Kayne Anderson Rudnick (USPH) discloses 846,674-share, 5.6% stake in US Physical Therapy

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G indicating beneficial ownership of 846,674 shares of US Physical Therapy Inc common stock, representing 5.6% of the class as of June 30, 2026.

The firm reports sole voting power over 376,119 shares and shared voting power over 454,419 shares. It also has sole dispositive power over 392,255 shares and shared dispositive power over 454,419 shares, reflecting both independently controlled and jointly controlled positions in USPH.

Key Figures

Beneficial ownership: 846,674 shares Percent of class: 5.6% Sole voting power: 376,119 shares +4 more

7 metrics

Beneficial ownership 846,674 shares Common stock of US Physical Therapy Inc beneficially owned by Kayne Anderson Rudnick

Percent of class 5.6% Percentage of US Physical Therapy Inc common stock class owned

Sole voting power 376,119 shares Shares for which Kayne Anderson Rudnick has sole power to vote

Shared voting power 454,419 shares Shares for which Kayne Anderson Rudnick has shared power to vote

Sole dispositive power 392,255 shares Shares for which Kayne Anderson Rudnick has sole power to dispose

Shared dispositive power 454,419 shares Shares for which Kayne Anderson Rudnick has shared power to dispose

As-of date 06/30/2026 Date tied to reported ownership figures

Key Terms

beneficially owned, sole voting power, shared voting power, dispositive power, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 846,674 (b) | Percent of class: 5.6 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 376,119"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared voting power financial

"Shared power to vote or to direct the vote: 454,419"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole power to dispose or to direct the disposition of: 392,255"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13G regulatory

"Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of USPH does Kayne Anderson Rudnick currently own?

Kayne Anderson Rudnick Investment Management, LLC reports beneficial ownership of 5.6% of US Physical Therapy Inc (USPH), representing 846,674 shares of the company’s common stock as disclosed in the amended Schedule 13G.

How many USPH shares does Kayne Anderson Rudnick beneficially own?

Kayne Anderson Rudnick Investment Management, LLC beneficially owns 846,674 shares of US Physical Therapy Inc (USPH) common stock, which the filing states represents 5.6% of the outstanding class as of June 30, 2026.

What voting power does Kayne Anderson Rudnick report over USPH shares?

Kayne Anderson Rudnick reports sole voting power over 376,119 USPH shares and shared voting power over 454,419 shares, indicating both individually controlled and jointly controlled voting authority over its US Physical Therapy holdings.

What dispositive power does Kayne Anderson Rudnick have over its USPH holdings?

The manager reports sole dispositive power over 392,255 USPH shares and shared dispositive power over 454,419 shares, meaning it can independently or jointly determine how these US Physical Therapy shares are disposed of.

Who signed the USPH Schedule 13G/A for Kayne Anderson Rudnick?

The amended Schedule 13G for US Physical Therapy Inc (USPH) was signed by Michael Shoemaker, Chief Compliance Officer of Kayne Anderson Rudnick Investment Management, LLC, on August 13, 2026.

Where is US Physical Therapy Inc’s principal executive office located?

US Physical Therapy Inc (USPH) lists its principal executive offices at 1300 West Sam Houston Parkway South, Suite 300, Houston, TX 77043, as stated in the ownership disclosure by Kayne Anderson Rudnick.

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Available on EDGAR 08/13/2026 - 04:07 PM Accepted by SEC EDGAR 08/13/2026 - 04:05 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

US Physical Therapy Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

90337L108

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 90337L108

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 376,119.00
6	Shared Voting Power 454,419.00
7	Sole Dispositive Power 392,255.00
8	Shared Dispositive Power 454,419.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

846,674.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: US Physical Therapy Inc
(b)	Address of issuer's principal executive offices: 1300 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 300, HOUSTON, TX, 77043
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: Kayne Anderson Rudnick Investment Management, LLC - 2000 Avenue of the Stars, Suite 1110, Los Angeles, CA 90067, US
(c)	Citizenship: Kayne Anderson Rudnick Investment Management, LLC - CALIFORNIA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 90337L108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 846,674
(b)	Percent of class: 5.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 376,119
	(ii) Shared power to vote or to direct the vote: 454,419
	(iii) Sole power to dispose or to direct the disposition of: 392,255
	(iv) Shared power to dispose or to direct the disposition of: 454,419
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	08/13/2026