Hawley Austin 4

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.