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

Rhea-AI Filing Summary

Hudson Global, Inc. reporting person received 7,012 Restricted Stock Units (RSUs) under the company's incentive plan. Each RSU represents a right to one share of common stock payable upon settlement one year after grant, and the award size was determined using the closing price on the grant date.

The reporting person holds 48,499 shares following the grant. The transaction was recorded as an acquisition and credited to the reporting person's account under the issuer's 2009 Incentive Stock and Awards Plan, as amended and restated.

Positive

• 7,012 RSUs granted to a director, aligning executive incentives with shareholder value
• Post‑transaction beneficial ownership of 48,499 shares signals continued insider stake in the company

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received time‑based RSUs that align incentives with shareholder value over a one‑year vesting horizon.

The award of 7,012 RSUs to a director is a routine equity compensation mechanism to retain and align senior insiders with long‑term performance. Time‑based settlement after one year encourages continued service and links pay to future share performance. The disclosure specifies the plan and vesting condition but does not state whether this grant is recurring or part of a larger refresh. For governance assessment, it would be useful to see the company's overall equity run‑rate and peer benchmarking, which are not provided here.

Securities Analyst

TL;DR: Modest insider acquisition increases insider ownership to 48,499 shares; impact on capitalization is small.

The issuance of 7,012 RSUs increases the reporting person's potential share count but is unlikely to be dilutive in isolation. The form shows an acquisition at a $0 reported cash price, consistent with grant awards rather than open‑market purchases. The filing lacks details on total outstanding shares and aggregate dilution, so material impact on valuation cannot be assessed from this disclosure alone.

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^*

Nelson Connia M

(Last) (First) (Middle)

C/O STAR EQUITY HOLDINGS, 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. [ STRR ]

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)
09/09/2025

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(1)	09/09/2025		A		7,012	A	$0	48,499	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. Includes 7,012 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit represents the right to receive, at settlement, one share of Common Stock payable upon the first anniversary of the Grant Date. The number of Restricted Stock Units granted was determined using the closing price on September 9, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Matthew K. Diamond, Attorney-in-Fact for Connia M. Nelson	09/11/2025
	** 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 did Hudson Global (HSON) disclose in this Form 4?

The reporting person was granted 7,012 Restricted Stock Units (RSUs) under the issuer's incentive plan; each RSU converts to one share at settlement in one year.

How many shares does the reporting person own after the grant?

The filing shows 48,499 shares beneficially owned following the reported transaction.

Are the RSUs immediately vested or subject to a vesting period?

The RSUs are payable upon the first anniversary of the grant date, indicating a one‑year time‑based settlement condition.

Was cash paid for these shares in the transaction?

The transaction is reported with a price of $0, consistent with an equity grant rather than an open‑market purchase.

Under which plan were the RSUs granted?

The RSUs were credited under the issuer's 2009 Incentive Stock and Awards Plan, as amended and restated.