Hirsch Erik R. 4

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.