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

Rhea-AI Filing Summary

Star Equity Holdings, Inc. filed a Form 4 reporting equity compensation activity for one of its directors. On November 22, 2025, 380 Restricted Stock Units were settled into 380 shares of Star Equity common stock, increasing the director’s directly held position to 7,392 shares of common stock.

The RSUs were originally granted on November 22, 2024 by Star Operating Companies, Inc. and were exchanged into 380 Star Equity RSUs under a merger agreement dated May 21, 2025. All of these RSUs vested in full on November 22, 2025, and the derivative position reported for this grant is now 0, indicating completion of this award’s vesting and settlement cycle.

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

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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^*

Parks Louis A.

(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		380	A	(1)(2)	7,392	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			380	(3)	(3)	Common Stock	380	(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 380 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 Louis Parks	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 (STRR) report on this Form 4?

The filing reports that a director of Star Equity Holdings, Inc. settled 380 Restricted Stock Units into 380 shares of common stock on November 22, 2025.

How many Star Equity common shares does the director own after this transaction?

After the reported settlement, the director beneficially owns 7,392 shares of Star Equity common stock in direct ownership.

What happened to the director’s Restricted Stock Units reported in the derivative table?

The 380 Restricted Stock Units reported were fully vested and settled into common stock, leaving 0 derivative securities remaining from this particular RSU grant.

When were the original RSUs associated with this Star Equity Form 4 granted?

The RSUs were originally granted on November 22, 2024 by Star Operating Companies, Inc., each representing the right to receive one share of SOC common stock.

How did the merger affect the director’s RSUs in this Star Equity (HSON/STRR) filing?

Under an Agreement and Plan of Merger dated May 21, 2025 among Star Operating Companies, Inc., the issuer and HSON Merger Sub, Inc., the director’s SOC RSUs were exchanged for 380 Star Equity Restricted Stock Units.

When did the Star Equity RSUs reported on this Form 4 fully vest?

The filing states that 100% of the 380 Restricted Stock Units vested on November 22, 2025.