SCHEDULE 13D/A 0000921895-24-002823 0001504325 XXXXXXXX LIVE 2 Common Stock, $0.01 par value 01/17/2025 false 0001013706 968235200 Wilhelmina International, Inc.

200 CRESCENT COURT SUITE 1400 DALLAS TX 75201

Warren G. Lichtenstein 212-520-2300 c/o Steel Partners, Ltd. 590 Madison Avenue, 32nd Floor New York NY 10022 0001504325 N Steel Partners, Ltd. WC N DE 0.00 1580477.00 0.00 1580477.00 1580477.00 N 30.6 CO 0001005784 N LICHTENSTEIN WARREN G AF N X1 0.00 1580477.00 0.00 1580477.00 1580477.00 N 30.6 IN 0001144269 N HOWARD JACK L PF N X1 106.00 0.00 106.00 0.00 106.00 N 0 IN Common Stock, $0.01 par value Wilhelmina International, Inc. 200 CRESCENT COURT SUITE 1400 DALLAS TX 75201 Item 3 is hereby amended and restated to read as follows: The aggregate purchase price of the 1,580,477 Shares owned directly by SPL is approximately $5,738,885, including brokerage commissions. Such Shares were acquired with the working capital of SPL (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 106 Shares owned directly by Mr. Howard is approximately $449, including brokerage commissions. Such Shares were acquired with Mr. Howard's personal funds. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 5,157,344 Shares outstanding, which is the total number of Shares outstanding as of November 13, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2024. As of the close of business on the date hereof, SPL owned directly 1,580,477 Shares, constituting approximately 30.6% of the Shares outstanding. By virtue of his relationship with SPL, Mr. Lichtenstein may be deemed to beneficially own the Shares owned directly by SPL. As of the close of business on the date hereof, Mr. Howard owned directly 106 Shares, constituting less than 1% of the Shares outstanding. Item 5(c) is hereby amended and restated to read as follows: On January 17, 2025, SPL purchased 592,603 Shares for a purchase price of $3.75 per Share from Doron Donat in a private transaction. See Exhibit 1 annexed hereto for all other transactions by the Reporting Persons in the securities of the Issuer since the filing of Amendment No. 1 to the Schedule 13D, which are incorporated herein by reference. All of such transactions were effected in the open market. Item 6 is hereby amended to add the following: Reference is made to the private transaction discussed in Item 5(c), which is incorporated herein by reference. Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities. Steel Partners, Ltd. /s/ Jack L. Howard 01/22/2025 LICHTENSTEIN WARREN G /s/ Maria Reda 01/22/2025 HOWARD JACK L /s/ Jack L. Howard 01/22/2025