Form 4: Houlihan Lokey's Scott Beiser Reports Changes in Beneficial Ownership

Scott Beiser, Co-Chairman of Houlihan Lokey, reports a transaction involving the conversion and donation of Class A and Class B Common Stock.

Summary

• On November 6, 2024, Scott Beiser, Co-Chairman of Houlihan Lokey, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The transactions included the conversion of 15,000 shares of Class B Common Stock into Class A Common Stock.
• Beiser also made a charitable donation of 15,000 shares of Class B Common Stock.
• Following these transactions, Beiser directly owns 0 shares of Class A Common Stock and indirectly owns 833,525 shares through the HL Voting Trust.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and their potential impact on the market.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A and Class B common stock.

Key Dates