Welcome to our dedicated page for Houlihan Lokey SEC filings (Ticker: HLI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Houlihan Lokey, Inc. (NYSE:HLI) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a public company with Class A common stock listed on the New York Stock Exchange, Houlihan Lokey submits a range of filings that document its financial condition, governance, and material events.
Among the most significant filings for HLI are its annual reports on Form 10-K and quarterly information released in connection with earnings announcements. These materials describe the firm’s activities in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory, and they include segment data for Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
Current reports on Form 8-K are another important category for Houlihan Lokey. Recent 8-K filings have covered topics such as quarterly financial results, amendments to the company’s voting trust arrangements, board appointments, and outcomes of the annual meeting of stockholders. These documents can shed light on governance structures, including the HL Voting Trust and the composition of the board and its committees.
Investors interested in ownership and governance details can review proxy materials such as the definitive proxy statement on Schedule 14A, which discusses director elections, executive compensation, and auditor ratification. Filings also indicate that the company’s Class A common stock trades under the symbol HLI on the NYSE.
On Stock Titan, AI-powered tools can help interpret complex filings by highlighting key sections, summarizing segment performance, and pointing out notable governance or capital structure disclosures. Users can use this page to follow Houlihan Lokey’s 8-Ks, 10-Ks, proxy statements, and other SEC documents as they are made available through EDGAR.
A shareholder has filed a notice under Rule 144 to sell 5,000 Class A shares with an aggregate market value of 841,475 through Charles Schwab on the NYSE, with an approximate sale date of 01/30/2026. The filing notes that 54,515,003 shares of this class are outstanding. The shares to be sold were acquired between 2021 and 2024 through vested restricted stock units granted by the issuer as equity compensation.
Houlihan Lokey, Inc. reported that director Robert A. Schriesheim has informed the company that he does not intend to stand for reelection to the board when his current term ends at the company’s 2027 Annual Meeting of Shareholders.
Schriesheim has served as a director of Houlihan Lokey since July 2015. The notice provides advance transparency about future board composition but does not indicate any disagreement with the company or its policies.
Houlihan Lokey, Inc. filed a Form 8-K to furnish a press release announcing its financial results for the third fiscal quarter ended December 31, 2025. The press release is attached as Exhibit 99.1 and provides the detailed quarterly results.
The company states that the information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, so it is not subject to certain Exchange Act liabilities and is not automatically incorporated into other securities law filings.
Houlihan Lokey, Inc. reported an insider transaction by its General Counsel, Christopher M. Crain. On 01/02/2026, Crain converted 500 shares of Class B common stock into 500 shares of Class A common stock at an exercise price of $0, then sold those 500 Class A shares at $174.17 per share, leaving no Class A shares held directly.
The filing notes that Class B common stock is convertible into Class A on a one-for-one basis and has no expiration date. After the reported transactions, Crain had 51,738 shares of Class B common stock indirectly beneficially owned through the HL Voting Trust, over which he retains investment control and dispositive power. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 18, 2024.
Houlihan Lokey’s major insiders filed an amendment to their beneficial ownership report, updating the A&R Voting Trust and its stake in the company. The trust now covers 15,799,172 shares of Class B common stock, representing 22.5% of the issuer’s Class A common stock, based on share counts outstanding as of December 30, 2025. Since the prior amendment dated August 28, 2025, holdings in the trust fell by 412,933 Class B shares through conversions into Class A stock followed by sales or donations, forfeitures tied to employment terminations, tax withholdings, and new awards and issuances.
The amended and restated Voting Trust Agreement revises when the trust can terminate, including ending if it ever holds less than 5% of total outstanding common shares. It also adds an “Excess Shares” provision requiring any trust holdings above 30% of outstanding common stock after all Class B shares convert to Class A to be voted in proportion to other stockholders, and expands situations where current and former employees can withdraw or release shares from the trust.
An HLI stockholder has filed a notice under Rule 144 to sell 500 shares of common stock. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $87,095.00. The filing notes that 54,515,003 shares of this class of common stock were outstanding at the time of the notice.
The 500 shares were acquired on 05/15/2024 directly from the issuer in an RSA (restricted stock award) transaction, with no separate cash payment described. The Rule 144 notice also repeats the standard representation that the selling holder does not know of any undisclosed material adverse information about the issuer.
Houlihan Lokey, Inc. entered into an amended and restated voting trust agreement with designated trustees on December 30, 2025. This agreement replaces the prior 2015 voting trust arrangements for Class B common stock and updates how long the trust lasts and how it votes shares.
The revised agreement now ends on the earliest of an agreed written termination, 10 years after the date all Class B common stock automatically converts into Class A common stock, or when the trust holds less than 5% of the company’s total outstanding common stock. After that conversion date, if the trust holds more than 30% of outstanding common stock, any such excess shares must be voted in the same proportion as all other stockholders on any proposal.
The agreement also permits former employees who have not worked at the company for at least 12 months to have their shares released from the trust after the conversion date, and broadens situations where employees may withdraw shares for certain pledging, hedging, monetization or similar transactions, if allowed by the insider trading policy. Because some directors are trustees and trust participants, a Special Committee of disinterested directors reviewed and unanimously approved the new agreement.
HLI submitted a Form 144 notice covering a planned sale of restricted or control common stock. The notice states an intention to sell 5,000 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $893,475.00. Common shares outstanding are listed as 54,515,003.
The securities to be sold are common shares that were acquired on 12/09/2025 as a gift from Irwin Gold, with an amount acquired of 5,000 shares. The table notes a related date of payment of 08/13/2025 described as Compensation. By signing the notice, the seller represents that they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.
Houlihan Lokey, Inc. insider activity: Co-chairman, director and 10% owner Irwin N. Gold reported a share conversion and charitable donation. On December 5, 2025, he converted 5,000 shares of Class B Common Stock into 5,000 shares of Class A Common Stock at an exercise price of $0, reflecting the one-for-one convertibility of Class B into Class A shares.
That same day, he made a charitable donation of 5,000 shares of Class A Common Stock, receiving no value for the shares, which reduced his directly held Class A position to 0 shares. Separately, the filing shows 1,066,385 shares of Class A Common Stock held indirectly through the HL Voting Trust, where Gold is a trustee with shared voting control and a pecuniary interest.
Houlihan Lokey (HLI) insider Scott L. Beiser reported a conversion and a charitable gift of company stock. On November 10, 2025, he converted 8,000 shares of Class B into 8,000 shares of Class A at $0, then donated 8,000 shares of Class A at $0.
Following these transactions, his direct Class A holdings were 0 shares. He reports 800,413 shares of Class A beneficially owned indirectly via the HL Voting Trust. The filing notes Class B converts to Class A on a one-for-one basis and has no expiration.
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