BYRNE SUSAN M 4

What Happened

• Susan M. Byrne, Director Emerita of Westwood Holdings Group, sold a total of 8,911 shares of WHG in open‑market/private sales between June 12 and June 16, 2026. The reported proceeds across the three sales total about $160,159 (4,367 shares at $17.86 for ~$78,000; 2,910 shares at $17.96 for ~$52,266; 1,634 shares at $18.29 for ~$29,893). These were disposals (sales), which are generally routine when done under pre‑arranged trading plans.

Key Details

• Transaction dates and reported prices:
  • 2026-06-12: 4,367 shares @ $17.86 (reported weighted avg; range $17.34–$18.37) — see footnote F1
  • 2026-06-15: 2,910 shares @ $17.96 (reported weighted avg; range $17.48–$18.14) — see footnote F2
  • 2026-06-16: 1,634 shares @ $18.29 (reported weighted avg; range $18.10–$18.43) — see footnote F3
• Total sold: 8,911 shares for aggregate proceeds ≈ $160,159.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Plan/authority: Transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted by Byrne on 2026-04-01.
• Filing info: Form 4 filed 2026-06-16 reporting sales on 2026-06-12, 06-15 and 06-16. The filing does not show a late‑filing flag.

Context

• These were sales (disposals), not purchases. Sales executed under a Rule 10b5‑1 plan are pre‑arranged and typically indicate routine, planned dispositions rather than ad hoc trading based on current company developments. For retail investors, purchases by insiders can be more indicative of positive sentiment; planned sales are common for liquidity/tax planning and do not necessarily signal a change in insider confidence.