Star Equity Holdings director reports 361 RSUs vesting into stock

Rhea-AI Filing Summary

Star Equity Holdings, Inc. (STRR) director Jennifer Palmer reported the vesting and settlement of restricted stock units into common stock. On November 22, 2025, 361 Restricted Stock Units were settled, resulting in the acquisition of 361 shares of Star Equity common stock. Following this transaction, she beneficially owns 7,373 shares directly.

The RSUs originated from a grant made on November 22, 2024 by Star Operating Companies, Inc. and were originally tied to SOC common stock. Under an Agreement and Plan of Merger dated May 21, 2025 among SOC, Star Equity and HSON Merger Sub, Inc., those SOC RSUs were exchanged for 361 Star Equity RSUs, which then fully vested on November 22, 2025.

Insider Trade Summary

361 shares exercised/converted

Mixed 2 txns

Insider Palmer Jennifer

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	361	$0.00	--
Exercise	Common Stock	361	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 7,373 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date. On November 22, 2024, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC common stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 361 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on November 22, 2025.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Palmer Jennifer

(Last) (First) (Middle)

STAR EQUITY HOLDINGS, INC.

53 FOREST AVENUE, SUITE 101

(Street)

OLD GREENWICH CT 06870

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Star Equity Holdings, 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)
11/22/2025

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	11/22/2025		M		361	A	(1)(2)	7,373	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
Restricted Stock Unit	(1)(2)	11/22/2025		M			361	(3)	(3)	Common Stock	361	(1)	0	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

2. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.

3. On November 22, 2024, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC common stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 361 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on November 22, 2025.

Remarks:

	/s/ Hannah Bible, as Attorney-in-Fact for Jennifer Palmer	11/24/2025
	** 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 this Form 4 report for Star Equity Holdings (STRR)?

It reported that director Jennifer Palmer had 361 Restricted Stock Units vest and settle into 361 shares of Star Equity Holdings, Inc. common stock on November 22, 2025.

How many Star Equity (STRR) shares does the reporting person own after this transaction?

After the RSU settlement, the reporting person beneficially owns 7,373 shares of Star Equity Holdings, Inc. common stock, held directly.

What were the terms of the Restricted Stock Units in this HSON-related transaction?

Each Restricted Stock Unit represents the right to receive, at settlement, one share of Star Equity common stock, and 361 such units vested and settled on November 22, 2025.

How are Star Operating Companies, Inc. and HSON Merger Sub, Inc. involved in this Form 4?

On November 22, 2024, the reporting person received RSUs tied to Star Operating Companies, Inc. common stock. Under an Agreement and Plan of Merger dated May 21, 2025 among SOC, Star Equity and HSON Merger Sub, Inc., those SOC RSUs were exchanged for 361 Star Equity Restricted Stock Units.

Did all of the exchanged RSUs for Star Equity (STRR) vest at once?

Yes. For this grant, 100% of the 361 Restricted Stock Units vested on November 22, 2025, and they were settled in an equal number of Star Equity common shares.

Are there any remaining derivative securities for this grant after the transaction?

No. The table shows 0 derivative securities remaining for this particular Restricted Stock Unit grant after the 361 units vested and settled into Star Equity common stock.