Hamilton Lane (HLNE) Co-CEO Erik Hirsch granted 42,145 restricted Class A shares
Rhea-AI Filing Summary
Hirsch Erik R. reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Lane Inc. Co-CEO Erik R. Hirsch reported a stock award, not an open-market trade. He received 42,145 shares of Class A common stock as a grant under the company’s 2017 Equity Incentive Plan, bringing his direct Class A holdings to 105,727 shares.
The award consists of 12,145 restricted shares tied to his 2026 annual bonus and 30,000 restricted shares from a previously announced annual share award. These restricted shares vest in four equal annual installments starting on May 29, 2027. Hirsch also holds Class B common stock with ten votes per share but minimal economic value, as well as performance stock and Class B units that each correspond one-for-one to Class A shares, giving additional contingent or indirect exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,145 shares
Net Buy
4 txns
Insider
Hirsch Erik R.
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 42,145 | $0.00 | $0.00 |
| holding | Performance Stock | -- | -- | -- |
| holding | Class B Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 105,727 shares (Direct);
Performance Stock — 544,000 shares (Direct);
Class B Units — 809,781 shares (Indirect, See footnote);
Class B Common Stock — 809,781 shares (Direct)
Footnotes (6)
- F1. Class A common stock, $0.001 par value per share (the "Class A Shares") issued to the reporting person pursuant to awards of restricted stock under the Issuer's 2017 Equity Incentive Plan. The awards included 12,145 restricted Class A Shares as part of the reporting person's 2026 annual bonus and 30,000 restricted Class A Shares as part of a previously announced annual share award to the reporting person. The awards vest in four equal annual installments commencing on May 29, 2027.
- F2. Includes unvested restricted stock granted under the Issuer's 2017 Equity Incentive Plan.
- F3. 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.
- F4. 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.
- F5. Pursuant to an Exchange Agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering, the Class B 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 of HLA do not have an expiration date.
- F6. Held on behalf of the reporting person by HL Management Investors, LLC.
Key Figures
Restricted stock grant: 42,145 shares
Direct Class A holdings: 105,727 shares
Bonus-related restricted shares: 12,145 shares
+5 more
8 metrics
Restricted stock grant
42,145 shares
Class A common stock award on May 29, 2026
Direct Class A holdings
105,727 shares
Total Class A common stock following the grant
Bonus-related restricted shares
12,145 shares
Part of 2026 annual bonus stock component
Annual share award component
30,000 shares
Previously announced annual share award portion
Performance stock underlying shares
544,000 shares
Contingent rights to Class A shares until September 16, 2031
Class B Units underlying shares
809,781 shares
Exchangeable one-for-one into Class A shares
Vesting schedule
4 annual installments
Restricted shares vesting from May 29, 2027
Performance period end
September 16, 2031
End date for performance stock vesting condition
Key Terms
restricted stock, Performance stock, Class B common stock, Exchange Agreement, +1 more
5 terms
restricted stock financial
"issued to the reporting person pursuant to awards of restricted stock under the Issuer's 2017 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
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.
Exchange Agreement financial
"Pursuant to an Exchange Agreement entered into at the time of and in connection with a reorganization"
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.
2017 Equity Incentive Plan financial
"awards of restricted stock under the Issuer's 2017 Equity Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hamilton Lane (HLNE) executive Erik Hirsch report in this Form 4?
Erik Hirsch reported a grant of 42,145 Class A common shares as compensation, not a market purchase or sale. The filing also updates his holdings in Class B stock, performance stock, and Class B units linked to Class A shares.
What is the performance stock held by Erik Hirsch at Hamilton Lane (HLNE)?
Hirsch holds performance stock representing a contingent right to receive 544,000 Class A shares. Vesting depends on Hamilton Lane’s Class A shares reaching a specified price per share, with the performance period ending on September 16, 2031.