Form 4: Houlihan Lokey Director Gillian Zucker Sells 200 Shares Under 10b5-1 Trading Plan

Gillian Zucker, a director at Houlihan Lokey, sold 200 shares of Class A Common Stock at $180.57 per share on December 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Gillian Zucker, a director at Houlihan Lokey, sold 200 shares of the company's Class A Common Stock on December 13, 2024.
• The sale was executed at a price of $180.57 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan.
• The trading plan was adopted by Ms. Zucker on May 21, 2024.
• Following the transaction, Ms. Zucker directly owns 6,201 shares of Houlihan Lokey stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for a pre-planned stock sale by a director, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to manage their stock sales while avoiding potential insider trading issues.
• Many directors and officers of publicly traded companies use similar plans to sell their shares periodically.
• The volume of shares sold is relatively small compared to the overall market capitalization of Houlihan Lokey, suggesting it is unlikely to have a significant impact on the stock price.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders due to the small volume of shares sold.

Key Dates

Keywords

Form 4, Houlihan Lokey, Gillian Zucker, insider trading, stock sale, Rule 10b5-1, director, HLI