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

Rhea-AI Filing Summary

Hudson Global director Todd Michael Fruhbeis purchased 751 shares of Hudson Global, Inc. (HSON) common stock on 09/02/2025 at a weighted-average price of $9.58 per share, increasing his direct holdings to 2,610 shares. The Form 4 was filed on 09/04/2025 and signed by an attorney-in-fact. The filing notes the $9.58 figure is a weighted average reflecting purchases at prices from $9.45 to $9.65 and offers to provide a transaction-level breakdown on request.

Positive

• Director purchase reported indicating additional direct ownership in HSON
• Weighted-average price and price range disclosed, improving transaction transparency
• Timely filing and signature by authorized representative on 09/04/2025

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchased 751 shares at a weighted-average $9.58, modestly increasing direct ownership to 2,610 shares.

The Form 4 documents an insider open-market purchase by a board director rather than an issuance or derivative exercise. The transaction size (751 shares) and post-transaction direct ownership (2,610 shares) are modest in absolute terms; no derivative activity or dispositions are reported. The weighted-average price disclosure and price range ($9.45 to $9.65) provide transparency on execution. This filing is a routine Section 16 disclosure and appears to have been executed and reported within customary timelines.

Corporate Governance Specialist

TL;DR: Routine insider purchase reported; timely filing and weighted-average price disclosed.

The report indicates the reporting person is a director and filed as an individual reporting person. The signature by an attorney-in-fact shows the filing was executed on behalf of the director. There are no amendments, derivative transactions, or changes in beneficial ownership form beyond a direct purchase. From a governance disclosure standpoint, the Form 4 provides required details: transaction date, amount, price basis, and resulting ownership.

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^*

Fruhbeis Todd Michael

(Last) (First) (Middle)

C/O HUDSON GLOBAL, 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. [ HSON ]

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)
09/02/2025

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.	09/02/2025		P		751	A	$9.58(1)	2,610	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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.45 to $9.65, inclusive. Mr. Fruhbeis undertakes to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.

Remarks:

	/s/ Hannah Bible, as Attorney-in-Fact for Todd Fruhbeis	09/04/2025
	** 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 insider transaction did Hudson Global (HSON) report on this Form 4?

Director Todd Michael Fruhbeis purchased 751 shares of HSON common stock on 09/02/2025 at a weighted-average price of $9.58 per share.

How many HSON shares does the reporting person own after the transaction?

Following the reported purchase, the filing shows the reporting person beneficially owned 2,610 shares directly.

Does the Form 4 disclose the price range for the purchases?

Yes. The filing states purchases occurred at prices ranging from $9.45 to $9.65, inclusive, with $9.58 as the weighted-average price.

Was this Form 4 filed on time and who signed it?

The Form 4 shows the reporting date 09/02/2025 and the filing was signed on 09/04/2025 by Hannah Bible as attorney-in-fact for Todd Fruhbeis.

Were any derivative transactions or dispositions reported in this filing?

No. The filing reports a non-derivative acquisition only; Table II (derivatives) contains no reported transactions.