Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 53

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 3
Chunk 53
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 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)16 177.96 — 457,712,992 Total 2,772  $165.13 — $457,712,992 

(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