Hamilton Lane (HLNE) COO Andrea Kramer Anigati Receives Award

What Happened

• Andrea Kramer Anigati, Chief Operating Officer of Hamilton Lane (HLNE), received a large award of 22,252 derivative shares (performance/restricted stock) on 2026-09-16 and a small Employee Share Purchase Plan buy of 27 Class A shares on 2026-06-30 (27 @ $67.01, $1,809). On 2026-09-16 she delivered 736 Class A shares to the issuer to satisfy withholding taxes (736 @ $93.03, ~$68,470). The 22,252 shares are granted as unvested/contingent equity (no cash paid).

Key Details

• Transaction dates/prices: 06/30/2026 — 27 shares @ $67.01 (ESPP); 09/16/2026 — 736 shares withheld @ $93.03; 09/16/2026 — 22,252 derivative shares @ $0.00 (award).
• Net on-report movement: 22,279 shares acquired on-report (27 + 22,252) and 736 shares surrendered for tax withholding; note the 22,252 award is unvested/contingent so not immediately freely tradeable.
• Footnotes: ESPP purchase exempt under Rule 16b-3(d) (F1); 736 shares surrendered were delivered to issuer to cover withholding taxes upon vesting (F3); the award includes unvested restricted/performance stock (F2, F5–F8 describe performance vesting conditions). Some holdings may be held on behalf of the reporting person by HL Management Investors, LLC (F10).
• Filing: Form 4 filed 2026-09-18 reporting the 09/16/2026 transactions (filed two days after the transactions).

Context

• The 22,252 award appears to be performance- or time-based restricted stock (vesting tied to TSR or share-price targets with multi-year performance periods), so it is contingent and not an immediate cash purchase.
• The 736-share "disposal" is a tax-withholding surrender (common when restricted shares vest) — not an open-market sale and not necessarily a bearish signal.
• The filer is part of a group that beneficially owns more than 10% of the Issuer’s Class A shares (per remarks), which may affect how her holdings are categorized on filings.