Form 4: Houlihan Lokey Director Gillian Beth Zucker Sells Shares

Gillian Beth Zucker, a director at Houlihan Lokey, sold 200 shares of Class A Common Stock at a price of $152.49 on August 20, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 20, 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 $152.49 per share.
• Following the transaction, Zucker directly owns 7,001 shares of Houlihan Lokey's 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 document is a standard SEC filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.

Industry Context

Sales by company directors are a common occurrence and are often related to personal financial planning rather than a reflection on the company's prospects. Rule 10b5-1 plans allow insiders to sell shares over a predetermined period, avoiding concerns about insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small number of shares involved and the use of a 10b5-1 trading plan.

Key Dates