Form 4: Houlihan Lokey CFO J. Lindsey Alley Reports Stock Transactions

J. Lindsey Alley, CFO of Houlihan Lokey, reports the conversion and sale of Class A Common Stock on November 7, 2024.

Summary

• On November 7, 2024, J. Lindsey Alley, the CFO of Houlihan Lokey, engaged in transactions involving the company's stock.
• Alley converted 12,500 shares of Class B Common Stock into Class A Common Stock.
• Following the conversion, Alley sold 12,500 shares of Class A Common Stock at a weighted average price of $185.49 per share.
• After these transactions, Alley directly owns no shares of Class A Common Stock.
• Alley indirectly owns 67,117 shares of Class A Common Stock through the HL Voting Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, in this case the CFO of Houlihan Lokey. Such filings are common and provide transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are relatively small in the context of Houlihan Lokey's overall market capitalization.
• Similar transactions are regularly reported by executives at comparable investment banks and financial services firms.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The filing provides transparency to stakeholders regarding insider trading activities.

Key Dates