Merger cashes out Diamond Hill (DHIL) director’s 3,763 common shares at $175

Rhea-AI Filing Summary

Diamond Hill Investment Group director Paula R. Meyer disposed of 3,763 common shares in a transaction with the company. The Form 4 shows this as a disposition to the issuer at $175.00 per share, leaving her with 0 shares following the transaction.

The footnotes explain that on April 22, 2026, Diamond Hill Investment Group was acquired by First Eagle Investment Management under an Agreement and Plan of Merger. At the merger’s completion, each outstanding common share and each outstanding restricted stock share was canceled and converted into the right to receive $175.00 in cash without interest.

Insights

Equity compensation and M&A analyst

Director’s shares were cashed out at $175 in the closing of Diamond Hill’s sale.

The Form 4 shows director Paula R. Meyer disposing of 3,763 common shares at $175.00 per share via a disposition to the issuer. Her direct holdings fall to zero, indicating her equity stake was fully cashed out.

Footnotes tie this directly to Diamond Hill’s acquisition by First Eagle Investment Management under an Agreement and Plan of Merger. All outstanding common and restricted shares were canceled and converted into the right to receive $175.00 in cash, so this looks like standard merger consideration rather than a discretionary market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Meyer Paula R

Role null

Type	Security	Shares	Price	Value
Disposition	Common	3,763	$175.00	$659K

Holdings After Transaction: Common — 0 shares (Direct, null)

Footnotes (1)

1. 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. 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.

Key Figures

Shares disposed: 3,763 shares Per-share cash amount: $175.00 per share Post-transaction holdings: 0 shares +3 more

6 metrics

Shares disposed 3,763 shares Disposition to issuer reported on Form 4

Per-share cash amount $175.00 per share Merger consideration for each common and restricted share

Post-transaction holdings 0 shares Total shares following transaction for Paula R. Meyer

Transaction code D (Disposition to issuer) Non-derivative common stock transaction

Merger agreement date December 10, 2025 Agreement and Plan of Merger execution date

Merger consummation date April 22, 2026 Date company was acquired by First Eagle Investment Management

Key Terms

Agreement and Plan of Merger, disposition to issuer, restricted stock, Equity and Cash Incentive Plan, +1 more

5 terms

Agreement and Plan of Merger regulatory

"pursuant to that certain Agreement and Plan of Merger, dated as of December 10, 2025"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

disposition to issuer financial

"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""

restricted stock financial

"each share of restricted stock that was granted under the Company's 2014 Equity and Cash Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Equity and Cash Incentive Plan financial

"2014 Equity and Cash Incentive Plan, 2022 Equity and Cash Incentive Plan, and 2025 Equity and Cash Incentive Plan"

canceled and converted regulatory

"each issued and outstanding share of the Company's common stock was canceled and converted into the right to receive $175.00 in cash"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Meyer Paula R

(Last) (First) (Middle)

325 JOHN H. MCCONNELL BLVD.

SUITE 200

(Street)

COLUMBUS OHIO 43215

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DIAMOND HILL INVESTMENT GROUP INC [ DHIL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	04/22/2026		D(1)		3,763(2)	D	$175	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

	Carlotta D. King by POA	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Diamond Hill (DHIL) director Paula R. Meyer report on this Form 4?

Paula R. Meyer reported disposing of 3,763 shares of Diamond Hill common stock. The transaction is coded as a disposition to the issuer at $175.00 per share, leaving her with zero shares directly owned after the merger-related transaction.

How many Diamond Hill (DHIL) shares were affected and at what price?

The Form 4 shows 3,763 common shares affected at a price of $175.00 per share. This per-share cash amount matches the merger terms, where each outstanding common and restricted share was converted into the right to receive $175.00 in cash.

Why were Diamond Hill (DHIL) shares canceled and converted to cash?

Shares were canceled and converted to cash because Diamond Hill was acquired by First Eagle Investment Management. Under the Agreement and Plan of Merger, each outstanding common and restricted share was canceled and converted into the right to receive $175.00 in cash without interest.

What happened to Paula R. Meyer’s ownership in Diamond Hill (DHIL) after the transaction?

After the reported disposition, Paula R. Meyer directly owned zero Diamond Hill shares. The filing shows total shares following the transaction as 0.0000, reflecting that her equity position was fully cashed out in connection with the merger’s completion.

How were Diamond Hill (DHIL) restricted stock awards treated in the merger?

Restricted stock granted under Diamond Hill’s 2014, 2022, and 2025 Equity and Cash Incentive Plans was canceled at closing. Each such restricted share was converted into the right to receive $175.00 in cash without interest, consistent with the treatment of common shares.