Form 4: Houlihan Lokey Co-President David A. Preiser Reports Stock Transactions

David A. Preiser, Co-President of Houlihan Lokey, reports the conversion and sale of 20,000 shares of Class A Common Stock on June 4, 2024.

Summary

• On June 4, 2024, David A. Preiser, Co-President of Houlihan Lokey, engaged in transactions involving the company's stock.
• He converted 20,000 shares of Class B Common Stock into Class A Common Stock.
• Following the conversion, he sold 20,000 shares of Class A Common Stock at a weighted average price of $133.21 per share.
• After these transactions, Mr. Preiser directly owns no shares of Class A Common Stock and indirectly owns 509,056 shares through the HL Voting Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates