BRILLIANT HEATHER E 4

What Happened Heather E. Brilliant, CEO of Diamond Hill Investment Group (DHIL), had 67,153 shares disposed of to the issuer on April 22, 2026 and received cash consideration of $175.00 per share. The two reported dispositions were 66,680 shares for $11,669,000 and 473 shares for $82,775, for a combined total of $11,751,775 (about $11.75M). The transactions are reported as dispositions to the issuer under the terms of a merger.

Key Details

• Transaction date: April 22, 2026; price: $175.00 per share.
• Shares disposed: 66,680 and 473 (total 67,153); proceeds $11,669,000 and $82,775 (total $11,751,775).
• Transaction code: D — Disposition to issuer (conversion/payment in connection with merger).
• Footnotes: (F1) Diamond Hill was acquired by First Eagle Investment Management, LLC pursuant to a Merger Agreement dated Dec 10, 2025. (F2) Under the Merger Agreement, each outstanding common and restricted share was canceled and converted into the right to receive $175.00 cash.
• Shares owned after transaction: The filing indicates outstanding shares were canceled and converted under the merger; the filing does not show retained common shares afterward.
• Timeliness: Filed same day as the report date (timely).

Context These were not open-market sales but cash-outs tied to a corporate acquisition: all issued and outstanding common and restricted shares were canceled and converted into $175 per share in cash. Such merger-related dispositions reflect the deal consideration rather than an individual trading decision; they should be interpreted as the surrender of stock for merger proceeds, not a typical insider sell signal.