Star Equity director buys shares, settles RSUs
Star Equity Holdings director Todd Michael Fruhbeis increased his stake through open-market purchases and equity awards.
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Form Type
4
Rhea-AI Filing Summary
Star Equity Holdings director Todd Michael Fruhbeis increased his stake through open-market purchases and equity awards. He bought 400 shares of Common Stock at $10.98 per share and 1 share at $10.25 per share. Following these trades, he directly holds 13,474 common shares.
He also settled 535 Restricted Stock Units into 535 shares of 10.0% Series A Cumulative Perpetual Preferred Stock at no cash exercise price on their scheduled vesting date, bringing his Series A Preferred Stock holdings to 5,111 shares. Footnotes note an additional 7,012 Restricted Stock Units credited under the company’s 2009 Incentive Stock and Awards Plan, each representing one future common share.
Insider Trade Summary
Net Buyer: 401 shares
Net Buy
4 txns
Insider
Fruhbeis Todd Michael
Role
Director
Bought
401 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 400 | $10.98 | $4K |
| Purchase | Common Stock | 1 | $10.25 | $10.25 |
| Exercise | Restricted Stock Unit | 535 | $0.00 | $0.00 |
| Exercise | Series A Preferred Stock | 535 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Series A Preferred Stock — 5,111 shares (Direct);
Common Stock — 13,474 shares (Direct)
Footnotes (4)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock").
- F2. This transaction represents the settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date.
- F3. Includes 7,012 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit represents the right to receive, at settlement, one share of Common Stock payable upon the first anniversary of the Grant Date.
- F4. On May 19, 2025, 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 Series A Preferred 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 535 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on May 19, 2026.
Key Figures
Open-market purchase: 400 shares at $10.98
Additional purchase: 1 share at $10.25
Common shares held: 13,474 shares
+3 more
6 metrics
Open-market purchase
400 shares at $10.98
Common Stock bought in open market on May 21, 2026
Additional purchase
1 share at $10.25
Common Stock bought in open market on May 20, 2026
Common shares held
13,474 shares
Total Common Stock directly owned after transactions
RSUs settled
535 units
Restricted Stock Units converted into Series A Preferred Stock
Series A Preferred held
5,111 shares
10.0% Series A Cumulative Perpetual Preferred Stock after settlement
Unsettled RSUs
7,012 units
RSUs under 2009 Incentive Stock and Awards Plan for future Common Stock
Key Terms
Restricted Stock Unit, Series A Preferred Stock, Cumulative Perpetual Preferred Stock, 2009 Incentive Stock and Awards Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Series A Preferred Stock financial
"one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock")"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
Cumulative Perpetual Preferred Stock financial
"10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share"
A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.
2009 Incentive Stock and Awards Plan financial
"Includes 7,012 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated"
Agreement and Plan of Merger financial
"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."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Todd Michael Fruhbeis report for Star Equity Holdings (STRR)?
Todd Michael Fruhbeis reported open-market purchases of Common Stock and an equity award settlement. He bought 400 shares at $10.98 and 1 share at $10.25, and converted 535 Restricted Stock Units into 535 shares of Series A Preferred Stock at no cash cost.
What happened to the 535 Restricted Stock Units in the Star Equity Holdings Form 4?
The 535 Restricted Stock Units were settled into 535 shares of 10.0% Series A Cumulative Perpetual Preferred Stock. The units vested on May 19, 2026, and were exchanged pursuant to a prior merger agreement that converted SOC RSUs into Star Equity Restricted Stock Units.
What are Star Equity Holdings’ Series A Preferred Stock details mentioned in the filing?
Each Restricted Stock Unit represented one share of 10.0% Series A Cumulative Perpetual Preferred Stock with $0.001 par value. After settlement of 535 units, Todd Michael Fruhbeis holds 5,111 shares of this Series A Preferred Stock, according to the Form 4 ownership information.
Does Todd Michael Fruhbeis hold additional Star Equity equity awards beyond the reported trades?
Yes. A footnote states he has 7,012 Restricted Stock Units under the 2009 Incentive Stock and Awards Plan. Each unit entitles him to receive one share of Common Stock, payable upon the first anniversary of the applicable grant date, providing additional future equity exposure.
What is the significance of the merger agreement mentioned in the Star Equity Form 4 footnotes?
The footnotes explain that prior SOC Restricted Stock Units were exchanged for 535 Star Equity Restricted Stock Units under an Agreement and Plan of Merger. These exchanged units later vested fully on May 19, 2026, and were settled into Series A Preferred Stock for Todd Michael Fruhbeis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
