Schedule 13G/A: Heartland Discloses 4.9% Stake in Hudson Global

Rhea-AI Filing Summary

Heartland Advisors, Inc., Heartland Holdings, Inc., and William R. Nasgovitz reported ownership of 170,584 shares of Hudson Global, Inc. common stock, representing 4.9% of the class. The filing states the reported shares are held with shared voting and dispositive power and were acquired and are held in the ordinary course of business, not to influence control of the issuer.

The Schedule 13G/A names Heartland Advisors as an SEC-registered investment adviser and identifies Heartland Holdings as the parent company and Mr. Nasgovitz as the control person. Contact information for the reporting persons and incorporated exhibits for a joint filing agreement and power of attorney are referenced.

Positive

• Clear disclosure of aggregate holding: 170,584 shares representing 4.9% of class
• Filed as passive under Schedule 13G/A with certification that shares are held in the ordinary course of business

Negative

• None.

Insights

Financial Analyst

TL;DR: A 4.9% passive stake reported; below the 5% threshold that typically triggers greater disclosure or active-owner scrutiny.

The filing discloses an aggregate holding of 170,584 shares representing 4.9% of Hudson Global's common stock held with shared voting and dispositive power. As a Schedule 13G/A filed under passive investor rules, this indicates the reporting persons view the position as non-control and held in the ordinary course of business. For investors, this is informative about ownership concentration but not indicative of an activist intent or control change given the sub-5% position and the explicit certification.

Corporate Governance Expert

TL;DR: Reporting shows coordinated disclosure by an adviser, parent, and control person but explicitly disclaims group control; governance impact appears minimal.

The Schedule 13G/A lists three related reporting persons with identical shared voting and dispositive power figures and includes a joint filing agreement and power of attorney by reference. The statement that the shares were not acquired to influence control and the filing under passive investor provisions suggest no immediate governance actions. The presence of a control person for the reporting entities is noted but Mr. Nasgovitz disclaims beneficial ownership of the reported shares, limiting direct governance implications for Hudson Global.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

Hudson Global, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

443787205

(CUSIP Number)

08/25/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 443787205

1

Names of Reporting Persons

HEARTLAND ADVISORS INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WISCONSIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 170,584.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 170,584.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

170,584.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.

SCHEDULE 13G

CUSIP No. 443787205

1

Names of Reporting Persons

Heartland Holdings, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WISCONSIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 170,584.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 170,584.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

170,584.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.

SCHEDULE 13G

CUSIP No. 443787205

1

Names of Reporting Persons

William R. Nasgovitz

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 170,584.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 170,584.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

170,584.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hudson Global, Inc.
(b)	Address of issuer's principal executive offices: 53 FOREST AVENUE, OLD GREENWICH, CONNECTICUT, 06870.
Item 2.
(a)	Name of person filing: (1) Heartland Advisors, Inc. (2) Heartland Holdings, Inc. (3) William R. Nasgovitz Heartland Advisors, Inc. is a wholly-owned subsidiary of Heartland Holdings, Inc., which is controlled by Mr. Nasgovitz.
(b)	Address or principal business office or, if none, residence: All reporting persons may be contacted at: 790 North Water Street, Suite 1200 Milwaukee, WI 53202
(c)	Citizenship: Heartland Advisors, Inc. is a Wisconsin corporation. Heartland Holdings, Inc. is a Wisconsin corporation. William R. Nasgovitz is a United States citizen.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 443787205
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 170,584 shares may be deemed beneficially owned within the meaning of Rule 13d-3 of the Act by (1) Heartland Advisors, Inc. by virtue of its investment discretion and/or voting authority granted by certain clients; (2) Heartland Holdings, Inc.; and (3) William R. Nasgovitz by virtue of his control of Heartland Advisors, Inc. and Heartland Holdings, Inc. Mr. Nasgovitz disclaims beneficial ownership of any shares reported on the Schedule. Heartland Holdings, Inc. files this Schedule solely as the parent company of Heartland Advisors, Inc. and indirect beneficial owner of the Common Stock held by Heartland Advisors, Inc.
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of:
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. A series of an investment company registered under the Investment Company Act of 1940 has the right to receive or the power to direct the receipt of dividends and proceeds from the sale of shares included on this Schedule.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 3 and Cover Pages.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HEARTLAND ADVISORS INC

Signature:	/s/ Vinita K. Paul
Name/Title:	Vinita K. Paul, Vice President, Chief Compliance Officer, General Counsel and Secretary
Date:	08/28/2025

Heartland Holdings, Inc.

Signature:	/s/ Vinita K. Paul
Name/Title:	Vinita K. Paul, Vice President, General Counsel and Secretary
Date:	08/28/2025

William R. Nasgovitz

Signature:	/s/ Vinita K. Paul
Name/Title:	Vinita K. Paul, As Attorney in Fact for William R. Nasgovitz (Pursuant to Power of Attorney Previously Filed)
Date:	08/28/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023) https://www.sec.gov/Archives/edgar/data/937394/000089271223000012/exhibit1.htm Exhibit 2 - Power of Attorney (incorporated by reference to Exhibit 2 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023) https://www.sec.gov/Archives/edgar/data/937394/000089271223000012/exhibit2.htm

FAQ

How many Hudson Global (HSON) shares do Heartland reporting persons own?

The reporting persons collectively disclose beneficial ownership of 170,584 shares, equal to 4.9% of Hudson Global common stock.

Does this Schedule 13G/A indicate Heartland seeks control of Hudson Global (HSON)?

No. The filing certifies the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

What voting and dispositive power is reported for HSON shares?

The filing reports 0 sole voting power and 170,584 shares with shared voting and shared dispositive power.

Who are the reporting persons on the Schedule 13G/A for HSON?

The filers are Heartland Advisors, Inc., Heartland Holdings, Inc., and William R. Nasgovitz.

Where can I find exhibits referenced in the filing?

The filing incorporates by reference Exhibit 1 (Joint Filing Agreement) and Exhibit 2 (Power of Attorney) from the reporting persons' Schedule 13G/A filed February 2, 2023, with SEC links provided in the exhibit section.