HLNE Form 4: Director Reynoldo Vann Receives 333 Restricted Shares

Rhea-AI Filing Summary

Hamilton Lane director Reynoldo Vann received 333 restricted shares of Class A common stock on 09/16/2025 as compensation for board service under the company's Amended and Restated 2017 Equity Incentive Plan. The award was issued at no cash price and the shares vest one year from the transaction date. After the issuance, Mr. Vann directly beneficially owns 1,681 shares of Class A common stock. The Form 4 also discloses that he is the custodian of two custodial accounts holding additional Class A shares for his younger and older children. The filing was signed by an attorney-in-fact on 09/18/2025.

Positive

• Board compensation disclosed transparently: 333 restricted shares granted and vesting schedule provided
• Compliance detail: Form 4 includes transaction date, code, post-transaction beneficial ownership, and signature

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received standard restricted stock award for service; vesting schedule aligns incentives with continued board service.

The 333-share restricted stock grant to a director is a routine equity-based compensation mechanism to align director incentives with shareholder interests. Vesting one year after grant encourages continued service through the next annual cycle. Reporting of custodial holdings for minor beneficiaries clarifies indirect beneficial ownership and complies with Section 16 disclosure rules. The direct ownership level (1,681 shares) and the custodial holdings are disclosed, aiding transparency but not indicating material control changes.

Securities Compliance Analyst

TL;DR: Filing properly discloses an award and custodial holdings; signatures and dates appear complete.

The Form 4 includes required elements: reporting person identification, issuer and ticker, transaction date (09/16/2025), transaction code (A) for acquisition, amount acquired (333 shares), post-transaction beneficial ownership (1,681 shares), and explanatory footnotes describing custodial accounts. The award price is reported as $0 consistent with compensation grants. The form is signed by an attorney-in-fact on 09/18/2025 which is acceptable when properly authorized. No derivative transactions or other dispositions are reported.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Graves Reynoldo Vann

(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)
09/16/2025

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	09/16/2025		A		333(1)	A	$0	1,681	D
Class A Common Stock								5	I	See footnote(2)
Class A Common Stock								5	I	See footnotes(3)

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. Represents the number of shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's Amended and Restated 2017 Equity Incentive Plan in consideration of the reporting person's service on the board of directors of the Issuer. The shares vest one year from the transaction date.

2. The reporting person is the custodian of the account holding Class A common stock of the Issuer on behalf of his younger child.

3. The reporting person is the custodian of the account holding Class A common stock of the Issuer on behalf of his older child.

Remarks:

	/s/ Lauren Platko, attorney-in-fact	09/18/2025
	** 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 did Hamilton Lane director Reynoldo Vann report on Form 4 (HLNE)?

He reported the acquisition of 333 restricted shares of Class A common stock on 09/16/2025 as board compensation; the shares vest one year from the transaction date.

How many Class A shares does Reynoldo Vann beneficially own after the transaction?

The filing reports 1,681 shares of Class A common stock beneficially owned by Mr. Vann following the reported transaction.

Were any derivative securities reported by the insider in this Form 4 filing?

No. Table II for derivative securities contains no reported transactions or holdings in the filing.

What is the nature of the custodial holdings disclosed in the Form 4?

The reporting person is the custodian of accounts holding Class A common stock on behalf of his younger and older children, per footnotes in the filing.

At what price were the 333 restricted shares issued to the director?

The filing lists the price as $0, reflecting an equity award granted as compensation under the equity incentive plan.