Were Susan Byrne’s WHG transactions open-market sales or related to options?

All reported transactions are coded as open-market sales of common stock. The filing shows no associated option exercises or other derivative activity, and the derivative position summary is empty, indicating only straightforward common share sales were reported.

Susan Byrne trims Westwood (NYSE: WHG) stake with 1,119-share sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Westwood Holdings Group director emerita Susan M. Byrne reported selling 1,119 shares of common stock in open-market trades. The sales occurred over three days at prices around $16.00 per share. After these transactions, she directly holds 283,430 shares, indicating these sales represent a small portion of her overall position.

Insights

Byrne’s sales are small relative to her remaining Westwood stake.

Director emerita Susan M. Byrne executed three open-market sales totaling 1,119 shares of Westwood Holdings Group common stock at prices near $16.00 per share. These are straightforward discretionary sales, not linked to option exercises or other derivatives.

Following the transactions, Byrne still directly owns 283,430 shares, so the shares sold are a minor fraction of her disclosed holdings. Footnotes note that reported prices are weighted averages from trades within narrow ranges around $16.00, which is typical execution detail rather than a special arrangement.

Insider Trade Summary 10b5-1

Net Seller: 1,119 shares ($17,924)

Net Sell 3 txns

Insider BYRNE SUSAN M

Role null

Sold 1,119 shs ($18K)

Type	Security	Shares	Price	Value
Sale	common stock	613	$16.0224	$10K
Sale	common stock	300	$16.013	$5K
Sale	common stock	206	$16.0097	$3K

Holdings After Transaction: common stock — 283,430 shares (Direct, null)

Footnotes (1)

The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.01. The reporting person will provide detailed information regarding such transactions upon request. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.04. The reporting person will provide detailed information regarding such transactions upon request. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.11. The reporting person will provide detailed information regarding such transactions upon request.

Key Figures

Total shares sold: 1,119 shares Shares sold on May 22, 2026: 613 shares Shares sold on May 21, 2026: 300 shares +3 more

6 metrics

Total shares sold 1,119 shares Aggregate open-market sales of common stock

Shares sold on May 22, 2026 613 shares Open-market sale of common stock

Shares sold on May 21, 2026 300 shares Open-market sale of common stock

Shares sold on May 20, 2026 206 shares Open-market sale of common stock

Holding after final sale 283,430 shares Direct ownership of common stock after transactions

Weighted average price range (footnotes) $16.00–$16.11 Price ranges for multiple trades underlying reported averages

Key Terms

open-market sale, weighted average sale price, common stock, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"The reported price reflects the weighted average sale price for shares sold in multiple transactions"

common stock financial

"security_title: "common stock" for all reported transactions"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 04:43 PM

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

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^*

BYRNE SUSAN M

(Last)

(First)

(Middle)

200 CRESCENT COURT

SUITE 1200

(Street)

DALLAS

TEXAS

75201

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTWOOD HOLDINGS GROUP INC [ WHG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common stock	05/20/2026		S		206	D	$16.0097⁽¹⁾	284,343	D
common stock	05/21/2026		S		300	D	$16.013⁽²⁾	284,043	D
common stock	05/22/2026		S		613	D	$16.0224⁽³⁾	283,430	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.01. The reporting person will provide detailed information regarding such transactions upon request.

2. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.04. The reporting person will provide detailed information regarding such transactions upon request.

3. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.00 to $16.11. The reporting person will provide detailed information regarding such transactions upon request.

Remarks:

The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 4/1/2026.

	Jonathan Richard Nahhat, as attorney-in-fact	05/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

How many Westwood Holdings Group (WHG) shares did Susan M. Byrne sell?

Susan M. Byrne sold a total of 1,119 shares of Westwood Holdings Group common stock. The Form 4 shows three separate open-market transactions over consecutive days, each disposing of a few hundred shares rather than a large block.

What sale prices were reported for Susan Byrne’s WHG stock transactions?

The reported transactions were executed at weighted average prices near $16.00 per share. Footnotes explain the shares were sold in multiple trades within narrow ranges, from $16.00 up to $16.11, with detailed breakdowns available on request.

How many WHG shares does Susan M. Byrne hold after these sales?

After the reported sales, Susan M. Byrne directly holds 283,430 shares of Westwood Holdings Group common stock. This indicates the 1,119 shares sold represent a relatively small portion of her disclosed ownership position in the company.

Over how many days did Susan Byrne’s WHG stock sales occur?

The filing shows Susan Byrne’s sales occurred over three days. She sold shares on May 20, May 21, and May 22, 2026, with each day’s transaction modest in size and all at prices close to $16.00 per share.