Hirsch Erik R. 4
4 · Hamilton Lane INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hamilton Lane (HLNE) CEO Erik R. Hirsch Buys 9,225 Shares
What Happened
- Erik R. Hirsch, CEO of Hamilton Lane Inc. (HLNE), reported an open-market purchase of 9,225 shares of Class A common stock on 2026-02-20. The filing shows a weighted average price of $107.13 per share, for a total reported cost of $988,260. This was a direct purchase (transaction code P), which is a purchase rather than a sale.
Key Details
- Transaction date: 2026-02-20
- Price: weighted average $107.13 per share; purchase prices ranged from $106.71 to $107.26 (see footnote F1)
- Total value: $988,260
- Shares owned after transaction: Not specified in the Form 4 filing
- Important footnotes: F1 (weighted average and price range); F2 (ownership counts may include unvested restricted stock); F3 (prior transfer of shares to ex-spouse; those shares are no longer reported as beneficially owned); F7 (some holdings held on his behalf by HL Management Investors, LLC). Other footnotes (F4–F6) describe Class B and performance-share mechanics.
- Filing timeliness: Form 4 was filed on 2026-02-24 covering the 2026-02-20 transaction; the filing appears timely (within required business-day window).
Context
- This was a straightforward open-market purchase by the CEO. The filing’s footnotes note prior domestic transfers and that the reporting person is part of a group that beneficially owns more than 10% of the Issuer’s Class A stock; those ownership details and certain unvested or contingent holdings are described in the notes. As with any insider buy, the transaction is factual evidence of a purchase but does not by itself explain the insider’s motive.
Insider Transaction Report
Form 4
Hirsch Erik R.
DirectorCo-Chief Executive Officer10% Owner
Transactions
- Purchase
Class A Common Stock
[F1][F2][F3]2026-02-20$107.13/sh+9,225$988,260→ 70,494 total
Holdings
- 809,781
Class B Common Stock
[F3][F4] - 544,000
Performance Stock
[F5]→ Class A Common Stock (544,000 underlying) - 809,781(indirect: See footnote)
Class B Units
[F6][F3][F7]→ Class A Common Stock (809,781 underlying)
Footnotes (7)
- [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 $106.71 to $107.26 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]Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- [F3]Since the date of the Reporting Person's last ownership report, Reporting Person transferred 59,006 shares of Class A Common Stock and 300,000 shares of Class B common stock of the Issuer to his ex-spouse pursuant to a domestic relations order. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-spouse.
- [F4]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.
- [F5]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.
- [F6]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. ("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 of HLA do not have an expiration date.
- [F7]Held on behalf of the reporting person by HL Management Investors, LLC.
Signature
/s/ Lauren Platko, attorney-in-fact|2026-02-24