5 unchanged sentences
Holders of Record
−Removed: As of May 24, 2022, there were five stockholders of record of our Class A common stock.
+Added: As of May 23, 2023, there were six stockholders of record of our Class A common stock.
The number of record holders does not include persons who held shares of our Class A common stock in nominee or “street name” accounts through brokers.
18 unchanged sentences
Dow Jones US Asset Managers Index 100.00 83.83 71.57 124.66 135.90 122.76
+Added: Unregistered Sales of Equity Securities
+Added: Pursuant to our exchange agreement, on March 9, 2023, we issued 15,000 shares of our Class A common stock to a legacy member of HLA in exchange for a corresponding number of Class C units in HLA indirectly held by that person.
+Added: This issuance did not involve any underwriters, underwriting discounts or commissions or a public offering, and such issuance was exempt from registration requirements pursuant to Section 4(a)(2) of the Securities Act.
Issuer Purchases of Equity Securities
The following table provides information about our repurchase activity with respect to shares of our Class A common stock for the quarter ended March 31, 2023:
−Removed: Purchased(1) Average Price
+Added: Purchased (1)
+Added: Average Price
Share Total Number of
9 unchanged sentences
Total 35,061 $ 64.99 — $ 50,000,000
−Removed: (1) Represents shares of Class A common stock tendered by employees as payment of taxes withheld on the vesting of restricted stock granted under the Hamilton Lane Incorporated 2017 Equity Incentive Plan, as amended (the “2017 Equity Plan”).
+Added: (1) Represents shares of Class A common stock tendered by employees as payment of taxes withheld on the vesting of restricted stock granted under the Amended and Restated Hamilton Lane Incorporated 2017 Equity Incentive Plan (the “2017 Equity Plan”).
(2) On November 6, 2018, we announced that our board of directors authorized a program to repurchase, in the aggregate, up to 6% of the outstanding shares of our Class A common stock as of the date of the authorization, not to exceed $50 million (the “Stock Repurchase Program”).
1 unchanged sentence
We have not repurchased any of our Class A common stock under the Stock Repurchase Program, so the full purchase authority remains available under this program, which expires 12 months after the date of the first acquisition under the authorization.
−Removed: On December 16, 2021, our board of directors re-approved the Stock Repurchase Program on the same terms as those approved in 2018.
+Added: Our board of directors most recently re-approved the Stock Repurchase Program in December 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.