Solas Capital trims HG Holdings (STLY) stake with 60K-share open-market sale

Rhea-AI Filing Summary

HG Holdings, Inc. saw accounts managed by Solas Capital Management report an open-market sale of 60,240 shares of common stock at $4.75 per share. Following the transaction, the reporting accounts held 702,487 shares indirectly, with Solas Capital and Frederick Tucker Golden each disclaiming beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

Net Seller: 60,240 shares ($286,140)

Net Sell 1 txn

Insider Solas Capital Management, LLC, FREDERICK TUCKER GOLDEN

Role 10% Owner | 10% Owner

Sold 60,240 shs ($286K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $.02 per share	60,240	$4.75	$286K

Holdings After Transaction: Common Stock, par value $.02 per share — 702,487 shares (Indirect, See Footnote)

Footnotes (1)

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Key Figures

Shares sold: 60,240 shares Sale price: $4.75 per share Shares held after transaction: 702,487 shares

3 metrics

Shares sold 60,240 shares Open-market sale of common stock

Sale price $4.75 per share Price for the reported open-market sale

Shares held after transaction 702,487 shares Indirect holdings following the sale

Key Terms

ten percent owner, indirect ownership, pecuniary interest, Section 16

4 terms

ten percent owner financial

"is_ten_percent_owner": 1"

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "See Footnote""

pecuniary interest financial

"disclaims beneficial ownership ... except to the extent of its or his pecuniary interest"

Section 16 regulatory

"beneficial owner of such securities for purposes of Section 16 or for any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Form 4 Insider Transactions: What Each Field Means →

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^*

Solas Capital Management, LLC

(Last) (First) (Middle)

1063 POST ROAD

2ND FLOOR

(Street)

DARIEN CONNECTICUT 06820

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HG Holdings, Inc. [ STLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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, par value $.02 per share	03/30/2026		S		60,240	D	$4.75	702,487	I	See Footnote(1)

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

1. Name and Address of Reporting Person^*

Solas Capital Management, LLC

(Last) (First) (Middle)

1063 POST ROAD

2ND FLOOR

(Street)

DARIEN CONNECTICUT 06820

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FREDERICK TUCKER GOLDEN

(Last) (First) (Middle)

C/O SOLAS CAPITAL MANAGEMENT, LLC

1063 POST ROAD, 2ND FLOOR

(Street)

DARIEN CONNECTICUT 06820

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The securities reported herein are held in multiple accounts. Solas Capital Management, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such accounts. Frederick Tucker Golden may be deemed to be a beneficial owner of such securities by virtue of his role as the portfolio manager of Solas Capital Management, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

	SOLAS CAPITAL MANAGEMENT, LLC, By: /s/ Frederick Tucker Golden, Frederick Tucker Golden, Portfolio Manager	03/31/2026
	Frederick Tucker Golden, /s/ Frederick Tucker Golden	03/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HG Holdings (STLY) report on this Form 4?

HG Holdings reported that accounts managed by Solas Capital Management executed an open-market sale of 60,240 shares of common stock at $4.75 per share. After this sale, the reporting accounts held 702,487 shares indirectly, according to the filing.

Who is reported as selling HG Holdings (STLY) shares in this filing?

The sale is attributed to multiple accounts for which Solas Capital Management, LLC acts as investment manager. Frederick Tucker Golden is the portfolio manager of Solas Capital. Both reporting persons may be deemed beneficial owners but disclaim ownership beyond any pecuniary interest.

How many HG Holdings (STLY) shares were sold and at what price?

The filing shows an open-market sale of 60,240 shares of HG Holdings common stock at a price of $4.75 per share. The transaction involved non-derivative common stock with a par value of $0.02 per share.

What is the remaining HG Holdings (STLY) position after this Form 4 sale?

After the reported transaction, the accounts managed by Solas Capital held 702,487 shares of HG Holdings common stock indirectly. This figure reflects the total shares following the transaction, as disclosed in the Form 4 data.

How is ownership of HG Holdings (STLY) shares characterized for Solas Capital and Frederick Tucker Golden?

The filing explains that Solas Capital, as investment manager, and Frederick Tucker Golden, as portfolio manager, may be deemed beneficial owners. However, each disclaims beneficial ownership except to the extent of any pecuniary interest in the reported securities.

What type of transaction code is used in this HG Holdings (STLY) Form 4?

The transaction uses code S, meaning a sale in an open-market or private transaction. It involves non-derivative common stock and is classified in the data as an open-market sale with an indirect ownership designation.