Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 24

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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561,578)91.74 Forfeited/Repurchased(90,806)100.64 Balance, June 30, 20253,111,118 $128.29 Balance, April 1, 20244,519,024 $83.37 Granted912,625 134.08 Vested(1,607,736)80.09 Forfeited/Repurchased(131,618)177.11 Balance, June 30, 20243,692,295 $97.24 Activity in liability-classified share awards during the three months ended June 30, 2025 and 2024 was as follows:Awards Settleable in SharesFair ValueBalance, April 1, 2025$10,342 Offer to grant95 Converted to equity grants (unvested)(3,127)Share price determined-transferred to equity grants(4,703)Forfeited(1,070)Balance, June 30, 2025$1,537 Balance, April 1, 2024$17,184 Offer to grant1,625 Share price determined-converted to cash payments(5)Share price determined-transferred to equity grants(7,265)Forfeited(224)Balance, June 30, 2024$11,315 

17

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

Activity in Restricted Stock Unit awards during the three months ended June 30, 2025 and 2024 was as follows:Restricted Stock UnitsRSUsWeighted Average Grant Date Fair ValueRSUs as of April 1, 2025677,013 $107.39 Issued58,578 173.14 Forfeitures(3,179)89.31 Vested(295,942)102.20 RSUs as of June 30, 2025436,470 $119.86 RSUs as of April 1, 2024843,730 $95.09 Issued68,601 134.08 Forfeitures(17,779)180.95 Vested(268,114)94.70 RSUs as of June 30, 2024626