Form 4: Houlihan Lokey Co-Chairman Irwin Gold Reports Stock Sale
SEC Form 4 Filing
Irwin Gold, Co-Chairman of Houlihan Lokey, reports the sale of 9,902 shares of Class A Common Stock on June 28, 2024.
Summary
- On June 28, 2024, Irwin Gold, Co-Chairman of Houlihan Lokey, sold 9,902 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $135.25 per share, with prices ranging from $135.00 to $135.89.
- The transaction resulted in Mr. Gold no longer directly owning Class A Common Stock.
- Mr. Gold still indirectly owns 1,100,110 shares of Class A Common Stock through the HL Voting Trust, where he serves as a trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock sale by a high-ranking executive could be perceived negatively by some shareholders, although the amount is relatively small compared to his overall holdings.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of stock sale and conversion of Class B Common Stock to Class A Common Stock. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
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