Every Form 4 that Houlihan Lokey, Inc. (HLI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow HLI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HLI filings page.
HOULIHAN LOKEY, INC. (HLI) reported that its General Counsel, Christopher M. Crain, converted 1,000 shares of Class B Common Stock into 1,000 shares of Class A Common Stock on September 10, 2026 and sold the 1,000 Class A shares at $140.15 per share. After these transactions, Crain continues to have indirect ownership of 51,328 shares of Class B Common Stock (convertible one-for-one into Class A) held through the HL Voting Trust, over which he retains investment control and dispositive power. No Rule 10b5-1 trading plan is reported.
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.
Houlihan Lokey co-chairman Paul Eric Siegert received a grant of 19,815 shares of Class B Common Stock under the company’s 2016 Incentive Award Plan. These shares vest in four equal annual installments following the grant date.
The same 19,815 Class B shares are associated with underlying Class A Common Stock on a one-for-one conversion basis and have no expiration date. Following related voting trust transactions, Siegert holds 395,113 Class B shares indirectly through the HL Voting Trust, while 19,815 Class B shares are held directly.
CRAIN CHRISTOPHER M reported acquisition or exercise transactions in this Form 4 filing.
Houlihan Lokey’s General Counsel Christopher M. Crain reported an equity award and a voting trust transaction involving the company’s Class B Common Stock. He received a grant of 3,197 shares of Class B Common Stock under the 2016 Incentive Award Plan, which vest in four equal annual installments following the grant date. Separately, 3,197 shares of Class B Common Stock were deposited into the HL Voting Trust, where he retains investment control and dispositive power, bringing the Voting Trust’s holdings to 52,328 shares of Class B Common Stock.
Adelson Scott Joseph reported acquisition or exercise transactions in this Form 4 filing.
Houlihan Lokey CEO Scott Adelson reported equity awards and a voting trust transaction. He received 13,952 shares of Class B Common Stock under the 2016 Incentive Award Plan, vesting in four equal annual installments following the grant date.
He was also granted 3,322 performance shares of Class B Common Stock that vest over four years if revenue-growth performance goals are met, with unearned installments forfeited. Separately, 17,274 shares of Class B Common Stock were moved in a voting trust transaction, leaving 885,102 shares of this class held indirectly through the HL Voting Trust. Class B is convertible into Class A Common Stock on a one-for-one basis and has no expiration date.
ALLEY J LINDSEY reported acquisition or exercise transactions in this Form 4 filing.
HOULIHAN LOKEY, INC. reported that Chief Financial Officer Lindsey J. Alley received equity awards and restructured part of her holdings. On May 21, 2026, she was granted 3,778 shares of Class B Common Stock that vest in four equal annual installments. She was also granted 3,322 performance shares of Class B Common Stock that vest over four years only if revenue growth goals are met, with unearned installments forfeited. The same day, 7,100 Class B shares were deposited into the HL Voting Trust, while she retains investment control and dispositive power. Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis and has no expiration date.
Houlihan Lokey, Inc. director and co-chairman Scott L. Beiser converted and sold a small block of shares. On May 21, 2026, he converted 6,265 shares of Class B common stock into Class A common stock and then sold the same 6,265 Class A shares in an open-market transaction at a weighted average price of $150.26 per share, within a range of $149.83 to $150.89 per share. Following these transactions, he reported no directly held Class A shares, while remaining a trustee of the HL Voting Trust with an indirect pecuniary interest in 787,651 shares of Class B common stock, which are convertible into Class A common stock on a one-for-one basis and have no expiration date.
Houlihan Lokey director Cyrus D. Walker received an equity grant of 996 shares of Class A common stock. The award was recorded at a price of $0.00 per share, indicating a grant or similar acquisition rather than an open-market purchase. Following this award, Walker directly owns 7,111 shares of Houlihan Lokey’s Class A common stock, giving a clearer view of his current equity stake in the company.
Houlihan Lokey director Bassey Ekpedeme M received 797 shares of Class A common stock as a grant. The shares were acquired at no cash price to the director and are classified as a grant, award, or other acquisition. Following this transaction, the director directly holds 6,424 shares of Class A common stock.
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.
Houlihan Lokey director Paul Andrew Zuber reported an indirect acquisition of 797 shares of Class A common stock described as a grant, award, or other acquisition. The shares are held indirectly through an LLC. Following this transaction, his indirect holdings reported in this filing total 7,005 shares of Class A common stock.
SCHRIESHEIM ROBERT A reported acquisition or exercise transactions in this Form 4 filing.
Houlihan Lokey director Robert A. Schriesheim received a grant of 1,129 shares of Class A common stock. The award was reported at a price of $0.00 per share, indicating a compensation-related share grant rather than an open-market purchase. Following this transaction, he directly holds 29,111 Class A shares.
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.
Houlihan Lokey co-chairman Paul Eric Siegert reported a tax-withholding share disposition through the HL Voting Trust. On the vesting of existing awards under the 2016 Incentive Award Plan, 9,359 shares of Class B common stock were withheld at $150.35 per share to cover taxes. Following this, 375,298 Class B shares are held indirectly by the HL Voting Trust, which holds stock that is convertible into Class A common stock on a one-for-one basis with no expiration date.
Houlihan Lokey General Counsel Christopher M. Crain reported a tax-related share disposition. On this Form 4, 2,107 shares of Class B common stock were withheld at a price of $150.35 per share to cover taxes upon vesting of existing awards under the 2016 Incentive Award Plan.
