Form 4: HLI CEO Transfers Shares to Family Trust
Insider Transaction Report
Houlihan Lokey CEO Scott J. Adelson transferred 57,200 Class B common shares to a revocable family trust, maintaining beneficial ownership.
Summary
- Scott J. Adelson, CEO and Director of Houlihan Lokey, Inc. (HLI), transferred 57,200 shares of Class B common stock on August 5, 2025.
- The transfer was made to a revocable trust established for the benefit of a family member.
- No monetary value was received for the transferred shares.
- Adelson continues to beneficially own the shares as a co-trustee of the revocable trust.
- The shares remain subject to the HL Voting Trust, where Adelson is a trustee and maintains shared voting control.
- Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder.
Sentiment
Score: 5
Explanation: The transaction is neutral as it represents an internal re-titling of shares for estate planning purposes by a key executive, with no change in beneficial ownership or control, and no value exchanged.
Related Party Transactions
- Transfer of 57,200 Class B common shares to a revocable trust for the benefit of a family member, with the reporting person acting as co-trustee and maintaining beneficial ownership.
Stakeholder Impact
- No direct impact on shareholders as beneficial ownership and control of the shares remain with the CEO, Scott J. Adelson.
- No impact on employees, customers, suppliers, or creditors as this is an internal share re-titling.
Key Dates
| Date | Description |
|---|---|
| 08/05/2025 | Date of transaction where 57,200 Class B common shares were transferred to a revocable trust. |
| 08/07/2025 | Date the Form 4 filing was signed by J. Lindsey Alley, Attorney-in-Fact for Scott J. Adelson. |
Recommendation
holdThe filing details an internal transfer of shares by the CEO to a family trust for estate planning, with no change in beneficial ownership or control. This type of transaction is neutral and does not indicate any fundamental change in the company's operations, financial health, or future prospects, thus warranting a 'hold' recommendation based solely on this filing.
Keywords
Houlihan Lokey, HLI, Scott J. Adelson, SEC Form 4, Insider Transaction, Stock Transfer, Beneficial Ownership, Class B Common Stock, Revocable Trust, Estate Planning
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