Form 4: Houlihan Lokey Executive David Preiser Reports Changes in Beneficial Ownership
SEC Filing
David Preiser, Co-President of Houlihan Lokey, reports a charitable donation of 4,000 shares of Class B Common Stock and the conversion of Class B Common Stock into Class A Common Stock.
Summary
- On May 31, 2024, David Preiser, Co-President of Houlihan Lokey, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- Preiser made a charitable donation of 4,000 shares of Class B Common Stock.
- He also converted 4,000 shares of Class B Common Stock into Class A Common Stock.
- Following these transactions, Preiser directly owns 0 shares of Class A Common Stock and indirectly owns 529,056 shares of Class A Common Stock through the HL Voting Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: charitable donation of Class B Common Stock and conversion of Class B Common Stock to Class A Common Stock. |
| 05/31/2024 | Date of report filing. |
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