Form 4: Houlihan Lokey's Scott L. Beiser Reports Stock Transactions

Scott L. Beiser, Co-Chairman of Houlihan Lokey, reports the acquisition, disposal, and donation of Class A Common Stock, as well as transactions involving Class B Common Stock.

Summary

• On May 19, 2025, Scott L. Beiser, Co-Chairman of Houlihan Lokey, engaged in multiple transactions involving the company's stock.
• These transactions included the acquisition of 8,008 and 15,000 shares of Class A Common Stock through conversion of Class B Common Stock.
• Beiser also disposed of 8,008 shares of Class A Common Stock through open market sales at a weighted average price of $178.71 per share.
• Additionally, he made a charitable donation of 15,000 shares of Class A Common Stock.
• Following these transactions, Beiser directly owns 0 shares of Class A Common Stock and indirectly owns 802,636 shares through the HL Voting Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports transactions without expressing a clear positive or negative outlook. The transactions themselves (sales and donations) could be interpreted in various ways.

Positives

• The reporting person's indirect ownership of a significant number of shares through the HL Voting Trust could indicate a long-term commitment to the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and alignment with company performance.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis, with firms like Bloomberg, FactSet, and Thomson Reuters providing tools to track and analyze these filings.
• Comparing Beiser's transactions to those of other executives at Houlihan Lokey and peer firms (e.g., Evercore, Lazard) can provide insights into relative valuation and management confidence.
• Analyzing the timing and size of these transactions relative to Houlihan Lokey's financial performance and industry trends can offer a more comprehensive understanding of their significance.

Stakeholder Impact

• Shareholders may be interested in the insider transactions as an indicator of management's confidence in the company.
• The charitable donation may have a positive impact on the company's public image.

Key Dates

Keywords

Houlihan Lokey, Scott L. Beiser, Form 4, Stock Transactions, Class A Common Stock, Class B Common Stock, Beneficial Ownership, HLI, Director, Co-Chairman