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

Rhea-AI Filing Summary

Star Equity Holdings, Inc. (STRR) director Mimi K. Drake reported a sale of 13,737 common shares on 09/15/2025 at a price of $9.37 per share under transaction code F. After the reported disposition, Drake beneficially owns 38,330 shares, held directly. The filing explains the 13,737 shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units that were granted between May 6, 2019 and August 15, 2024. The form was signed by an attorney-in-fact on 09/24/2025. This disclosure is a routine Section 16 reporting of an insider share-withholding transaction related to RSU vesting.

Insights

Securities Analyst

TL;DR: Insider withheld 13,737 shares for taxes after RSU vesting; remaining direct holding is 38,330 shares.

The transaction is coded F, which the filer explains as share withholding to satisfy tax obligations from prior RSU grants. Such transactions are administrative and non-cash dispositions that do not necessarily reflect open-market selling intent. The reported per-share price of $9.37 documents the withholding value on the execution date. For investors, this filing confirms timely Section 16 compliance and updates the insider's direct ownership stake.

Corporate Governance Expert

TL;DR: Routine tax-withholding on vested RSUs reported by a director; no indication of change in board role or control.

The explanation ties the disposition to RSU vesting events spanning 2019 to 2024. The form indicates direct ownership post-transaction and is signed by an attorney-in-fact, which is standard practice. There is no evidence in the filing of any additional transfers, pledges, or agreements affecting control. The disclosure is governance-compliant and clarifies the origin of the share reduction.

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).

1. Name and Address of Reporting Person^*

Drake Mimi K

(Last) (First) (Middle)

C/O STAR EQUITY HOLDINGS, INC.

53 FOREST AVENUE, SUITE 102

(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)
09/15/2025

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	09/15/2025		F		13,737(1)	D	$9.37	38,330	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. Represents shares withheld to satisfy tax obligations due in connection with the vesting of restricted stock units previously granted to the Reporting Person on May 6, 2019 through August 15, 2024.

Remarks:

	/s/ Hannah Bible, as Attorney-in-Fact for Mimi Drake	09/24/2025
	** 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.