Hirsch Erik R. 4
4 · Hamilton Lane INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Hamilton Lane (HLNE) CEO Erik R. Hirsch Delivers Shares for Taxes
What Happened
Erik R. Hirsch, CEO of Hamilton Lane (HLNE), delivered 6,912 shares to the issuer on March 14, 2026 to cover withholding taxes arising from the vesting of previously granted restricted stock awards. The shares were valued at $96.85 each for a total of $669,427. This was not an open-market sale for investment purposes but a settlement of tax obligations (transaction code F).
Key Details
- Transaction date: 2026-03-14; filing date (Accession): 2026-03-17.
- Shares delivered/Disposed: 6,912 shares at $96.85 = $669,427.
- Transaction code: F — shares delivered to issuer to pay withholding taxes on vested restricted stock (per footnote F1).
- Footnotes of note: F2 indicates the awards relate to restricted stock under the 2017 Equity Incentive Plan; F6 notes certain holdings are held on behalf of the reporting person by HL Management Investors, LLC; remarks state the reporting person is part of a group owning >10% of Class A common stock.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
This is a routine tax-withholding transaction (often called a “sell-to-cover” or shares delivered to satisfy taxes) tied to vesting of restricted awards, not a discretionary market sale or purchase. Such transactions are administrative and do not, by themselves, indicate a change in the insider’s investment view.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-03-14$96.85/sh−6,912$669,427→ 63,582 total
- 809,781
Class B Common Stock
[F3] - 544,000
Performance Stock
[F4]→ Class A Common Stock (544,000 underlying) - 809,781(indirect: See footnote)
Class B Units
[F5][F6]→ Class A Common Stock (809,781 underlying)
Footnotes (6)
- [F1]Shares delivered to the Issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.
- [F2]Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Held on behalf of the reporting person by HL Management Investors, LLC.