Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 63

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part II, Item 2
Chunk 63
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,712,992 

(1)The shares of Class A common stock repurchased through this program have been retired. On May 12, 2022, the Company announced that the Company's board of directors had authorized a replacement program to the previous July 2021 share repurchase program, which provides for share repurchases of a new aggregate amount of up to $500 million of the Company's Class A common stock and Class B common stock. This share repurchase program does not expire.

(2)Total Number of Shares Purchased consists of 2,756 unvested shares of Class B common stock at an average price per share of $165.05, which were withheld from employees to satisfy tax withholding obligations resulting from the vesting of certain restricted stock awards.

(3)Total Number of Shares Purchased consists of 16 unvested shares of Class B common stock at an average price per share of $177.96, which were withheld from employees to satisfy tax withholding obligations resulting from the vesting of certain restricted stock awards.

Item 3.    Defaults upon Senior Securities

None.

Item 4.    Mine Safety Disclosures

Not applicable.

Item 5.    Other Information

(a) None.

(b) None.

(c) On November 18, 2024, Christopher Crain, the Company's General Counsel and Secretary, entered into a “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K) that provides for the sale of 2,000 shares of Class A common stock issuable upon the vesting of certain restricted stock awards. The plan will expire April 30, 2026, subject to early termination for certain specified events as set forth in the plan.

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Item 6.    Exhibits

Incorporated by ReferenceExhibitNumberExhibit DescriptionFormFile No.ExhibitFilingDateFiled / FurnishedHerewith3.1Second Amended and Restated Certificate of Incorporation of Houlihan Lokey, Inc., dated September 21, 2023.8-K001-375373.19/22/233.2Amended and Restated Bylaws of the Company, dated July 26, 2023. 8-K001-375373.18/1/2310.1Second Amendment to Amended and Restated Houlihan Lokey, Inc. 2016 Incentive Award Plan8-K001-375