[Form 4] Hudson Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hudson Global director Todd Michael Fruhbeis purchased 1,100 shares of Hudson Global, Inc. (HSON) on 08/28/2025 at a weighted-average price of $9.58 per share. After the transaction he beneficially owns 1,859 shares, held directly. The Form 4 was signed by an attorney-in-fact on 09/02/2025. The filing notes the reported price is a weighted average for multiple purchases at prices ranging from $9.55 to $9.67 and offers to provide transaction-level details on request.

Positive

• Director purchase disclosed: The filing shows an insider acquired shares, indicating personal investment by a company director.
• Transparent pricing disclosure: The Form 4 provides a weighted-average price and a price range ($9.55–$9.67) and offers to supply per-trade details on request.

Negative

• None.

Insights

Financial Analyst

TL;DR: A director made a small open-market purchase of 1,100 shares at a $9.58 weighted-average price; ownership remains modest.

This Form 4 discloses a routine open-market acquisition by a director rather than an option exercise or large block trade. The transaction increases the director's direct stake to 1,859 shares. The filing provides a weighted-average price and ranges for the underlying trades, which is standard disclosure practice. No derivative transactions or larger strategic moves are reported, so the direct market impact is limited based on the disclosed amounts.

Corporate Governance Expert

TL;DR: Insider purchase by a director signals alignment but is immaterial in scale relative to company capitalization.

The filing confirms the reporting person is a director and that the purchase was reported on a Form 4 with signature by an attorney-in-fact. The director offers to provide per-trade prices, supporting transparency. There are no departures, grants, or related-party transactions disclosed that would raise governance concerns.

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
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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^*

Fruhbeis Todd Michael

(Last) (First) (Middle)

C/O HUDSON GLOBAL, INC.

53 FOREST AVENUE, SUITE 102

(Street)

OLD GREENWICH CT 06870

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hudson Global, Inc. [ HSON ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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

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

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

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.	08/28/2025		P		1,100	A	$9.58(1)	1,859	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 price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.55 to $9.67, inclusive. Mr. Fruhbeis undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.

Remarks:

	/s/ Hannah Bible, as Attorney-in-Fact for Todd Fruhbeis	09/02/2025
	** 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.

FAQ

What transaction did Hudson Global director Todd Michael Fruhbeis report on Form 4 (HSON)?

The Form 4 reports that Mr. Fruhbeis purchased 1,100 shares of Hudson Global on 08/28/2025 at a weighted-average price of $9.58 per share.

How many Hudson Global (HSON) shares does the reporting person own after the purchase?

After the reported transaction the director beneficially owns 1,859 shares, held directly.

Was the Form 4 for Hudson Global signed by the reporting person?

The Form 4 was signed by an attorney-in-fact (/s/ Hannah Bible) on behalf of Todd Fruhbeis on 09/02/2025.

What price range did the director pay for HSON shares?

The filing states the shares were purchased at prices ranging from $9.55 to $9.67, with a weighted-average price of $9.58.

Does the Form 4 show any derivative transactions or option exercises for HSON?

No. Table II (derivative securities) contains no reported transactions; only a non-derivative common stock purchase is disclosed.