HLNE

SEC source: 0001433642-19-000124 · wf-form4_156867048421162.xml · nonDerivative · entry 2

Donohue Michael T. · CIK 0001698304 · Managing Director & Controller · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,031

F1 · kind: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).

SEC source: 0001433642-19-000147 · wf-form4_157480260619392.xml · nonDerivative · entry 3

Devlin Tara · CIK 0001698396 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,871

F3 · kind: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).

F2 · balance_after: Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.

SEC source: 0001433642-19-000122 · wf-form4_156867043895398.xml · nonDerivative · entry 1

Hirsch Erik R. · CIK 0001698098 · Director · Vice Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,609

F1 · kind: The reported disposition represents a bona fide charitable gift made by the reporting person.

SEC source: 0001433642-19-000073 · wf-form4_155985274728718.xml · nonDerivative · entry 1

Kelly Michael John · CIK 0001698486 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.74 to $52.83. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

SEC source: 0001433642-19-000121 · wf-form4_156867041789348.xml · derivative · entry 4

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 10,538,611

Underlying: Class A Common Stock · 2,634,653 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units of HLA are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F1 · kind: In 2008, the reporting person contributed 25% of the membership interests in HRHLA, LLC ("HRHLA") to a grantor retained annuity trust. On May 6, 2019, those HRHLA interests were transferred in equal parts to trusts for the benefit of the reporting person's children. The transferred membership interests represent beneficial ownership of the Class B Units of Hamilton Lane Advisors, L.L.C. ("HLA") and the shares of Class B common stock listed in the table. The reporting person is deemed to indirectly beneficially own the transferred Class B units. Those, and the remaining 7,903,958 Class B Units (and corresponding shares of Class B common stock), continue to be reported in this Form 4 as owned directly by HLA Investments, LLC ("HLAI"). The reporting person is the manager of HRHLA, the managing member of HLAI.

F6 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units of HLA are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F6 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units of HLA are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F3 · ownership.nature: These securities are owned directly by HLAI. Mr. Rogers is the manager of HRHLA, the managing member of HLAI.

SEC source: 0001433642-19-000121 · wf-form4_156867041789348.xml · nonDerivative · entry 1

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 10,538,611

F1 · kind: In 2008, the reporting person contributed 25% of the membership interests in HRHLA, LLC ("HRHLA") to a grantor retained annuity trust. On May 6, 2019, those HRHLA interests were transferred in equal parts to trusts for the benefit of the reporting person's children. The transferred membership interests represent beneficial ownership of the Class B Units of Hamilton Lane Advisors, L.L.C. ("HLA") and the shares of Class B common stock listed in the table. The reporting person is deemed to indirectly beneficially own the transferred Class B units. Those, and the remaining 7,903,958 Class B Units (and corresponding shares of Class B common stock), continue to be reported in this Form 4 as owned directly by HLA Investments, LLC ("HLAI"). The reporting person is the manager of HRHLA, the managing member of HLAI.

F2 · balance_after: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote. These securities are owned directly by HLAI. The reporting person is the manager of HRHLA, the managing member of HLAI.

F3 · ownership.nature: These securities are owned directly by HLAI. Mr. Rogers is the manager of HRHLA, the managing member of HLAI.

SEC source: 0001433642-19-000119 · wf-form4_156867036770702.xml · nonDerivative · entry 1

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,981

F1 · kind: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).

SEC source: 0001433642-19-000124 · wf-form4_156867048421162.xml · nonDerivative · entry 1

Donohue Michael T. · CIK 0001698304 · Managing Director & Controller · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,938

F1 · kind: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rule 16b-3(d).

SEC source: 0001433642-19-000147 · wf-form4_157480260619392.xml · nonDerivative · entry 2

Devlin Tara · CIK 0001698396 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,763

F3 · kind: These shares were acquired pursuant to the Issuer's Employee Share Purchase Plan in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d).

F2 · balance_after: Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.

SEC source: 0001433642-19-000038 · wf-form4_155294821443701.xml · nonDerivative · entry 2

Kerr Thomas J. · CIK 0001698030 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,967

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000038 · wf-form4_155294821443701.xml · nonDerivative · entry 1

Kerr Thomas J. · CIK 0001698030 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,552

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000036 · wf-form4_155294813669793.xml · derivative · entry 4

Yett Paul R. · CIK 0001698029 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 219,145

Underlying: Class A Common Stock · 90,000 shares

Expires not disclosed

F5 · derivative.exercise_price: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · kind: The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.

