Hamilton Lane INC·4

Feb 24, 4:06 PM ET

Kramer Andrea Anigati 4

Research Summary

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Updated

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.