Hamilton Lane (HLNE) Co-CEO Delgado-Moreira adds 9,225 shares in open-market buys

Rhea-AI Filing Summary

Hamilton Lane Inc. Co-CEO Juan Delgado-Moreira bought additional shares of the company’s stock. On Class A common stock, he made two open-market purchases totaling 9,225 shares at weighted average prices of $107.1024 and $107.5798 per share, increasing his direct holdings to 1,338,047 Class A shares. He also holds 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 the performance period ends on September 16, 2031.

Insider Trade Summary

Net Buyer: 9,225 shares ($989,311)

Net Buy 3 txns

Insider Delgado-Moreira Juan

Role Co-Chief Executive Officer

Bought 9,225 shs ($989K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	6,520	$107.1024	$698K
Purchase	Class A Common Stock	2,705	$107.5798	$291K
holding	Performance Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,335,342 shares (Direct); Performance Stock — 544,000 shares (Direct)

Footnotes (1)

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 $106.52 to $107.50 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. The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock were purchased in multiple transactions at prices ranging from $107.52 to $107.96 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. 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.

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^*

Delgado-Moreira Juan

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		P		6,520	A	$107.1024(1)	1,335,342(2)	D
Class A Common Stock	02/20/2026		P		2,705	A	$107.5798(3)	1,338,047(2)	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
Performance Stock	(4)							(4)	(4)	Class A Common Stock	544,000		544,000	D

Explanation of Responses:

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 $106.52 to $107.50 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.

2. Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.

3. The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock were purchased in multiple transactions at prices ranging from $107.52 to $107.96 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.

4. 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.

Remarks:

In addition to serving as an officer and director of the Issuer, the reporting person is a member of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock.

	/s/ Lauren Platko, attorney-in-fact	02/24/2026
	** 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) report for Juan Delgado-Moreira?

Hamilton Lane (HLNE) reported that Co-Chief Executive Officer Juan Delgado-Moreira purchased 9,225 shares of Class A common stock in the open market. These buys occurred at weighted average prices just above $107 per share, increasing his direct equity stake in the company.

How many Hamilton Lane (HLNE) shares does Juan Delgado-Moreira own after this Form 4?

After the reported transactions, Juan Delgado-Moreira directly holds 1,338,047 shares of Hamilton Lane (HLNE) Class A common stock. In addition, he is credited with 544,000 shares of performance stock that may convert into Class A shares if specific price-based vesting conditions are met.

At what prices did Juan Delgado-Moreira buy Hamilton Lane (HLNE) stock?

Juan Delgado-Moreira purchased Hamilton Lane (HLNE) Class A common stock at weighted average prices of $107.1024 and $107.5798 per share. Each reported price reflects multiple trades within narrow intraday ranges, with detailed trade-level breakdowns available upon request from the issuer or regulators.

What is the performance stock held by Hamilton Lane (HLNE) Co-CEO Delgado-Moreira?

The performance stock held by Hamilton Lane (HLNE) Co-CEO Delgado-Moreira represents 544,000 contingent rights to receive Class A shares. Each unit converts to one share only if the company’s stock achieves specified price thresholds before the performance period ends on September 16, 2031, aligning awards with market performance.

Is the Hamilton Lane (HLNE) performance stock immediately vested for Delgado-Moreira?

The Hamilton Lane (HLNE) performance stock held by Delgado-Moreira is not immediately vested. Each performance share vests only when the Class A common stock reaches predetermined price targets, and the performance period for satisfying these conditions runs through September 16, 2031, according to the disclosure.