F5 · derivative.exercise_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · derivative.expiration_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F7 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.

SEC source: 0001433642-19-000036 · wf-form4_155294813669793.xml · nonDerivative · entry 2

Yett Paul R. · CIK 0001698029 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,922

F3 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

F2 · balance_after: Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.

SEC source: 0001433642-19-000036 · wf-form4_155294813669793.xml · nonDerivative · entry 1

Yett Paul R. · CIK 0001698029 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,049

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F2 · balance_after: Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.

SEC source: 0001433642-19-000041 · wf-form4_155294833157770.xml · derivative · entry 5

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock · 109,420 shares

Expires not disclosed

F5 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F7 · kind: The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.

F5 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC.

SEC source: 0001433642-19-000041 · wf-form4_155294833157770.xml · derivative · entry 4

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 557,429

Underlying: Class A Common Stock · 40,580 shares

Expires not disclosed

F5 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F3 · kind: The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.

F5 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC.

SEC source: 0001433642-19-000041 · wf-form4_155294833157770.xml · nonDerivative · entry 3

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 557,429

F3 · kind: The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, the exchange was settled in cash.

F4 · balance_after: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.

SEC source: 0001433642-19-000041 · wf-form4_155294833157770.xml · nonDerivative · entry 2

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,838

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000041 · wf-form4_155294833157770.xml · nonDerivative · entry 1

Stilman Randy M. · CIK 0001698035 · CFO and Treasurer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,365

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000047 · wf-form4_155294856911844.xml · nonDerivative · entry 2

Meeker Jeff · CIK 0001698032 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,493

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000047 · wf-form4_155294856911844.xml · nonDerivative · entry 1

Meeker Jeff · CIK 0001698032 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,833

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000046 · wf-form4_155294853057234.xml · nonDerivative · entry 1

Delgado-Moreira Juan · CIK 0001698040 · Vice Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,429,212

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000045 · wf-form4_155294849135869.xml · nonDerivative · entry 1

Giannini Mario L · CIK 0001698053 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 108,588

F1 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000043 · wf-form4_155294841437580.xml · derivative · entry 3

HLA INVESTMENTS LLC · CIK 0001273303 · 10% owner

HRHLA, LLC · CIK 0001698063 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,320,481

Underlying: Class A Common Stock · 600,000 shares

Expires not disclosed

F5 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F1 · kind: The following individuals and entities, who are members of HLA Investments, LLC ("HLAI") and beneficially own Class A common stock of the Issuer through HLAI, exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering: Hartley Rogers (through HRHLA, LLC ("HRHLA")), the 2008 Sexton Des. Trust FBO Laura Sexton, and the 2008 Sexton Des. Trust FBO Matthew Sexton. At the Issuer's election, the exchanges were settled in cash.

F5 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F5 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F3 · ownership.direct: The Class B common stock is owned directly by the HLAI member that beneficially owns the corresponding Class B Units.

SEC source: 0001433642-19-000043 · wf-form4_155294841437580.xml · nonDerivative · entry 1

HLA INVESTMENTS LLC · CIK 0001273303 · 10% owner

HRHLA, LLC · CIK 0001698063 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,320,481

F1 · kind: The following individuals and entities, who are members of HLA Investments, LLC ("HLAI") and beneficially own Class A common stock of the Issuer through HLAI, exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering: Hartley Rogers (through HRHLA, LLC ("HRHLA")), the 2008 Sexton Des. Trust FBO Laura Sexton, and the 2008 Sexton Des. Trust FBO Matthew Sexton. At the Issuer's election, the exchanges were settled in cash.

F2 · ownership.direct: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.

F3 · ownership.direct: The Class B common stock is owned directly by the HLAI member that beneficially owns the corresponding Class B Units.

SEC source: 0001433642-19-000037 · wf-form4_155294817690688.xml · derivative · entry 4

Hirsch Erik R. · CIK 0001698098 · Director · Vice Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 691,920

Underlying: Class A Common Stock · 250,000 shares

Expires not disclosed

F4 · derivative.exercise_price: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · kind: The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.

F4 · derivative.exercise_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F4 · derivative.expiration_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC.

