Morgan Stanley files Form 144 for 6,265 HLI shares

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting a proposed sale of 6,265 shares of Common Stock tied to restricted stock vesting under a registered plan, with the reported vesting date of 05/15/2026.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting a proposed sale of 6,265 shares of Common Stock tied to restricted stock vesting under a registered plan, with the reported vesting date of 05/15/2026.

Insights

Securities Compliance Analyst

Form 144 notice of a proposed resale of vested restricted shares.

The filing lists a proposed sale of 6,265 shares resulting from restricted stock vesting under a registered plan with a vesting date of 05/15/2026. This is a routine affiliate resale notice and does not by itself confirm execution.

Timing and cash‑flow treatment are not provided in the excerpt; subsequent filings or transaction reports would show whether and how the shares were sold.

Key Figures

Shares reported: 6,265 shares Vesting date: 05/15/2026

2 metrics

Shares reported 6,265 shares restricted stock vesting under a registered plan, 05/15/2026

Vesting date 05/15/2026 date tied to the restricted stock vesting

Key Terms

Form 144, restricted stock vesting, registered plan

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

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.

restricted stock vesting financial

"Restricted stock vesting under a registered plan"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

registered plan regulatory

"Restricted stock vesting under a registered plan"

A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.

FAQ

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

What does the Form 144 for HLI filed by Morgan Stanley mean?

It reports a proposed resale of 6,265 HLI shares arising from restricted stock vesting on 05/15/2026. The form notifies the SEC of an affiliate's intent to sell; it does not confirm that the sale occurred.

Who is the filer on the Form 144 for HLI?

The filing names Morgan Stanley Smith Barney LLC Executive Financial Services as the filer. The entry ties the listed shares to a restricted stock vesting under a registered plan dated 05/15/2026.

How many HLI shares are listed in this Form 144 notice?

The form lists 6,265 shares of Common Stock associated with restricted stock vesting. The filing presents this as the quantity proposed for resale tied to the registered plan vesting event.

Does this Form 144 confirm sale proceeds or execution of the trade?

No. The Form 144 in the excerpt reports a proposed sale due to vesting; it does not disclose proceeds or confirm execution. Actual sale details would appear in subsequent transaction reports if and when trades occur.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:19 PM Learn about SEC filing dates

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	0001649212
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	310 553 8871
Name of Person for Whose Account the Securities are To Be Sold	THE BEISER FAMILY TRUST OF 1997
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	Director

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	6265	941375.14	54220000	05/21/2026	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	05/15/2026	Restricted stock vesting under a registered plan	Issuer			6265	05/15/2026	Services Rendered

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	05/21/2026
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/ Scott L Beiser, Trustee
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)