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Hamilton Lane INC·4

Jun 2, 5:01 PM ET

Kramer Andrea Anigati 4

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Hamilton Lane (HLNE) COO Andrea Kramer Anigati Receives Stock Award

What Happened
Andrea Kramer Anigati, Chief Operating Officer of Hamilton Lane (HLNE), reported two acquisitions on a Form 4. On 2026-05-29 she was granted 3,543 Class A restricted shares at $0.00 (award, immediate cash value $0). On 2026-03-31 she acquired 62 Class A shares under the company’s Employee Share Purchase Plan at $84.89 per share (total cost $5,263). The March purchase is a routine ESPP acquisition; the May transaction is a restricted stock award that vests over time.

Key Details

  • Transactions reported: 62 shares purchased on 2026-03-31 at $84.89/share (total $5,263); 3,543 shares granted on 2026-05-29 at $0.00/share.
  • Vesting/award terms: The 3,543 Class A shares were issued as restricted stock under the 2017 Equity Incentive Plan and vest in four equal annual installments beginning May 29, 2027 (footnote F4).
  • ESPP note: The 62 shares were acquired under the Employee Share Purchase Plan in a transaction exempt under Rule 16b-3(d) (footnote F1).
  • Holdings context: Filing references additional holdings including unvested restricted stock (F2) and 17,913 Class A shares held in an IRA previously reported as indirectly owned (F3). Some shares are held on the reporting person’s behalf by HL Management Investors, LLC (F10). The filing also notes the reporting person is part of a group that beneficially owns more than 10% of the company’s Class A shares.
  • Filing/timeliness: Form 4 was filed on 2026-06-02 covering transactions dated 2026-03-31 and 2026-05-29. The 05/29 grant was filed within the typical two-business-day window (due 6/2); the 03/31 ESPP purchase appears to have been reported later than the two-business-day deadline.

Context
Restricted-stock awards (like the 3,543 shares) are not immediate cash sales — they vest over time and are tied to continued service. ESPP purchases are routine employee acquisitions and generally viewed as orderly buys rather than opportunistic insider buying. The filing’s note that the reporting person is in a group owning >10% highlights a substantial insider stake, which is separate from these routine award/purchase transactions.