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

Rhea-AI Filing Summary

Star Equity Holdings, Inc. insider Jeffrey E. Eberwein, who is a director, Chief Executive Officer and 10% owner, reported the settlement of equity awards. On November 22, 2025, 675 restricted stock units converted into an equal number of shares of common stock in a transaction coded “M,” indicating a stock-settled award rather than an open-market trade.

These restricted stock units came from awards originally granted on November 22, 2024 by Star Operating Companies, Inc. and later exchanged for 675 Star Equity units under a merger agreement dated May 21, 2025. Following this vesting and share settlement, Eberwein beneficially owns 703,216 shares of Star Equity common stock directly.

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^*

Eberwein Jeffrey E.

(Last) (First) (Middle)

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

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		675	A	(1)(2)	703,216	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			675	(3)	(3)	Common Stock	675	(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 675 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on November 22, 2025.

Remarks:

	/s/ Jeffrey E. Eberwein	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).
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FAQ

What insider transaction did Star Equity Holdings (STRR) report for Jeffrey E. Eberwein?

The company reported that Jeffrey E. Eberwein settled 675 restricted stock units into the same number of Star Equity common shares on November 22, 2025.

How many Star Equity (STRR) shares does Jeffrey E. Eberwein own after this Form 4 transaction?

After the reported transaction, Jeffrey E. Eberwein beneficially owns 703,216 shares of Star Equity Holdings, Inc. common stock directly.

What does the transaction code "M" mean in this Star Equity Form 4?

Transaction code "M" indicates a conversion or exercise of a derivative security, in this case the settlement of restricted stock units into common stock, rather than an open-market buy or sell.

What are the restricted stock units (RSUs) mentioned in the Star Equity (STRR) filing?

Each restricted stock unit represents the right to receive, at settlement, one share of common stock; the 675 units in this filing vested and settled on November 22, 2025.

How did the Star Equity RSUs reported on this Form 4 originate?

On November 22, 2024, the reporting person received RSUs from Star Operating Companies, Inc. that, under a May 21, 2025 merger agreement, were exchanged for 675 Star Equity restricted stock units that fully vested on November 22, 2025.

What is Jeffrey E. Eberwein’s role at Star Equity Holdings, Inc.?

The filing lists Jeffrey E. Eberwein as a Director, Chief Executive Officer, and 10% Owner of Star Equity Holdings, Inc.