [F4]The securities reported in this row are owned by The Andrea Anigati IRA Equity Trust Company, d.b.a. Sterling Trust, Custodian FBO Andrea Anigati IRA. Ms. Anigati Kramer serves as the trustee of this trust.
- [F5]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.
- [F6]Each share of performance stock represents a contingent right to receive one share of Class A common stock of the Issuer. The performance stock vests at the end of the performance period if the Issuer's Class A common stock achieves a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2030.
- [F7]Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2031.
- [F8]Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2029.
- [F9]Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, the Class B Units and Class C Units of Hamilton Lane Advisors, L. L.C. ("HLA") 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 and Class C Units of HLA do not have an expiration date.
Signature
/s/ Lauren Platko, attorney-in-fact|2026-02-24