Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 45

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 45
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     | 460(2)       |     |                                                                                                            |     |    74,290 |     |                                                                                                                            |     |     — |     |       — |
|                      |     |                                                             |     | May 27, 2022 |     |                                                                      |     | 2,710(3)     |     |                                                                                                            |     |   437,665 |     |                                                                                                                            |     |     — |     |       — |
|                      |     |                                                             |     | May 24, 2023 |     |                                                                      |     | 2,178(4)     |     |                                                                                                            |     |   351,747 |     |                                                                                                                            |     |     — |     |       — |
|                      |     |                                                             |     | May 23, 2024 |     |                                                                      |     | 1,908(5)     |     |                                                                                                            |     |   308,142 |     |                                                                                                                            |     |     — |     |       — |
|                      |     |                                                             |     | May 23, 2024 |     |                                                                      |     | 462(6)       |     |                                                                                                            |     |    74,613 |     |                                                                                                                            |     | 1,386 |     | 223,839 |

(1) The market value of shares of stock that were not vested as of March 31, 2025 is calculated based on the closing price per share of our Class A common stock as of March 31, 2025 ($161.50).

(2) The remaining unvested shares outstanding under this restricted stock award as of March 31, 2025 vested on May 15, 2025.

(3) One-half of the shares outstanding under this restricted stock award as of March 31, 2025 vested on May 15, 2025 and one-half are scheduled to vest on May 15, 2026.

(4) One-third of the shares outstanding under this restricted stock award as of March 31, 2025 vested on May 15, 2025, one-third are scheduled to vest on May 15, 2026, and one-third are scheduled to vest on May 15, 2027.

| 29 |

(5) One-quarter of the shares outstanding under this restricted stock award as of March 31, 2025 vested on May 15, 202