HOULIHAN LOKEY INC

Ticker: HLI CUSIP: 441593100 Class: Common Stock

Merit Financial Group, LLC's Holding History (CIK: 0001621225)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,347 Value ($000) $235 Avg Close $183.13 Range $169.41 - $204.73

Q3 2025

Shares 2,113 Value ($000) $434 Avg Close $195.01 Range $175.61 - $211.05

Q2 2025

Shares 2,348 Value ($000) $423 Avg Close $166.54 Range $136.63 - $184.21

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,347	$235	$183.13	$169.41 - $204.73
Q3 2025	2,113	$434	$195.01	$175.61 - $211.05
Q2 2025	2,348	$423	$166.54	$136.63 - $184.21