Thomas L'Quentus 4

What Happened

• Thomas L'Quentus, a director of Diamond Hill Investment Group, reported multiple purchases (code P) of the company's common stock executed through open-market and broker‑administered dividend reinvestment plan (DRIP) transactions. The eight purchases total about 80.53 shares for roughly $12,205 across dates from 2023‑12‑08 through 2025‑09‑12. These are purchases (a net buy signal), but each trade is small in size.

Key Details

• Transaction dates, shares, price and approximate value:
  • 2023-12-08: 5.925 sh @ $166.59 — $987 (F5)
  • 2024-03-22: 6.558 sh @ $151.87 — $996 (F3)
  • 2024-06-14: 6.731 sh @ $149.44 — $1,006 (F1)
  • 2024-09-13: 13.827 sh @ $152.34 — $2,106 (F2)
  • 2024-12-06: 10.615 sh @ $165.07 — $1,752 (F3)
  • 2025-03-21: 12.069 sh @ $146.50 — $1,768 (F4)
  • 2025-06-13: 12.191 sh @ $146.51 — $1,786 (F5)
  • 2025-09-12: 12.618 sh @ $143.00 — $1,804 (F4)
• Shares beneficially owned after the reported transactions (per Mr. L'Quentus's most recent Form 4 filed Sept 25, 2025): 2,534 common shares.
• Footnotes: Several purchases were “inadvertent” DRIP reinvestment buys. Some matched prior sales under Section 16(b) and produced short‑swing profits that were disgorged ($82.12 and $128.59 where applicable); other matches yielded no profit.
• Timeliness: The Form 4 was filed late (delinquent reporting). The issuer notes the reported transactions were reported after the fact and adjusts ownership based on the last timely filed Form 4.

Context

• These are small, routine purchase transactions (many via automatic DRIP reinvestments) rather than large, deliberate block buys. The inadvertent DRIP purchases and subsequent Section 16(b) matches were resolved by disgorgement where required; such technical matches do not necessarily indicate trading intent.