Hamilton Lane Stakeholders Amend SC 13D/A Filing

TL;DR

Hamilton Lane insiders filed an update on their stake - watch for changes.

AI Summary

On March 11, 2024, HLA Investments LLC, along with a group of related individuals and entities, filed an SC 13D/A amendment concerning their holdings in Hamilton Lane Inc. The filing indicates a change in the group's beneficial ownership, though specific new percentages or dollar amounts of holdings were not detailed in this excerpt. The group includes notable individuals such as Mario L. Giannini and Hartley R. Rogers, and entities like Hamilton Lane Advisors, Inc.

Why It Matters

This amendment signals a potential shift in control or strategy for Hamilton Lane Inc. by its significant stakeholders, requiring market attention.

Risk Assessment

Risk Level: medium — Amendments to SC 13D filings often indicate changes in significant ownership stakes, which can impact stock price and corporate control.

Key Players & Entities

• HLA Investments LLC (company) — Filer of the SC 13D/A amendment
• Hamilton Lane Inc (company) — Subject company of the filing
• Mario L. Giannini (person) — Member of the filing group
• Hartley R. Rogers (person) — Member of the filing group
• Hamilton Lane Advisors, Inc. (company) — Member of the filing group

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, par value $0.001 (Title of Class of Securities) 4074

Filing Documents

• hlschedule13dmarch2024.htm (SC 13D/A) — 558KB
• ex1march2024.htm (EX-1) — 39KB
• ex2formoflock-upmarch2024.htm (EX-2) — 27KB
• 0001273303-24-000002.txt ( ) — 627KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 11 to Schedule 13D (this "Amendment No. 11") is being filed with respect to the Class A Common Stock, $0.001 par value, of Hamilton Lane Incorporated, a Delaware corporation (the "Issuer"), to amend and supplement the Schedule 13D filed on March 17, 2017 (as amended and supplemented to date, the "Schedule 13D"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D filed on March 17, 2017. Item 1 of the Schedule 13D is hereby amended to reflect that the principal executive offices of the Issuer are located at 110 Washington Street, Suite 1300, Conshohocken, PA 19428.

Identity and Background

Item 2. Identity and Background Items 2(a), 2(b), 2(c) and 2(f) of the Schedule 13D are hereby amended and restated in their entirety (a) As of the date of this Amendment No. 11 (i) HLAI beneficially owns 16,103,315 shares of Class A common stock as holder of 8,818,657 Class B units and because it has voting control over an additional 7,284,658 shares of Class A common stock. HLAI's principal business is to hold Class B units of HLA and Class B common stock of the pre-IPO investor group, including certain members of senior management of the Issuer and outside investors. (ii) HRHLA beneficially owns 16,103,315 shares of Class A common stock as the managing member of HLAI. HRHLA's principal business is to hold the membership interests in HLAI representing its ownership in the Issuer. (iii) Hartley R. Rogers beneficially owns 16,103,315 shares of Class A common stock, which includes 6,900,667 shares as the managing member of HRHLA and 10,503 shares held directly. (iv) HLA Inc. beneficially owns 2,028,699 shares of Class A common stock as holder of 2,028,699 Class B units. HLA Inc.'s principal business is to hold Class B units on behalf of Mario L. Giannini, its sole stockholder and director. (v) Mario L. Giannini beneficially owns 2,408,829 shares of Class A common stock, which includes the 2,028,699 shares of Class A common stock beneficially held by HLA Inc., 283,632 shares of Class A common stock beneficially held as a result of his ownership interest in HLAI, and 96,498 shares of Class A common stock held directly. (vi) Kyera Giannini beneficially owns 238,648 shares of Class A common stock as a result of her ownership interest in HLA. (vii) Nicole Giannini beneficially owns 238,648 shares of Class A common stock as a result of her ownership interest in HLA. (viii) The Laura Sexton Trust beneficially owns 316,233 shares of Class A common stock as a result of its ownership interest in HLAI. (ix) The Matthew Sexton Trust beneficially owns 316,233 shares

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration

of the Schedule 13D is hereby amended and supplemented as follows

Item 3 of the Schedule 13D is hereby amended and supplemented as follows The Issuer conducted a registered offering of Class A common stock, which closed on March 7, 2024 (the "March 2024 Offering"). In connection with the March 2024 Offering, Oakville Trust (the "Selling Stockholder") sold 55,000 shares of Class A common stock, w

View Full Filing

View this SC 13D/A filing on SEC EDGAR