BEISER SCOTT L

Co-chairman Scott Beiser sells 8,008 shares of HLI at $178.71 for $1.4M; derivative conversion on file.

BEISER SCOTT L (CO-CHAIRMAN) sold 8,008 shares of HOULIHAN LOKEY, INC. (HLI) at $178.71 on 2025-05-19 for total value of $1,431,109.68. This transaction is flagged as a derivative-conversion transaction; the insider's complete equity position includes derivative securities held in Form 4 Table II, which means the 8,008 share sale does not represent a full exit from economic holdings. His same-ticker history at HLI shows two prior sales (2024-08-16 and 2023-11-03), both of which saw subsequent stock appreciation at the 90-day mark (+1.4% and +3.9% respectively), indicating a pattern of unfavorable timing on prior sales at this ticker. The stock currently trades at $177.42, approximately 0.8% below the transaction price, and has advanced 15.8% over the past 30 days. Company fundamentals show strong recent performance: FY annual revenue growth of +24.8%, latest-quarter revenue of $634.4M, and net income of $95.3M, though the P/E of 0.22 warrants verification for data integrity.

Co-Chairman Scott Beiser sells 8,317 shares of HLI at $151.89 for $1.3M; stock at 52-week high, no derivative holdings data yet.

Scott Beiser, Co-Chairman of Houlihan Lokey, sold 8,317 shares at $151.89 on 2024-08-16, realizing $1,263,269.13 ($1.3M). The transaction occurred at the 52-week high of $152.65, and his previous sale at HLI on 2023-11-03 was followed by a 90-day return of +15.2%, indicating the stock moved higher after that prior sale. However, this filing flags the presence of derivative securities (Form 4 Table II), which are not yet populated in the database; the reported zero post-transaction holdings on Table I may not represent the insider's complete position. Without visibility into derivative holdings, the full economic picture of this sale cannot be assessed.