Family trust of Hamilton Lane (HLNE) director adds 10,000 Class A shares

Rhea-AI Filing Summary

Hamilton Lane Inc. director David J. Berkman reported an indirect open-market purchase of Class A Common Stock. A family trust named The 2006 Berkman Trust for David J. Berkman Family bought 10,000 shares at $101 per share, resulting in indirect ownership of 10,000 shares. Separately, Berkman is shown with 25,000 shares of Class A Common Stock held directly after the reported transactions.

Insider Trade Summary

Net Buyer: 10,000 shares ($1,010,000)

Net Buy 2 txns

Insider BERKMAN DAVID J

Role Director

Bought 10,000 shs ($1.01M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	10,000	$101.00	$1.01M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 10,000 shares (Indirect, By: The 2006 Berkman Trust for David J. Berkman Family); Class A Common Stock — 25,000 shares (Direct)

Footnotes (1)

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^*

BERKMAN DAVID J

(Last) (First) (Middle)

C/O HAMILTON LANE INCORPORATED

110 WASHINGTON STREET, SUITE 1300

(Street)

CONSHOHOCKEN PA 19428

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hamilton Lane INC [ HLNE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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	02/24/2026		P		10,000	A	$101	10,000	I	By: The 2006 Berkman Trust for David J. Berkman Family
Class A Common Stock								25,000	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:

	/s/ Lauren Platko, attorney-in-fact	02/25/2026
	** 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.

FAQ

What insider transaction did Hamilton Lane (HLNE) disclose for David J. Berkman?

Hamilton Lane disclosed that director David J. Berkman reported an indirect open-market purchase of 10,000 shares of Class A Common Stock at $101 per share through a family trust. The filing also shows he holds 25,000 shares directly following the reported transactions.

How many Hamilton Lane (HLNE) shares did the Berkman family trust buy?

The 2006 Berkman Trust for David J. Berkman Family bought 10,000 shares of Hamilton Lane Class A Common Stock. The shares were acquired in an open-market purchase at a reported price of $101 per share, establishing an indirect ownership position of 10,000 shares for the reporting person.

Is David J. Berkman’s Hamilton Lane (HLNE) purchase direct or through an entity?

The reported Hamilton Lane share purchase is indirect. The 10,000 Class A shares were acquired by The 2006 Berkman Trust for David J. Berkman Family, which is noted as the nature of ownership. Berkman is separately listed with directly held ownership of 25,000 Class A shares.

What price was paid for the Hamilton Lane (HLNE) shares in this Form 4?

The filing shows an open-market purchase price of $101 per share for Hamilton Lane Class A Common Stock. At this price, the family trust acquired 10,000 shares, creating a new indirect ownership position for the reporting person in addition to his directly held shares.

How many Hamilton Lane (HLNE) shares does David J. Berkman hold after the transactions?

After the reported transactions, David J. Berkman is shown with 10,000 shares of Hamilton Lane Class A Common Stock held indirectly through a family trust and 25,000 shares held directly. The Form 4 distinguishes clearly between indirect and direct ownership positions in the issuer’s stock.

What does the unknown transaction entry mean in the Hamilton Lane (HLNE) Form 4?

The Form 4 includes a second entry labeled as a holding with an unknown transaction code, showing 25,000 shares directly owned after the event. This line updates Berkman’s direct ownership balance but does not specify a buy or sell transaction associated with that change.