Carl Drew Thomas 4

What Happened Carl Drew Thomas, Chief Accounting Officer of Hamilton Lane (HLNE), received an award of 675 restricted Class A shares on May 29, 2026. The shares were granted at an acquisition price of $0.00 (standard for restricted stock awards), so the reported transaction value is $0. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Filing date: 2026-06-02.
• Grant: 675 Class A common shares, $0.001 par value; acquisition price reported as $0.00.
• Vesting: Award vests in four equal annual installments beginning May 29, 2027 (see F1).
• Holdings: Filing notes the award includes unvested restricted stock (F2).
• Correction: The filing reduces previously reported beneficial ownership by 7 shares due to an inadvertent overstatement on the Form 4 filed March 17, 2026 (F3).
• Other: Filing references performance stock holdings that vest only if specified TSR targets are met at the end of the performance period (ends Sept 16, 2030) (F4).

Context This transaction is a typical equity compensation grant for an executive and does not involve buying or selling on the open market. Restricted shares awarded at $0 are common for employee compensation and generally vest over time, aligning the executive’s incentives with long-term shareholder performance. The filing corrects a prior minor overstatement of seven shares and discloses outstanding performance-based awards with longer vesting conditions.