SEC source: 0001433642-19-000037 · wf-form4_155294817690688.xml · nonDerivative · entry 2

Hirsch Erik R. · CIK 0001698098 · Director · Vice Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 117,359

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000037 · wf-form4_155294817690688.xml · nonDerivative · entry 1

Hirsch Erik R. · CIK 0001698098 · Director · Vice Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 130,760

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000051 · wf-form4_155294873563483.xml · nonDerivative · entry 2

Gavalis Lydia · CIK 0001698058 · General Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,194

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000051 · wf-form4_155294873563483.xml · nonDerivative · entry 1

Gavalis Lydia · CIK 0001698058 · General Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,380

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000053 · wf-form4_155294893049873.xml · derivative · entry 4

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 10,538,611

Underlying: Class A Common Stock · 400,000 shares

Expires not disclosed

F5 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F3 · kind: The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"). At the Issuer's election, the exchange was settled in cash.

F5 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F5 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F6 · ownership.nature: These securities are owned directly by HLAI. The reporting person is the manager of HRHLA, LLC, the managing member of HLAI.

SEC source: 0001433642-19-000053 · wf-form4_155294893049873.xml · nonDerivative · entry 3

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 10,538,611

F3 · kind: The reporting person exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"). At the Issuer's election, the exchange was settled in cash.

F4 · ownership.nature: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote. These securities are owned directly by HLA Investments, LLC ("HLAI"). The reporting person is the manager of HRHLA, LLC, the managing member of HLAI.

SEC source: 0001433642-19-000053 · wf-form4_155294893049873.xml · nonDerivative · entry 2

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 143,989

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000053 · wf-form4_155294893049873.xml · nonDerivative · entry 1

Rogers Hartley R. · CIK 0001577084 · Director · Chairman · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,225

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000050 · wf-form4_155294869420096.xml · derivative · entry 4

Brennan Stephen R. · CIK 0001698523 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 154,451

Underlying: Class A Common Stock · 20,000 shares

Expires not disclosed

F4 · derivative.exercise_price: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · kind: The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.

F4 · derivative.exercise_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F4 · derivative.expiration_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC.

SEC source: 0001433642-19-000050 · wf-form4_155294869420096.xml · nonDerivative · entry 2

Brennan Stephen R. · CIK 0001698523 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,241

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000050 · wf-form4_155294869420096.xml · nonDerivative · entry 1

Brennan Stephen R. · CIK 0001698523 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,298

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000049 · wf-form4_155294864525137.xml · nonDerivative · entry 2

HELGERSON DAVID · CIK 0001332122 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,166

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000049 · wf-form4_155294864525137.xml · nonDerivative · entry 1

HELGERSON DAVID · CIK 0001332122 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,949

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000048 · wf-form4_155294860735901.xml · derivative · entry 4

Lucey Kevin J. · CIK 0001698398 · Chief Operating Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 176,671

Underlying: Class A Common Stock · 70,000 shares

Expires not disclosed

F4 · derivative.exercise_price: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F5 · kind: The reporting person exchanged Class C Units with the Issuer pursuant to the Exchange Agreement. At the Issuer's election, the exchange was settled in cash.

F4 · derivative.exercise_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F4 · derivative.expiration_date: Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units and Class C Units of Hamilton Lane Advisors, L.L.C. ("HLA") are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units and Class C Units of HLA do not have an expiration date.

F6 · ownership.nature: Held on behalf of the reporting person by HL Management Investors, LLC.

SEC source: 0001433642-19-000048 · wf-form4_155294860735901.xml · nonDerivative · entry 2

Lucey Kevin J. · CIK 0001698398 · Chief Operating Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,650

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000048 · wf-form4_155294860735901.xml · nonDerivative · entry 1

Lucey Kevin J. · CIK 0001698398 · Chief Operating Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 91,162

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000042 · wf-form4_155294837546789.xml · derivative · entry 5

Sexton Barbara · CIK 0001699159 · 10% owner

SEXTON O GRIFFITH · CIK 0001338580 · Director · 10% owner

2008 Sexton Des. Trust FBO Matthew Sexton · CIK 0001698728 · 10% owner

2008 Sexton Des. Trust FBO Laura Sexton · CIK 0001698725 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By the 2008 Sexton Des. Trust FBO Matthew Sexton

Disclosed balance after: 616,233

Underlying: Class A Common Stock · 100,000 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F1 · kind: The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust") and The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust") each exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, each exchange was settled in cash.

