Form 4: Houlihan Lokey General Counsel, Christopher M. Crain, Executes Stock Transactions

Houlihan Lokey's General Counsel, Christopher M. Crain, acquired and then sold 2,500 shares of Class A Common Stock on November 8, 2024.

Summary

• Christopher M. Crain, General Counsel at Houlihan Lokey, Inc., engaged in transactions involving the company's stock on November 8, 2024.
• He acquired 2,500 shares of Class A Common Stock at $0, likely through a stock grant or option exercise.
• Immediately following the acquisition, he sold 2,500 shares of Class A Common Stock at a weighted average price of $185.94 per share.
• The sale was executed through a series of open market transactions with prices ranging from $185.87 to $186.01 per share.
• Crain also holds 51,725 shares of Class A Common Stock indirectly through the HL Voting Trust, over which he retains investment control and dispositive power.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity, which is neither positive nor negative in itself. The transactions are expected and do not indicate any significant change in the company's outlook.

Industry Context

This is a routine filing related to insider trading activity, which is common for executives at publicly traded companies. The transactions are not unusual and do not indicate any specific trend or issue within the company or industry.

Comparison to Industry Standards

• The transactions are typical for executives at publicly traded companies, who often receive stock grants or options as part of their compensation.
• The sale of shares after acquisition is a common practice for executives to diversify their holdings or realize gains.
• Similar transactions are regularly reported by executives at comparable financial advisory firms such as Lazard, Evercore, and Moelis & Company.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate any significant change in the company's outlook.

Key Dates

Keywords

Houlihan Lokey, Christopher M. Crain, Class A Common Stock, stock transaction, insider trading, HL Voting Trust, SEC Form 4