Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 59

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part II, Item 1A
Chunk 59
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Item 1A.    Risk Factors

There have been no material changes to the risk factors disclosed in our 2024 Annual Report.

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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

On October 29, 2024, the Company issued 15,550 shares of Class B common stock to certain former employees of a business acquired in 2024, 10,144 shares of which are subject to certain repurchase rights in favor of the Company. The Company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering and received no proceeds in connection with this issuance.

On December 5, 2024, the Company issued 635,834 shares of Class B common stock to certain former employees of a business acquired in 2024, 249,406 shares of which are subject to certain repurchase rights in favor of the Company. The Company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering and received no proceeds in connection with this issuance.

On December 11, 2024, the Company issued 4,278 shares of Class B common stock to certain former employees of a business acquired in 2023. The Company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering and received no proceeds in connection with this issuance.

Purchases of Equity Securities

The following table summarizes all of the repurchases of Houlihan Lokey, Inc. equity securities during the quarter ended December 31, 2024:

PeriodTotal Number of Shares Purchased Average Price Paid Per ShareTotal Number of Shares Purchased As Part of Publicly Announced Plans or Programs  Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)October 1, 2024 - October 31, 2024 (2)2,756 $165.05 — $457,712,992 November 1, 2024 - November 30, 2024— — — 457,712,992 December 1, 2024 - December 31, 2024 (3