Director receives 996-share stock grant at Houlihan Lokey (NYSE: HLI)

Rhea-AI Filing Summary

Zucker Gillian Beth reported acquisition or exercise transactions in this Form 4 filing.

HOULIHAN LOKEY, INC. director Gillian Beth Zucker received an award of 996 shares of Class A common stock, reported at a price of $0.00 per share. After this grant, she directly holds a total of 6,529 Class A common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zucker Gillian Beth

Role null

Type	Security	Shares	Price	Value
Grant/Award	CLASS A COMMON STOCK	996	$0.00	--

Holdings After Transaction: CLASS A COMMON STOCK — 6,529 shares (Direct, null)

Footnotes (1)

Key Figures

Shares awarded: 996 shares Award price: $0.00 per share Shares held after: 6,529 shares

3 metrics

Shares awarded 996 shares Class A common stock grant on transaction date

Award price $0.00 per share Reported grant price for Class A common stock

Shares held after 6,529 shares Total direct Class A holdings after award

Key Terms

Grant, award, or other acquisition, CLASS A COMMON STOCK, Form 4

3 terms

Grant, award, or other acquisition financial

"transaction code description is "Grant, award, or other acquisition" for this entry"

CLASS A COMMON STOCK financial

"security_title is listed as "CLASS A COMMON STOCK" for the transaction"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describes the reported insider transaction"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Zucker Gillian Beth

(Last) (First) (Middle)

C/O HOULIHAN LOKEY, INC.

10250 CONSTELLATION BLVD., 5TH FLOOR

(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)
			Code	V	Amount	(A) or (D)	Price
CLASS A COMMON STOCK	05/21/2026		A		996	A	$0	6,529	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	J. Lindsey Alley, Attorney-in-Fact for Gillian B. Zucker	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)

FAQ

What insider transaction did HLI director Gillian Beth Zucker report?

Director Gillian Beth Zucker reported receiving 996 shares of Class A common stock as an award. The shares were recorded at $0.00 per share and increased her direct holdings to 6,529 shares following the transaction.

Was the HLI insider transaction a purchase or a grant?

The HLI insider transaction was a grant or award, not an open‑market purchase. Form 4 lists transaction code A, described as a grant, award, or other acquisition, with 996 Class A common shares received at a stated price of $0.00 per share.

How many HOULIHAN LOKEY (HLI) shares does the director hold after this filing?

Following the reported grant, director Gillian Beth Zucker directly holds 6,529 shares of HOULIHAN LOKEY Class A common stock. This total includes the newly awarded 996 shares disclosed in the Form 4 insider transaction report filed for the stated transaction date.

Does the HLI Form 4 show any insider share sales?

The Form 4 does not show any insider share sales in this transaction. It reports a single acquisition event coded A, representing a grant or award of 996 Class A common shares, bringing the director’s direct holdings to 6,529 shares afterward.

What is transaction code A in the HLI insider filing?

Transaction code A in the HLI insider filing indicates a grant, award, or other acquisition of securities. In this case, it reflects 996 shares of Class A common stock awarded to director Gillian Beth Zucker at a reported price of $0.00 per share.