Hawley Austin 4
4 · DIAMOND HILL INVESTMENT GROUP INC · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Diamond Hill (DHIL) Director Hawley Austin Sells 77,469 Shares
What Happened Hawley Austin, a director of Diamond Hill Investment Group, Inc. (DHIL), disposed of 77,469 shares on April 22, 2026 at $175.00 per share, receiving $13,557,075. The disposition was a "to issuer" conversion tied to the company's acquisition rather than an open-market sale.
Key Details
- Transaction date and price: April 22, 2026 — 77,469 shares at $175.00 each.
- Total proceeds: $13,557,075.
- Transaction type/code: Disposition to issuer (D) under the merger.
- Post-transaction holdings: Shares were canceled and converted under the merger; the common stock position was eliminated per the merger terms.
- Footnotes: The company was acquired by First Eagle Investment Management, LLC pursuant to a Merger Agreement dated Dec 10, 2025; each outstanding share (including restricted stock) was canceled and converted into the right to receive $175.00 in cash.
- Filing timeliness: Reported with the same transaction date (filed April 22, 2026), indicating a timely Form 4 filing.
Context This was not a routine insider market sale but the cash-out of equity due to a merger closing. For retail investors, this transaction simply reflects the merger consideration paid to shareholders (and holders of restricted stock), not necessarily the director’s active decision to sell shares on the open market.
Insider Transaction Report
Form 4Exit
Hawley Austin
Director
Transactions
- Disposition to Issuer
Common
[F1][F2]2026-04-22$175.00/sh−77,469$13,557,075→ 0 total
Footnotes (2)
- [F1]On April 22, 2026, the Company was acquired by First Eagle Investment Management, LLC pursuant to that certain Agreement and Plan of Merger, dated as of December 10, 2025 (the "Merger Agreement"), among Diamond Hill Investment Group, Inc., First Eagle Investment Management, LLC, and Soar Christopher Holdings, Inc.
- [F2]Pursuant to the Merger Agreement, upon the consummation of the merger, each issued and outstanding share of the Company's common stock was canceled and converted into the right to receive $175.00 in cash without interest. In addition, each share of restricted stock that was granted under the Company's 2014 Equity and Cash Incentive Plan, 2022 Equity and Cash Incentive Plan, and 2025 Equity and Cash Incentive Plan that was outstanding immediately prior to the consummation of the merger was canceled and converted into the right to receive $175.00 in cash without interest.
Signature
Carlotta D. King by POA|2026-04-22