Hamilton Lane (HLNE) Co-CEO Hirsch adds 9,225 Class A shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Lane Inc. director and Co-CEO Erik R. Hirsch purchased 9,225 shares of Class A common stock in an open-market transaction at a weighted average price of $107.1285 per share on February 20, 2026. Following this purchase, he directly holds 70,494 Class A shares, which include unvested restricted stock granted under the 2017 Equity Incentive Plan. He also has 544,000 shares of performance stock, each representing a contingent right to one Class A share that vests only if the stock reaches specified price targets before September 16, 2031.
Separately, 809,781 Class B Units of Hamilton Lane Advisors, L.L.C. are held on his behalf by HL Management Investors, LLC; each unit is exchangeable on a one-for-one basis for Class A common stock or, at the issuer’s election, cash, and has no expiration date. A corresponding 809,781 shares of Class B common stock, which carry ten votes per share but limited economic value, remain outstanding in connection with these units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,225 shares ($988,260)
Net Buy
4 txns
Insider
Hirsch Erik R.
Role
Co-Chief Executive Officer
Bought
9,225 shs ($988K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 9,225 | $107.1285 | $988K |
| holding | Performance Stock | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 70,494 shares (Direct);
Performance Stock — 544,000 shares (Direct);
Class B Units — 809,781 shares (Indirect, See footnote);
Class B Common Stock — 809,781 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares of Class A common stock, $0.001 par value per share (the "Class A Common Stock") were purchased in multiple transactions at prices ranging from $106.71 to $107.26 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares of Class A Common Stock purchased at each separate price within the range set forth in this footnote. Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan. Since the date of the Reporting Person's last ownership report, Reporting Person transferred 59,006 shares of Class A Common Stock and 300,000 shares of Class B common stock of the Issuer to his ex-spouse pursuant to a domestic relations order. The Reporting Person no longer reports as beneficially owned any securities owned by his ex-spouse. The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote. Each share of performance stock represents a contingent right to receive one share of Class A common stock. The performance stock vests upon the Issuer's Class A common stock achieving a specified price per share. The performance period of the performance stock ends on September 16, 2031. Pursuant to an Exchange Agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering, the Class B Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units of HLA do not have an expiration date. Held on behalf of the reporting person by HL Management Investors, LLC.
FAQ
What did Hamilton Lane (HLNE) Co-CEO Erik R. Hirsch report in this Form 4?
Erik R. Hirsch reported buying 9,225 Hamilton Lane Class A shares in the open market. The weighted average purchase price was $107.1285 per share, increasing his direct Class A holdings to 70,494 shares, including unvested restricted stock granted under the 2017 Equity Incentive Plan.
At what price did Erik R. Hirsch buy Hamilton Lane (HLNE) Class A stock?
Hirsch bought the Class A shares at a weighted average price of $107.1285 per share. The filing explains the purchase occurred through multiple trades between $106.71 and $107.26 per share, and he can provide full trade breakdowns upon request to interested parties.
What performance stock holdings does Erik R. Hirsch report for Hamilton Lane (HLNE)?
Hirsch reports 544,000 shares of performance stock, each representing a contingent right to one Class A share. These awards vest only if Hamilton Lane’s Class A stock hits specified price targets before the performance period ends on September 16, 2031, as detailed in the footnotes.
What are the Class B Units and Class B common stock reported in the HLNE Form 4?
The filing lists 809,781 Class B Units of Hamilton Lane Advisors, L.L.C., held on Hirsch’s behalf by HL Management Investors, LLC. Each unit can be exchanged one-for-one for Class A shares or cash, and is paired with Class B common stock carrying ten votes per share but limited economic value.