Westwood’s Susan Byrne sells 1,151 WHG shares

Westwood Holdings Group director emerita Susan M. Byrne sold a total of 1,151 shares of common stock in open-market transactions.

Rhea-AI Filing Summary

Westwood Holdings Group director emerita Susan M. Byrne sold a total of 1,151 shares of common stock in open-market transactions. She sold 500 shares at a weighted average price of $16.004 on May 14 and 651 shares at a weighted average price of $16.0844 on May 18. After these sales, she directly holds 284,549 shares, indicating these were relatively small trades compared with her remaining position.

Insights

Equity ownership analyst

Byrne’s sales are modest relative to her remaining WHG stake.

Susan M. Byrne, a director emerita of Westwood Holdings Group, executed two open-market sales totaling 1,151 common shares at weighted average prices slightly above $16 per share. These are straightforward sale transactions coded “S”.

Following the trades, she still directly owns 284,549 shares, so the dispositions represent only a small fraction of her disclosed holdings. The footnotes state prices are weighted averages across multiple trades within narrow ranges on each day.

The filing does not reference option exercises, tax withholding, or a trading plan, and no derivative positions are listed. Based on the scale versus her remaining stake, these transactions appear routine rather than thesis-changing for shareholders relying solely on this disclosure.

Insider Trade Summary 10b5-1

Net Seller: 1,151 shares

Net Sell 2 txns

Insider BYRNE SUSAN M

Role Insider

Sold 1,151 shs ($18K)

Type	Security	Shares	Price	Value
Sale	common stock	651	$16.0844	$10K
Sale	common stock	500	$16.004	$8K

Holdings After Transaction: common stock — 284,549 shares (Direct)

Footnotes (2)

1. F1. 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. F2. The reported price reflects the weighted average sale price for shares sold in multiple transactions at prices ranging from $16.03 to $16.18. The reporting person will provide detailed information regarding such transactions upon request.

Key Figures

Total shares sold: 1,151 shares Shares sold on May 14: 500 shares Shares sold on May 18: 651 shares +3 more

6 metrics

Total shares sold 1,151 shares Net common stock sold across two open-market transactions

Shares sold on May 14 500 shares Open-market sale of common stock at weighted average $16.004

Shares sold on May 18 651 shares Open-market sale of common stock at weighted average $16.0844

Price range May 14 $16.00–$16.01 Footnote F1 weighted average sale price range

Price range May 18 $16.03–$16.18 Footnote F2 weighted average sale price range

Shares owned after sales 284,549 shares Direct common stock ownership following the latest transaction

Key Terms

open-market sale, weighted average sale price, common stock, non-derivative, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

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"

common stock financial

""security_title": "common stock""

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.

non-derivative financial

""transaction_type": "non-derivative""

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Susan M. Byrne report in this Form 4 for WESTWOOD HOLDINGS GROUP INC (WHG)?

Susan M. Byrne reported selling a total of 1,151 shares of Westwood Holdings Group common stock in open-market transactions. The sales occurred on May 14 and May 18 at weighted average prices slightly above $16 per share, and she retained 284,549 shares afterward.

How many WHG shares did Susan M. Byrne sell and at what prices?

She sold 500 shares on May 14 at a weighted average price of $16.004 and 651 shares on May 18 at a weighted average price of $16.0844. Footnotes explain each figure reflects averages over multiple trades within narrow intraday price ranges.

How many WESTWOOD HOLDINGS GROUP (WHG) shares does Susan M. Byrne hold after these sales?

After the reported transactions, Susan M. Byrne directly holds 284,549 shares of Westwood Holdings Group common stock. This indicates the 1,151 shares sold represent a relatively small portion of her disclosed ownership position based on the figures in this Form 4 filing.

Were Susan M. Byrne’s WHG transactions open-market sales or another type of transaction?

Both transactions were coded “S” as open-market or private sale transactions in common stock. The Form 4 describes them as non-derivative sales, not option exercises, gifts, or tax withholdings, and there are no accompanying derivative positions in the derivative transaction summary.

What do the weighted average prices in Susan M. Byrne’s WHG Form 4 footnotes mean?

The footnotes state each reported price is a weighted average across multiple sales at different prices within a range. For example, one day’s trades ranged from $16.00 to $16.01. Byrne will provide specific trade details, including exact prices and amounts, to any security holder upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/18/2026 - 04:51 PM Learn about SEC filing dates

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).

X

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)
05/14/2026

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 stock	05/14/2026		S		500	D	$16.004(1)	285,200	D
common stock	05/18/2026		S		651	D	$16.0844(2)	284,549	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. 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 $16.03 to $16.18. 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	05/18/2026
	** 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)