Hamilton Lane (HLNE) COO buys 1,283 Class A shares in open market
Rhea-AI Filing Summary
Hamilton Lane Inc. Chief Operating Officer Andrea Anigati Kramer made an open-market purchase of 1,283 shares of Class A common stock at $77.46 per share. Following this buy on June 11, 2026, she directly holds 87,350 Class A shares.
She also holds 135,970 shares of Class B common stock, which carry ten votes per share but minimal economic value. In addition, she has indirect interests in Class B and Class C Units of Hamilton Lane Advisors, L.L.C. and several tranches of performance stock, each generally convertible on a one-for-one basis into Class A shares if specified price or total shareholder return conditions are met through performance periods ending between 2029 and 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,283 shares
Net Buy
7 txns
Insider
Kramer Andrea Anigati
Role
Chief Operating Officer
Bought
1,283 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 1,283 | $77.46 | $99K |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class C Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 87,350 shares (Direct);
Performance Stock — 20,512 shares (Direct);
Class B Units — 135,970 shares (Indirect, See footnote);
Class C Units — 195,317 shares (Indirect, See footnote);
Class B Common Stock — 135,970 shares (Direct)
Footnotes (7)
- F1. Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- F2. 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.
- F3. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests upon the Issuer's Class A Shares achieving a specified price per share. The performance period of the performance stock ends on September 16, 2031.
- F4. Each share of performance stock represents a contingent right to receive one Class A Share of the Issuer. The performance stock vests at the end of the performance period if the Issuer's Class A Shares achieves a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2030.
- F5. Each share of performance stock represents a contingent right to receive one Class A Share. The performance stock vests upon the Issuer's Class A Shares achieving a specified price per share. The performance period of the performance stock ends on September 16, 2029.
- F6. Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for Class A Shares 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 and Class C Units of HLA do not have an expiration date.
- F7. Held on behalf of the reporting person by HL Management Investors, LLC.
Key Figures
Open-market purchase: 1,283 shares
Purchase price: $77.46/share
Direct Class A holdings: 87,350 shares
+5 more
8 metrics
Open-market purchase
1,283 shares
Class A common stock bought on June 11, 2026
Purchase price
$77.46/share
Price paid for Class A shares in open market
Direct Class A holdings
87,350 shares
Class A common stock held directly after transaction
Class B common stock
135,970 shares
High-vote Class B common with ten votes per share
Class C Units underlying
195,317 shares
Class A shares underlying Class C Units, indirect ownership
Class B Units underlying
135,970 shares
Class A shares underlying Class B Units, indirect ownership
Performance stock tranche
13,044 shares
Performance stock convertible into Class A, price-based vesting by Sept 16, 2031
TSR-based performance tranche
2,033 shares
Performance stock vesting on TSR growth by Sept 16, 2030
Key Terms
performance stock, total shareholder return (TSR), Class B common stock, Class B Units, +2 more
6 terms
performance stock financial
"Each share of performance stock represents a contingent right to receive one Class A Share."
Class B common stock financial
"The Class B common stock does not carry economic value beyond the right to receive the par value..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class B Units financial
"the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable..."
Class C Units financial
"the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable..."
Exchange Agreement financial
"Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering..."
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
FAQ
What insider transaction did Hamilton Lane (HLNE) report for Andrea Anigati Kramer?
Hamilton Lane reported that COO Andrea Anigati Kramer bought 1,283 Class A shares at $77.46 each. This open-market purchase on June 11, 2026 increased her direct Class A holdings to 87,350 shares, signaling an incremental increase in her equity exposure.
What is special about Hamilton Lane (HLNE) Class B common stock held by Andrea Anigati Kramer?
Her 135,970 shares of Class B common stock have limited economic value but provide ten votes per share on shareholder matters. On liquidation or exchange, they generally return only par value, making them primarily a high-vote governance instrument rather than an economic one.
What are Hamilton Lane (HLNE) Class B and Class C Units referenced in Andrea Anigati Kramer’s Form 4?
Class B and Class C Units of Hamilton Lane Advisors, L.L.C. are exchangeable one-for-one into Class A shares or cash under an Exchange Agreement. Upon exchanging a Class B Unit, the corresponding Class B common share is redeemed at par value and cancelled, simplifying the capital structure.
How do Hamilton Lane (HLNE) performance stock awards work for Andrea Anigati Kramer?
Each performance stock share represents a contingent right to receive one Class A share. Vesting depends on achieving specified Class A share price levels or total shareholder return growth, with performance periods ending on September 16, 2029, 2030, and 2031 for different tranches.
Are any of Andrea Anigati Kramer’s Hamilton Lane (HLNE) holdings unvested or contingent?
Yes. The filing notes unvested restricted stock under the 2017 Equity Incentive Plan and multiple performance stock tranches. These performance awards convert into Class A shares only if preset price or total shareholder return conditions are met within the stated performance periods.
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