BYRNE SUSAN M 4

What Happened
Susan M. Byrne, Director Emerita of Westwood Holdings Group, reported three sales of company stock in mid‑June 2026. The transactions total 2,899 shares sold for aggregate proceeds of approximately $53,057: 350 shares at $18.10 on 2026‑06‑17 ($6,335), 1,549 shares at $18.35 on 2026‑06‑18 ($28,417), and 1,000 shares at $18.31 on 2026‑06‑22 ($18,305). All transactions are reported as sales (S) and were effected pursuant to a Rule 10b5‑1 trading plan adopted by Byrne on 2026‑04‑01.

Key Details

• Transaction dates/prices/amounts:
  • 2026‑06‑17: 350 shares @ reported weighted avg $18.10 (range $18.00–$18.20) — $6,335. (Footnote F1)
  • 2026‑06‑18: 1,549 shares @ reported weighted avg $18.35 (range $18.20–$18.58) — $28,417. (Footnote F2)
  • 2026‑06‑22: 1,000 shares @ reported weighted avg $18.31 (range $18.03–$18.89) — $18,305. (Footnote F3)
• Total shares sold: 2,899; total proceeds: ~$53,057.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Notable footnotes: Reported prices are weighted averages across multiple executions; detailed trade-by-trade prices/ranges are given in F1–F3 and can be provided upon request.
• Trading plan: Sales were executed under a Rule 10b5‑1 plan adopted 2026‑04‑01 (per filing remarks).
• Timeliness: Form 4 was filed 2026‑06‑22 while the earliest sale occurred 2026‑06‑17. Because Form 4s are generally due within two business days of a transaction, the filing date suggests the report may have been filed after the SEC’s typical reporting window for the first sale.

Context
These are routine insider sales under a prearranged 10b5‑1 plan, which lets insiders sell shares according to a set schedule and is generally considered less informative about the insider’s current view of the company than ad‑hoc sales. The total proceeds (~$53k) are modest, so this is unlikely to be a material signal by itself.