Star Equity (NASDAQ: STRR) EVP receives 4,537-share RSU grant and tax withholding

Rhea-AI Filing Summary

Star Equity Holdings, Inc. executive vice president Shawn Miles Spain reported routine equity compensation activity. On March 25, 2026, he received a grant of 4,537 shares of common stock linked to restricted stock units approved under the company’s 2009 Incentive Stock and Awards Plan. These RSUs vest over three years, with 1,497 units vesting on the first and second anniversaries of the grant date and 1,543 units on the third anniversary. On the same day, 95 shares were withheld by the company at a value of $9.71 per share to cover minimum statutory taxes upon RSU vesting, and no shares were sold in the market. After these transactions, Spain directly holds 7,899 shares of common stock.

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

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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^*

Miles Shawn Spain

(Last) (First) (Middle)

STAR EQUITY HOLDINGS, INC.

53 FOREST AVENUE, SUITE 101

(Street)

OLD GREENWICH CONNECTICUT 06870

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Star Equity Holdings, Inc. [ STRR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		A		4,537(1)	A	$0	7,994	D
Common Stock	03/25/2026		F		95(2)	D	$9.71	7,899(3)	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. On March 25, 2026, (the "Grant Date") restricted stock units ("RSUs") were granted to the Reporting Person, (the "Grant Date") as approved by the Board of Directors on March 19, 2026, under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. The RSUs are subject to time-based vesting conditions, vesting 33% on the first anniversary of the Grant Date (1,497 RSUs), 33% on the second anniversary of the Grant Date (1,497 RSUs), and 34% on the third anniversary of the Grant Date (1,543 RSUs).

2. Shares withheld by Issuer to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units, each representing the right to receive, at settlement, one share of common stock. No shares were sold.

3. Includes 1,684 shares of common stock and 6,215 shares of Restricted Stock Units ("RSUs") granted to the Reporting Person on July 27, 2023, November 8, 2024, and March 25, 2025. The RSUs. are subject to the Reporting Person continuing to provide service through the RSU's applicable vesting date.

Remarks:

	/s/ Shawn S. Miles	03/27/2026
	** 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)

FAQ

What insider transaction did Star Equity Holdings (STRR) report for Shawn Miles Spain?

Star Equity’s executive vice president Shawn Miles Spain received 4,537 shares of common stock from a restricted stock unit grant. The award was approved under the company’s 2009 Incentive Stock and Awards Plan and represents routine equity compensation rather than an open-market purchase.

How are Shawn Miles Spain’s new RSUs at Star Equity Holdings (STRR) scheduled to vest?

The 4,537 restricted stock units granted to Shawn Miles Spain vest over three years. 1,497 units vest on the first anniversary of the March 25, 2026 grant date, another 1,497 on the second anniversary, and 1,543 on the third anniversary, subject to continued service.

Did Shawn Miles Spain sell any Star Equity Holdings (STRR) shares in this Form 4 filing?

No shares were sold. The filing shows 95 shares of common stock were withheld by Star Equity Holdings to satisfy minimum statutory tax withholding obligations upon vesting of restricted stock units, which is a non-market tax payment mechanism rather than an open-market sale.

How many Star Equity Holdings (STRR) shares does Shawn Miles Spain hold after the reported transactions?

Following the March 25, 2026 transactions, Shawn Miles Spain directly holds 7,899 shares of Star Equity Holdings common stock. This figure reflects the newly granted shares and the 95-share tax withholding, providing the updated direct ownership reported in the Form 4.

What compensation plan governs the new RSU grant to Shawn Miles Spain at Star Equity Holdings (STRR)?

The restricted stock unit grant to Shawn Miles Spain was approved under Star Equity Holdings’ 2009 Incentive Stock and Awards Plan, as amended and restated. This plan allows the company to grant equity-based awards like RSUs to executives subject to vesting conditions.