Gavalis Lydia 4

What Happened
Lydia Gavalis, General Counsel & Secretary of Hamilton Lane (HLNE), delivered 549 shares back to the company on March 14, 2026 to satisfy withholding taxes upon the vesting of previously granted restricted stock awards. The shares were valued at $96.85 each, totaling approximately $53,171. This was a tax-withholding share delivery (routine), not an open-market sale or purchase.

Key Details

• Transaction date and price: 549 shares delivered on 2026-03-14 at $96.85 per share (total ≈ $53,171).
• Transaction type: Code F — shares delivered to the issuer to pay withholding taxes on vested restricted stock (cashless tax withholding).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Report filed with the SEC on 2026-03-17 for the 2026-03-14 transaction; the filing does not indicate a late filing flag.
• Relevant footnotes:
  • F1: Confirms shares were delivered to the issuer to pay withholding taxes on vesting restricted stock awards.
  • F2–F4: Describe that the insider holds unvested restricted and performance stock awards with various vesting conditions and performance periods (performance periods ending 2029 and 2030).

Context
Delivering shares to cover tax withholding is a routine administrative action when restricted stock vests and does not necessarily indicate buying or selling sentiment. The filing shows the mechanics of tax withholding rather than an intentional divestiture or accumulation of shares.