Form 4: Houlihan Lokey Co-Chairman Irwin Gold Donates 5,000 Class A Shares

Houlihan Lokey, Inc. Co-Chairman Irwin Gold reported a charitable donation of 5,000 Class A Common Stock shares following a conversion from Class B shares.

Summary

• Irwin Gold, Co-Chairman, Director, and 10% Owner of Houlihan Lokey, Inc. (HLI), filed a Form 4 detailing recent stock transactions.
• On June 24, 2025, Mr. Gold converted 5,000 shares of Class B Common Stock into 5,000 shares of Class A Common Stock.
• On June 26, 2025, Mr. Gold made a charitable donation of these 5,000 shares of Class A Common Stock, receiving no value for the donated shares.
• Following these transactions, Mr. Gold's direct beneficial ownership of Class A Common Stock is 0 shares.
• Mr. Gold continues to beneficially own 1,083,196 shares of Class B Common Stock indirectly through the HL Voting Trust, where he serves as a trustee with shared voting control and pecuniary/investment control.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider's stock transactions (conversion and donation). It does not contain information that would significantly alter the perception of the company's financial health or operational performance, thus indicating a neutral sentiment.

Future Outlook

The document, an SEC Form 4, reports past insider transactions and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This Form 4 filing details a routine insider stock transaction (conversion and donation) for Houlihan Lokey, Inc., a global investment bank. Such filings are standard disclosures for publicly traded companies and their insiders, providing transparency on changes in beneficial ownership. This specific transaction does not reflect broader industry trends but rather an individual's personal stock management.

Related Party Transactions

• Irwin Gold is a trustee of the HL Voting Trust, which holds 1,083,196 shares of Class B Common Stock over which he has shared voting control and pecuniary/investment control. This indirect ownership is a disclosed related party arrangement.

Stakeholder Impact

• Shareholders: The donation of 5,000 shares is a very minor disposition relative to the company's total outstanding shares and is unlikely to have a material impact on the share price or ownership structure.
• Charitable Recipient: The donation directly benefits the unnamed charitable organization.

Key Dates

Keywords

Houlihan Lokey, HLI, Irwin Gold, Insider Transaction, Form 4, Stock Donation, Class A Common Stock, Class B Common Stock, Beneficial Ownership