HLI director granted 476 Houlihan Lokey shares

Mund Ronald Scott reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Mund Ronald Scott reported acquisition or exercise transactions in this Form 4 filing.

Houlihan Lokey director Ronald Scott Mund received a grant of 476 shares of Class A common stock as equity compensation. The award was recorded at a price of $0.00 per share and increased his directly held position to 969 shares following the transaction.

Insider Trade Summary

Grant/Award: 476 shares

Grant/Award 1 txn

Insider Mund Ronald Scott

Role Director

Type	Security	Shares	Price	Value
Grant/Award	CLASS A COMMON STOCK	476	$0.00	$0.00

Holdings After Transaction: CLASS A COMMON STOCK — 969 shares (Direct)

Key Figures

Shares granted: 476 shares Grant price per share: $0.00 per share Shares held after grant: 969 shares +2 more

5 metrics

Shares granted 476 shares Equity grant to director Ronald Scott Mund

Grant price per share $0.00 per share Recorded value for the stock award

Shares held after grant 969 shares Total direct holdings following the transaction

Transaction code A Grant, award, or other acquisition of non-derivative securities

Transaction date 2026-05-21 Date of reported equity grant

Key Terms

Class A common stock, Grant, award, or other acquisition, Form 4

3 terms

Class A common stock financial

"Ronald Scott Mund received a grant of 476 shares of Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"The transaction was coded as “A”, described as Grant, award, or other acquisition"

Form 4 regulatory

"The Form 4 lists a single non-derivative transaction: a grant of 476 shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did HLI director Ronald Scott Mund report?

Ronald Scott Mund reported receiving a grant of 476 shares of Houlihan Lokey Class A common stock. The award was recorded at $0.00 per share, indicating a compensation-related equity grant rather than an open-market purchase.

How many Houlihan Lokey (HLI) shares does Ronald Scott Mund hold after this grant?

After the equity grant, Ronald Scott Mund directly holds 969 shares of Houlihan Lokey Class A common stock. This figure reflects his position immediately following the 476-share award reported in the Form 4 insider filing.

Was the HLI insider transaction by Ronald Scott Mund a purchase or a grant?

The transaction was a grant or award acquisition of 476 shares, coded as “A” on the Form 4. The per-share price was $0.00, confirming it was a compensation grant rather than an open-market purchase for cash.

Does the Houlihan Lokey (HLI) Form 4 show any stock sales by Ronald Scott Mund?

The Form 4 does not show any stock sales by Ronald Scott Mund. It reports a single acquisition transaction, a grant of 476 shares of Class A common stock, increasing his total direct holdings to 969 shares.

What type of security did Ronald Scott Mund receive in the HLI Form 4 filing?

Ronald Scott Mund received Houlihan Lokey Class A common stock in this filing. The Form 4 lists a single non-derivative transaction: a grant of 476 shares of Class A common stock, recorded at a price of $0.00 per share.

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

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Accepted by SEC EDGAR 05/21/2026 - 05:43 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mund Ronald Scott

(Last)

(First)

(Middle)

C/O HOULIHAN LOKEY INC

10250 CONSTELLATION BLVD 5TH FL

(Street)

LOS ANGELES

CALIFORNIA

90067

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HOULIHAN LOKEY, INC. [ HLI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
CLASS A COMMON STOCK	05/21/2026		A		476	A	$0	969	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	/s/ J. Lindsey Alley, Attorney-in-Fact for R. Scott Mund	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR