Gavalis Lydia 4

What Happened

• Lydia Gavalis, General Counsel & Secretary of Hamilton Lane (HLNE), was granted 1,139 shares of Class A common stock as an award (transaction code A) on 2026-05-29. The grant price was $0.00 per share (total reported value $0), indicating a restricted stock award issued as compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-29 (Filed with the SEC on 2026-06-02).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,139 Class A common shares at $0.00 per share (total $0 reported).
• Vesting: Per footnote F1, the restricted stock vests in four equal annual installments beginning May 29, 2027.
• Holdings after transaction: Not specified in the provided excerpt.
• Other notable footnotes:
  • F2: Includes unvested restricted stock granted under the 2017 Equity Incentive Plan.
  • F3: Describes performance stock that vests based on TSR growth (performance period ends 9/16/2030).
  • F4: Describes performance stock that vests upon achieving a specified share price (performance period ends 9/16/2029).
• Filing timeliness: Filed on 2026-06-02 for a 2026-05-29 grant, which appears to meet the Form 4 two-business-day filing requirement.

Context

• This was a compensation award (restricted stock and references to performance stock), not a market purchase or sale. Restricted shares typically vest over time and/or upon performance targets, so they do not represent immediate liquidity or a direct bullish bet by the insider.