Houlihan Lokey (NYSE: HLI) CFO adds 4,020 shares in open-market buy

Rhea-AI Filing Summary

Houlihan Lokey’s Chief Financial Officer purchased 4,020 shares of Class A common stock in open‑market transactions on August 3, 2026. The filing reports a weighted average purchase price of $124.52 per share, with individual trades executed at prices ranging from $122.96 to $126.07 per share. Following this transaction, the officer directly owns 4,020 shares of the company’s Class A common stock. The transaction is marked as not made pursuant to a Rule 10b5‑1 trading plan, indicating a discretionary open‑market purchase.

Insider Trade Summary

Net Buyer: 4,020 shares

Net Buy 1 txn

Insider ALLEY J LINDSEY

Role Chief Financial Officer

Bought 4,020 shs ($501K)

Type	Security	Shares	Price	Value
Purchase	CLASS A COMMON STOCK F1	4,020	$124.52	$501K

Holdings After Transaction: CLASS A COMMON STOCK — 4,020 shares (Direct)

Footnotes (1)

1. F1. Per share price reflects the weighted average price in a series of open market purchases on August 3, 2026 at prices ranging from $122.96 per share to $126.07 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range identified in this footnote.

Key Figures

Shares purchased: 4,020 shares Weighted average purchase price: $124.52 per share Price range of purchases: $122.96–$126.07 per share +1 more

4 metrics

Shares purchased 4,020 shares Class A common stock bought on August 3, 2026

Weighted average purchase price $124.52 per share Average price for open‑market purchases on August 3, 2026

Price range of purchases $122.96–$126.07 per share Range of individual trade prices on August 3, 2026

Shares owned after transaction 4,020 shares Direct ownership of Class A common stock after purchase

Key Terms

weighted average price, open market purchases, per share price, Securities and Exchange Commission

4 terms

weighted average price financial

"Per share price reflects the weighted average price in a series of open market purchases"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market purchases financial

"weighted average price in a series of open market purchases on August 3, 2026"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

per share price financial

"Per share price reflects the weighted average price in a series of open market purchases"

Securities and Exchange Commission regulatory

"or the staff of the Securities and Exchange Commission, upon request, full information"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 05:15 PM Accepted by SEC EDGAR 08/05/2026 - 05:15 PM Learn about SEC filing dates

FAQ

What insider transaction did Houlihan Lokey (HLI) report in this Form 4?

Houlihan Lokey reported that its Chief Financial Officer bought 4,020 shares of Class A common stock. The shares were acquired in open‑market purchases on August 3, 2026, and are held as direct ownership following the transaction.

How many HLI shares did the CFO buy and at what price range?

The CFO bought 4,020 shares of Houlihan Lokey Class A common stock at a weighted average price of $124.52 per share. Individual trades occurred in open‑market purchases at prices ranging from $122.96 to $126.07 per share.

When did the Houlihan Lokey (HLI) CFO purchase the 4,020 shares?

The purchase occurred on August 3, 2026. On that date, the CFO executed a series of open‑market trades in Houlihan Lokey’s Class A common stock, all of which are aggregated into the reported 4,020‑share Form 4 transaction.

Was the Houlihan Lokey (HLI) CFO’s stock purchase under a Rule 10b5-1 plan?

The transaction is marked as not made pursuant to a Rule 10b5‑1 trading plan. This indicates the August 3, 2026 open‑market purchases were discretionary rather than executed under a pre‑arranged trading program.

How many Houlihan Lokey (HLI) shares does the CFO own after this trade?

After the reported transaction, the CFO directly owns 4,020 shares of Houlihan Lokey Class A common stock. The Form 4 lists this amount as the total shares following the transaction, all held in direct ownership.

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^*

ALLEY J LINDSEY

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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	08/03/2026		P		4,020	A	$124.52(1)	4,020	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:

1. Per share price reflects the weighted average price in a series of open market purchases on August 3, 2026 at prices ranging from $122.96 per share to $126.07 per share. The reporting person undertakes to provide to Houlihan Lokey, Inc., and security holder of Houlihan Lokey, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range identified in this footnote.

Remarks:

	J. Lindsey Alley	08/05/2026
	** 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)