Robert A. Schriesheim, who serves on the board of Houlihan Lokey, Inc. (NYSE:HLI), executed a sale of 5,000 shares of the firm's Class A Common Stock on February 6, 2026, according to a regulatory filing. The shares sold at $170.86 each, producing total proceeds of $854,300.
The disposition is documented in a Form 4 submitted to the Securities and Exchange Commission on February 10, 2026. The filing bears the signature of J. Lindsey Alley, acting as Attorney-in-Fact for Mr. Schriesheim. Following the sale, Schriesheim is recorded as directly holding 27,982 shares of Houlihan Lokey, Inc.
In parallel with the disclosure of the insider transaction, the company released its results for the third quarter of fiscal 2026. Houlihan Lokey reported adjusted earnings per share of $1.94 for the quarter, exceeding the consensus estimate of $1.88. Revenue for the period was $717 million, topping the forecasted $696.65 million. Those financial metrics reflect an outperformance versus analyst expectations for the quarter.
Despite the beat on both adjusted EPS and top-line revenue, the companyiled an after-hours share price decline following the results. The post-release market movement suggests a mixed reception from investors even as reported figures outpaced forecasts.
Context and documentation
The insider sale and the quarterly report are each recorded through standard disclosure mechanisms: the Form 4 for the director's transaction and the company earnings release for the quarter. The Form 4 was executed by an attorney-in-fact and filed with the SEC on February 10, 2026. The earnings details present adjusted EPS and revenue versus the analyst expectations cited above.
Summary takeaways
- Director Robert A. Schriesheim sold 5,000 Class A shares on February 6, 2026, at $170.86 per share for $854,300 in proceeds.
- Post-transaction, Schriesheim directly holds 27,982 Houlihan Lokey shares.
- Houlihan Lokey reported fiscal Q3 adjusted EPS of $1.94 and revenue of $717 million, both above the cited analyst estimates; the stock declined in after-hours trading.
Key points
- Insider activity: The director-level sale is officially recorded in a Form 4, providing transparency on ownership changes within company leadership.
- Financial performance: The company posted an earnings and revenue beat for fiscal Q3 2026, with adjusted EPS of $1.94 and revenue of $717 million.
- Market reaction: Despite the outperformance, shares fell in after-hours trading, indicating a varied investor response to the results.
Risks and uncertainties
- Investor sentiment: The after-hours decline following the earnings release introduces uncertainty about how the market will interpret the companyinancials into future pricing.
- Insider disposition: A director-level sale changes the composition of insider holdings, which market participants may scrutinize for signals about management or board-level perspectives.
- Limited public detail: The Form 4 documents the transaction and ownership level but does not provide additional context within the filing about strategic intent or timing beyond the recorded sale.
These items together form the most recent public updates tied to Houlihan Lokey. The filing and the earnings release supply firm-level data points that investors and market observers can use to assess current company developments.