Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 51

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part II, Item 1A
Chunk 51
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Item 1A.    Risk Factors

There have been no material changes to the risk factors disclosed in our 2025 Annual Report.

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

None during the quarter ended June 30, 2025.

Purchases of Equity Securities

The following table summarizes all of the repurchases of Houlihan Lokey, Inc. equity securities, on a trade date basis, during the quarter ended June 30, 2025:

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)April 1, 2025 - April 30, 2025— $— — $397,724,154 May 1, 2025 - May 30, 2025 (2)762,077 180.08 — 397,724,154 June 1, 2025 - June 30, 2025 (3)1,476 176.96 — 397,724,154 Total 763,553  $181.07 — $397,724,154 

(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 762,077 unvested shares of Class B common stock at an average price per share of $180.08, 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 1,476 unvested shares of Class B common stock at an average price per share of $176.96, which were withheld from employees to satisfy tax withholding obligations resulting from the vesting of certain restricted stock awards.

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Item 3.    Defaults upon Senior Securities

None.

Item