Delgado-Moreira Juan 4

What Happened
Juan Delgado-Moreira, CEO of Hamilton Lane (HLNE), purchased a total of 9,225 shares of Class A common stock on February 20, 2026. The filing shows two grouped purchase entries: 6,520 shares at a weighted average price reported as $107.10 (total ~$698,308) and 2,705 shares at a weighted average price reported as $107.58 (total ~$291,003), for an aggregate outlay of approximately $989,311 (≈ $107.24 per share). These transactions are coded as purchases (P), indicating open-market or private acquisitions.

Key Details

• Transaction date: 2026-02-20 (both entries). Transaction code: P (purchase).
• Reported prices: weighted averages of $107.10 (6,520 shares) and $107.58 (2,705 shares); combined ≈ $107.24 per share.
• Total shares bought: 9,225. Total spent: ≈ $989,311.
• Post-transaction holdings: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • The $107.10 figure is a weighted average for multiple trades priced between $106.52 and $107.50.
  • The $107.58 figure is a weighted average for multiple trades priced between $107.52 and $107.96.
  • Filing notes inclusion of unvested restricted stock and performance stock holdings; each performance share vests only if a specified price target is met (performance period ends 9/16/2031).
  • The reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock.

Context

• Purchases by insiders are often viewed as a positive signal (they increase the insider's stake), but they do not prove future stock performance. This filing documents acquisitions rather than sales or option exercises.
• No indication in the provided information that the filing was late. The transactions were reported on a Form 4 as required for officers and >10% owners under Section 16.