Form 4: Houlihan Lokey General Counsel Christopher Crain Reports Stock Transactions

Christopher Crain, General Counsel of Houlihan Lokey, reported the donation of 40 shares of Class B Common Stock and the conversion of 40 shares of Class B Common Stock to Class A Common Stock on September 4, 2024.

Summary

• On September 4, 2024, Christopher Crain, General Counsel of Houlihan Lokey, engaged in transactions involving the company's stock.
• Crain donated 40 shares of Class B Common Stock to charity, receiving no value in return.
• Additionally, Crain converted 40 shares of Class B Common Stock into Class A Common Stock.
• Following these transactions, Crain directly owns 0 shares of Class A Common Stock and indirectly owns 54,225 shares of Class A Common Stock through the HL Voting Trust.
• Crain retains investment control and dispositive power over the shares held in the Voting Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they involve a small number of shares and are part of routine insider activity.

Key Dates