Hirsch Erik R. 4

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.