The shares are held indirectly through the HL Voting Trust, over which Crain retains investment control and dispositive power. After this tax-withholding transaction, he indirectly holds 49,131 shares of Class B common stock, which is convertible into Class A common stock on a one-for-one basis and has no expiration date.
Houlihan Lokey director Todd J. Carter reported a routine tax-withholding transaction involving 13,707 shares of Class B Common Stock held indirectly through the HL Voting Trust. These shares were withheld to cover taxes upon vesting of existing awards under the 2016 Incentive Award Plan. After the disposition, 76,198 shares of Class B Common Stock remain held by the HL Voting Trust, which are convertible into Class A Common Stock on a one-for-one basis with no expiration date.
Houlihan Lokey director and co-chairman Irwin Gold, as trustee of the HL Voting Trust, reported a tax-related share disposition. The trust had 4,619 shares of Class B common stock withheld at $150.35 per share to cover taxes on vesting awards under the 2016 Incentive Award Plan.
Following this tax-withholding disposition, the HL Voting Trust holds 1,061,766 shares of Class B common stock, which are convertible into Class A common stock on a one-for-one basis and have no expiration date.
Houlihan Lokey director and co-chairman Scott L. Beiser reported a tax-withholding share disposition through the HL Voting Trust. On the transaction date, 6,497 shares of Class B Common Stock were withheld to cover taxes upon vesting of awards under the 2016 Incentive Award Plan, leaving 793,916 shares held indirectly. The Class B shares are convertible into Class A Common Stock on a one-for-one basis and have no expiration date.
Houlihan Lokey Chief Financial Officer Lindsey J. Alley reported a routine tax-related share disposition. On the vesting of existing equity awards under the 2016 Incentive Award Plan, 2,983 shares of Class B common stock held through the HL Voting Trust were withheld at a reference price of $150.35 per share to cover tax obligations. After this withholding, Alley indirectly holds 67,372 shares of Class B common stock through the trust, over which investment control and dispositive power are retained. This Form 4 reflects compensation-related tax withholding rather than an open-market sale.
Houlihan Lokey CEO Scott Joseph Adelson, through the HL Voting Trust, reported a tax-withholding disposition of 11,093 shares of Class B Common Stock on May 15, 2026. The shares were valued at $150.35 per share and were withheld to cover taxes upon vesting of awards.
Following this non-market transaction, indirect holdings held via the HL Voting Trust totaled 867,828 shares. The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis and has no expiration date.
Houlihan Lokey General Counsel Christopher M. Crain reported a small, pre-planned share sale combined with a share class conversion. On April 1, 2026, he converted 500 shares of Class B Common Stock into 500 shares of Class A Common Stock on a one-for-one basis, then sold the 500 Class A shares at $143.40 per share under a Rule 10b5-1 trading plan adopted on November 18, 2024. Following these direct transactions, he no longer holds these shares directly but continues to have investment control and dispositive power over 51,238 shares of Class B Common Stock held indirectly through the HL Voting Trust, which are convertible into an equal number of Class A shares.
Houlihan Lokey, Inc. director Robert A. Schriesheim reported selling 5,000 shares of Class A common stock on February 6, 2026, at a price of $170.86 per share. After this transaction, he beneficially owns 27,982 shares of Houlihan Lokey common stock, held in direct ownership.
Houlihan Lokey, Inc. reported an insider transaction by its General Counsel, Christopher M. Crain. On 01/02/2026, Crain converted 500 shares of Class B common stock into 500 shares of Class A common stock at an exercise price of $0, then sold those 500 Class A shares at $174.17 per share, leaving no Class A shares held directly.
The filing notes that Class B common stock is convertible into Class A on a one-for-one basis and has no expiration date. After the reported transactions, Crain had 51,738 shares of Class B common stock indirectly beneficially owned through the HL Voting Trust, over which he retains investment control and dispositive power. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 18, 2024.
Houlihan Lokey, Inc. insider activity: Co-chairman, director and 10% owner Irwin N. Gold reported a share conversion and charitable donation. On December 5, 2025, he converted 5,000 shares of Class B Common Stock into 5,000 shares of Class A Common Stock at an exercise price of $0, reflecting the one-for-one convertibility of Class B into Class A shares.
That same day, he made a charitable donation of 5,000 shares of Class A Common Stock, receiving no value for the shares, which reduced his directly held Class A position to 0 shares. Separately, the filing shows 1,066,385 shares of Class A Common Stock held indirectly through the HL Voting Trust, where Gold is a trustee with shared voting control and a pecuniary interest.
Houlihan Lokey (HLI) insider Scott L. Beiser reported a conversion and a charitable gift of company stock. On November 10, 2025, he converted 8,000 shares of Class B into 8,000 shares of Class A at $0, then donated 8,000 shares of Class A at $0.
Following these transactions, his direct Class A holdings were 0 shares. He reports 800,413 shares of Class A beneficially owned indirectly via the HL Voting Trust. The filing notes Class B converts to Class A on a one-for-one basis and has no expiration.
Houlihan Lokey (HLI): Form 4 insider equity grant. Director Ronald Scott Mund reported an award of 483 restricted shares of Class A common stock on 10/01/2025. The grant was recorded at a price of $0 per share under the company’s Amended and Restated 2016 Incentive Award Plan. These restricted shares vest in substantially equal installments on the first, second, and third anniversaries of the grant date, subject to continued service. Following the transaction, he beneficially owns 483 shares directly.