Houlihan Lokey (HLI) Files Rule 144 Notice for 500 Shares

Rhea-AI Filing Summary

Form 144 filed for Houlihan Lokey, Inc. (HLI) reporting a proposed sale of 500 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $99,625.00. The shares were acquired from the issuer as RSA on 05/15/2024 and the filing lists an approximate sale date of 09/02/2025. The filer reports 54,369,453 shares outstanding for the class and indicates no securities sold in the past three months. Several metadata fields such as filer name/CIK and the specific account holder are not provided in the disclosed tables.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for a small equity sale; appears procedural and compliant with disclosure requirements.

The filing documents a proposed sale of 500 common shares via a registered broker and specifies acquisition date, nature (RSA), and planned sale date. The reported outstanding share count allows investors to contextualize the sale size: 500 shares represents a negligible fraction of the class. The filing also states "Nothing to Report" for sales in the prior three months, which supports that this is an isolated, small disposition. Missing filer identification in the provided tables limits traceability to a specific insider or stakeholder.

Corporate Governance Expert

TL;DR: Small-scale insider/affiliate sale disclosed; governance impact appears minimal based on provided figures.

The disclosure shows shares were granted as restricted stock awards and are now proposed for sale under Rule 144, a common post-vesting action. Because the filing lacks the filers identity and relationship line is empty, stakeholders cannot assess intent or broader governance implications from this document alone. Given the 500-share size versus 54,369,453 outstanding, the transaction is immaterial to capital structure.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	99625.00	54369453	09/02/2025	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	05/15/2024	RSA	Issuer			500	05/15/2024	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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did HLI file in this Form 144?

HLI filed a Rule 144 notice for the proposed sale of 500 common shares with an aggregate market value of $99,625.00 to be sold via Morgan Stanley Smith Barney LLC.

When were the shares acquired and by what method?

The shares were acquired on 05/15/2024 as a restricted stock award (RSA) from the issuer.

What is the planned sale date and exchange for the HLI shares?

The filing lists an approximate sale date of 09/02/2025 and names the NYSE as the exchange.

How many HLI shares are outstanding and how material is this sale?

The class has 54,369,453 shares outstanding; 500 shares represent approximately 0.00092% of the outstanding shares.

Were there other sales by the same person in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

Who is the filer or the account holder for this sale?

The provided tables do not disclose the filers name or CIK and do not specify the account holders identity.