X0206 3 2022-05-31 0 0001302215 HOULIHAN LOKEY, INC. HLI 0001679143 Carter Todd J C/O HOULIHAN LOKEY, INC. 10250 CONSTELLATION BLVD., 5TH FLOOR LOS ANGELES CA 90067 1 0 0 0 CLASS B COMMON STOCK 0.00 CLASS A COMMON STOCK 101636 I BY HL VOTING TRUST The shares of Class B Common Stock are currently unvested and vest in substantially equal one-fourth installments on each of May 15, 2023, 2024, 2025 and 2026, subject to continued service through each applicable vesting date. Class B common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder, upon any transfer and automatically upon the Final Conversion Date (as defined in the Issuer's Registration Statement on Form S-1, as amended (No. 333-205610)) concerning the Issuer's initial public offering. The Class B Common Stock has no expiration date. The shares are held by the HL Voting Trust (the "Voting Trust"). The trustees of the Voting Trust have shared voting control over the shares deposited into the Voting Trust. The reporting person has a pecuniary interest in and investment control over the shares reported herein. Remarks: Exhibit List: Exhibit 24 - Power of Attorney. /s/ Todd J. Carter 2022-06-02