Houlihan Lokey officer Crain proposes $293K share sale

The shares in the proposed sale were acquired through restricted-stock-unit vesting during a period spanning August 13, 2015, to May 15, 2025.

Available on EDGAR 11/04/2026 - 04:26 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:26 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Houlihan Lokey, Inc. (HLI) reports Officer Christopher Crain’s proposed sale of 2,000 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $293,480 and an approximate sale date of November 4, 2026. Christopher Madison Crain also reported a sale of 1,000 common shares on September 10, 2026, for gross proceeds of $140,150.

Key Figures

Common shares proposed for sale: 2,000 shares Aggregate market value: $293,480 Shares outstanding: 53,974,184 shares +2 more

5 metrics

Common shares proposed for sale 2,000 shares Approximate sale date November 4, 2026

Aggregate market value $293,480 Proposed sale

Shares outstanding 53,974,184 shares Company shares outstanding listed in the proposed-sale section

Common shares sold 1,000 shares Sale on September 10, 2026

Gross proceeds $140,150 Sale on September 10, 2026

Key Terms

Restricted Stock Units, vesting, Rule 144

3 terms

Restricted Stock Units financial

"acquired upon the vesting of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"acquired upon the vesting of restricted stock units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Rule 144 regulatory

"paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

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

How many HLI shares does Christopher Crain propose to sell?

Officer Christopher Crain’s notice lists a proposed sale of 2,000 common shares, with an aggregate market value of $293,480 and an approximate sale date of November 4, 2026. Morgan Stanley Smith Barney LLC is named as the broker.

What did Christopher Madison Crain sell recently?

The past-three-months sales table lists Christopher Madison Crain’s sale of 1,000 common shares on September 10, 2026, for gross proceeds of $140,150.

How were the shares in Christopher Crain’s proposed sale acquired?

The securities were acquired upon the vesting of restricted stock units during the period from August 13, 2015, through May 15, 2025.

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 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	2000	293480.00	53974184	11/04/2026	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	Restricted Stock Units	Issuer			2000	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
CHRISTOPHER MADISON CRAIN 10250 Constellation Blvd, 5th Floor Los Angeles CA 90067	Common	09/10/2026	1000	140150.00

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 8/13/2015 through 5/15/2025.
Date of Notice	11/04/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/08/2026
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/ Christopher Crain
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)