COO of Hamilton Lane (HLNE) buys 2,325 Class A shares at $107.53
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Lane Inc. COO Andrea Anigati Kramer reported an open-market purchase of 2,325 shares of Class A common stock at a weighted average price of $107.5318 per share on February 20, 2026, acquired through the company’s Employee Share Purchase Plan. After this trade, her directly held Class A common stock increased to 65,761 shares. She also previously received two equity awards of 46 Class A shares each on September 30, 2025 and December 31, 2025. The filing notes additional holdings of performance stock that may convert into Class A shares if total shareholder return or share-price targets are met, with performance periods ending in 2029, 2030, and 2031, as well as Class B and Class C units that are exchangeable on a one-for-one basis into Class A common stock or cash pursuant to an exchange agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,325 shares ($250,011)
Net Buy
10 txns
Insider
Kramer Andrea Anigati
Role
Chief Operating Officer
Bought
2,325 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 2,325 | $107.5318 | $250K |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Performance Stock | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class C Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| Grant/Award | Class A Common Stock | 46 | $114.16 | $5K |
| Grant/Award | Class A Common Stock | 46 | $114.57 | $5K |
Holdings After Transaction:
Class A Common Stock — 65,761 shares (Direct);
Performance Stock — 2,033 shares (Direct);
Class B Units — 135,970 shares (Indirect, See footnote);
Class C Units — 195,317 shares (Indirect, See footnote);
Class A Common Stock — 17,913 shares (Indirect, See footnote.);
Class B Common Stock — 135,970 shares (Direct)
Footnotes (1)
- These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d). 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, $0.001 par value per share (the "Class A Common Stock") were purchased in multiple transactions at prices ranging from $107.485 to $107.61 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. The securities reported in this row are owned by The Andrea Anigati IRA Equity Trust Company, d.b.a. Sterling Trust, Custodian FBO Andrea Anigati IRA. Ms. Anigati Kramer serves as the trustee of this trust. 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 of the Issuer. The performance stock vests at the end of the performance period if the Issuer's Class A common stock achieves a specified growth rate of TSR over the performance period. The performance period of the performance stock ends on September 16, 2030. 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. 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, 2029. 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 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 and Class C Units of HLA do not have an expiration date. Held on behalf of the reporting person by HL Management Investors, LLC.
FAQ
What insider transaction did HLNE’s COO report on this Form 4?
Hamilton Lane’s COO Andrea Anigati Kramer reported buying 2,325 Class A shares at a weighted average price of $107.5318 on February 20, 2026. The purchase increased her directly held Class A common stock position to 65,761 shares, according to the Form 4 filing.
Was the HLNE COO purchase an open-market transaction or an award?
The 2,325-share acquisition on February 20, 2026 was an open-market style purchase executed under Hamilton Lane’s Employee Share Purchase Plan. Separately, the Form 4 also shows prior equity awards of 46 Class A shares on September 30, 2025 and 46 shares on December 31, 2025.
What performance stock awards does the HLNE COO hold according to this filing?
The COO holds performance stock, each share representing a contingent right to receive one Class A share. Vesting depends on achieving total shareholder return or share-price targets, with performance periods ending on September 16, 2029, September 16, 2030, and September 16, 2031, as described in the footnotes.
How are Hamilton Lane Class B and Class C units treated in this Form 4?
Class B and Class C units of Hamilton Lane Advisors, L.L.C. are exchangeable one-for-one into Class A common stock or, at the issuer’s election, cash. Upon exchange of a Class B Unit, the related Class B common stock is redeemed at par value and cancelled, with no expiration date for the units.