HLI insider files Form 144 to sell 500 shares

The filing shows a Form 144 notice reporting the proposed sale of 500 shares of Common Stock by a selling party associated with a 10b5-1 plan.

Accepted by SEC EDGAR 04/01/2026 - 04:44 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

The filing shows a Form 144 notice reporting the proposed sale of 500 shares of Common Stock by a selling party associated with a 10b5-1 plan. The sale date listed is 01/02/2026 and the transaction amount is shown as $87,085.00. The securities were originally issued as an RSA on 08/13/2015.

Key Figures

Shares proposed for sale: 500 shares Transaction amount: $87,085.00 Form type: Form 144 +1 more

4 metrics

Shares proposed for sale 500 shares listed on Form 144; sale date 01/02/2026

Transaction amount $87,085.00 amount shown alongside the 01/02/2026 sale entry

Form type Form 144 notice of proposed sale under Rule 144 / 144 filing

Grant date of securities 08/13/2015 RSA issuance date tied to the securities being sold

Key Terms

10b5-1, RSA, Form 144

3 terms

10b5-1 regulatory

"10b5-1 Sales for CHRISTOPHER MADISON CRAIN"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

RSA financial

"Common | 08/13/2015 | RSA | Issuer"

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does HLI's Form 144 report about the transaction?

It reports a proposed sale of 500 shares under Form 144. The notice lists the sale date as 01/02/2026 and an associated amount of $87,085.00, with the shares tied to an RSA dated 08/13/2015.

Who is the selling party named in the HLI Form 144?

The filing names transactions for Christopher Madison Crain and a Morgan Stanley broker arrangement. The notice identifies a 10b5-1 sales plan and lists the broker as Morgan Stanley Smith Barney LLC.

Were the shares sold under a trading plan for HLI?

Yes. The filing references 10b5-1 sales for Christopher Madison Crain. The entry explicitly labels the trades as made pursuant to a 10b5-1 plan on the notice records.

What is the grant/origin of the shares shown in HLI's Form 144?

The shares are shown as issued under an RSA with a grant date of 08/13/2015. The Form 144 links the 500 shares being sold to that RSA issuance date.

Does the Form 144 state where the sale will be executed?

The filing lists the broker as Morgan Stanley Smith Barney LLC at 1 New York Plaza. It identifies the exchange as NYSE but does not specify trade execution details beyond that.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001649160
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Houlihan Lokey, Inc.
SEC File Number	001-37537
Address of Issuer	10250 Constellation Blvd, 5th Floor Los Angeles CALIFORNIA 90067
Phone	3105538871
Name of Person for Whose Account the Securities are To Be Sold	CHRISTOPHER MADISON CRAIN
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	500	71810.00	54354265	04/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/13/2015	RSA	Issuer			500	08/13/2015	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for CHRISTOPHER MADISON CRAIN 10250 Constellation Blvd, 5th Floor Los Angeles CA 90067	Common	01/02/2026	500	87085.00

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock awards during the period of 08/13/2015 through 05/15/2024.
Date of Notice	04/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/18/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Christopher Crain
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)