F6 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F6 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F8 · ownership.nature: The securities reported in this row are owned indirectly by the Matthew Sexton Trust through HLA Investments, LLC. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

SEC source: 0001433642-19-000042 · wf-form4_155294837546789.xml · derivative · entry 4

Sexton Barbara · CIK 0001699159 · 10% owner

SEXTON O GRIFFITH · CIK 0001338580 · Director · 10% owner

2008 Sexton Des. Trust FBO Matthew Sexton · CIK 0001698728 · 10% owner

2008 Sexton Des. Trust FBO Laura Sexton · CIK 0001698725 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By the 2008 Sexton Des. Trust FBO Laura Sexton

Disclosed balance after: 616,233

Underlying: Class A Common Stock · 100,000 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F1 · kind: The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust") and The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust") each exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, each exchange was settled in cash.

F6 · derivative.exercise_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F6 · derivative.expiration_date: Pursuant to the Exchange Agreement, the Class B Units of Hamilton Lane Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class B common stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

F7 · ownership.nature: The securities reported in this row are owned indirectly by the Laura Sexton Trust through HLA Investments, LLC. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

SEC source: 0001433642-19-000042 · wf-form4_155294837546789.xml · nonDerivative · entry 2

Sexton Barbara · CIK 0001699159 · 10% owner

SEXTON O GRIFFITH · CIK 0001338580 · Director · 10% owner

2008 Sexton Des. Trust FBO Matthew Sexton · CIK 0001698728 · 10% owner

2008 Sexton Des. Trust FBO Laura Sexton · CIK 0001698725 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 616,233

F1 · kind: The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust") and The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust") each exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, each exchange was settled in cash.

F3 · balance_after: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.

F4 · balance_after: The securities reported in this row are owned by The Matthew Sexton Trust. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

SEC source: 0001433642-19-000042 · wf-form4_155294837546789.xml · nonDerivative · entry 1

Sexton Barbara · CIK 0001699159 · 10% owner

SEXTON O GRIFFITH · CIK 0001338580 · Director · 10% owner

2008 Sexton Des. Trust FBO Matthew Sexton · CIK 0001698728 · 10% owner

2008 Sexton Des. Trust FBO Laura Sexton · CIK 0001698725 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 616,233

F1 · kind: The 2008 Sexton Des. Trust FBO Laura Sexton (the "Laura Sexton Trust") and The 2008 Sexton Des. Trust FBO Matthew Sexton (the "Matthew Sexton Trust") each exchanged Class B Units (and corresponding shares of Class B common stock) with the Issuer pursuant to an exchange agreement (the "Exchange Agreement") entered into at the time of and in connection with a reorganization incident to the Issuer's initial public offering. At the Issuer's election, each exchange was settled in cash.

F2 · balance_after: The securities reported in this row are owned by the Laura Sexton Trust. Mr. Sexton and Mrs. Barbara Sexton serve as trustees of this trust.

F3 · balance_after: The Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.

SEC source: 0001433642-19-000044 · wf-form4_155294845310558.xml · nonDerivative · entry 1

Oakville Number 2 Trust · CIK 0001699245 · 10% owner

Rysaffe Trustee Co (CI) Ltd · CIK 0001699649 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 850,015

F1 · kind: Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated March 11, 2019.

SEC source: 0001433642-19-000040 · wf-form4_155294829350722.xml · nonDerivative · entry 2

Anigati Andrea · CIK 0001698324 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,910

F2 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

SEC source: 0001433642-19-000040 · wf-form4_155294829350722.xml · nonDerivative · entry 1

Anigati Andrea · CIK 0001698324 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,342

F1 · kind: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

F1 · price: Shares issued to the reporting person pursuant to an award of restricted stock under the Issuer's 2017 Equity Incentive Plan. The shares vest in four equal annual installments.

SEC source: 0001433642-19-000039 · wf-form4_155294825492679.xml · nonDerivative · entry 3

Devlin Tara · CIK 0001698396 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,620

F4 · kind: Shares delivered to the issuer for the payment of withholding taxes due upon the vesting of previously granted restricted stock awards.

F2 · balance_after: Total number of shares includes shares of Class A common stock held through a family trust of which the reporting person is the settlor, trustee, and a beneficiary.