Form 4: Houlihan Lokey Director Gillian Beth Zucker Reports Sale of Class A Common Stock

Gillian Beth Zucker, a director at Houlihan Lokey, sold 200 shares of Class A Common Stock at a price of $152.28 per share on September 13, 2024, according to a Form 4 filing.

Summary

• On September 13, 2024, Gillian Beth Zucker, a director of Houlihan Lokey, sold 200 shares of Class A Common Stock.
• The sale was executed at a price of $152.28 per share.
• Following the transaction, Zucker directly owns 6,801 shares of Class A Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on May 21, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was executed under a pre-arranged trading plan, indicating it may not reflect the director's current outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates