Company: HLI
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001302215-25-000024
Chunk: 126

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9
Chunk 126
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ested(1,175,311)59.77 Shares repurchased/forfeited(123,373)79.00 Balance, March 31, 20235,281,779 79.57 Granted1,244,902 87.60 Vested(1,655,390)74.28 Shares repurchased/forfeited(352,267)84.05 Balance, March 31, 20244,519,024 83.37 Granted1,011,584 137.59 Vested(1,619,144)80.49 Shares repurchased/forfeited(225,371)91.62 Balance, March 31, 20253,686,093 $99.02 

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(In thousands, except share data or as otherwise stated)

Activity in liability classified share awards during the years ended March 31, 2025, 2024, and 2023 is as follows:    Awards Settleable in SharesFair ValueBalance, April 1, 2022$14,349 Offer to grant5,318 Share price determined-converted to cash payments(2,664)Share price determined-transferred to equity grants (1)(3,411)Forfeited(1,621)Balance, March 31, 202311,971 Offer to grant7,022 Share price determined-converted to cash payments(3)Share price determined-transferred to equity grants (1)(1,806)Forfeited— Balance, March 31, 202417,184 Offer to grant1,198 Share price determined-converted to cash payments(5)Share price determined-transferred to equity grants (1)(3,896)Forfeited(4,139)Balance, March 31, 2025$10,342 (1)29,057, 40,702, and 46,430 shares for the years ended March 31, 2025, 2024, and 2023, respectively.

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(In thousands, except share data or