Star Equity (STRR) CEO settles 860 RSUs into preferred stock
Rhea-AI Filing Summary
Star Equity Holdings, Inc. (STRR) reported that Chief Executive Officer and director Jeffrey E. Eberwein settled 860 Restricted Stock Units into shares of the company’s 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026, their scheduled vesting date. The derivative RSUs were fully disposed of and converted into 860 shares of Series A Preferred Stock, increasing his directly held Series A Preferred position to 765,937 shares. The RSUs originated from awards granted by Star Operating Companies, Inc. and were exchanged into 860 Star Equity RSUs under a prior merger agreement, with 100% of this grant vesting on August 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 860 shares
Net Buy
2 txns
Insider
Eberwein Jeffrey E.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2, F3 | 860 | -- | -- |
| Exercise | Series A Preferred Stock F1, F2 | 860 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Series A Preferred Stock — 765,937 shares (Direct)
Footnotes (3)
- 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. On August 18, 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 860 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on August 18, 2026.
Key Figures
Restricted Stock Units settled: 860 shares
Series A Preferred Stock acquired: 860 shares
Series A Preferred holdings after transaction: 765,937 shares
+5 more
8 metrics
Restricted Stock Units settled
860 shares
Number of RSUs settled into Series A Preferred Stock on August 18, 2026
Series A Preferred Stock acquired
860 shares
Shares of 10.0% Series A Cumulative Perpetual Preferred Stock received upon RSU settlement
Series A Preferred holdings after transaction
765,937 shares
Total directly held by Jeffrey E. Eberwein following the August 18, 2026 settlement
Series A Preferred dividend rate
10.0%
Dividend rate of the Series A Cumulative Perpetual Preferred Stock referenced in the RSU terms
RSU vesting percentage
100%
Portion of the 860 Restricted Stock Units that vested on August 18, 2026
Original SOC RSU exchange amount
860 Restricted Stock Units
Number of Star Equity RSUs received in exchange for SOC RSUs under the merger agreement
Merger agreement date
May 21, 2025
Date of the Agreement and Plan of Merger among SOC, Star Equity and HSON Merger Sub, Inc.
SOC RSU grant date
August 18, 2025
Date the reporting person was granted RSUs by Star Operating Companies, Inc.
Key Terms
Restricted Stock Unit, Cumulative Perpetual Preferred Stock, Series A Preferred Stock, Agreement and Plan of Merger, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share"
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.
Cumulative Perpetual Preferred Stock financial
"Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001"
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.
Series A Preferred Stock financial
"shares of the Issuer's 10.0% Series A Cumulative Perpetual 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.
Agreement and Plan of Merger financial
"Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025"
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.
vesting date financial
"settlement of Restricted Stock Units in shares of Series A Preferred Stock on their scheduled vesting date"
FAQ
What insider transaction did STRR report for CEO Jeffrey E. Eberwein on August 18, 2026?
Jeffrey E. Eberwein settled 860 Restricted Stock Units into 860 shares of Star Equity’s 10.0% Series A Cumulative Perpetual Preferred Stock. This represented the scheduled vesting and settlement of a prior RSU grant rather than an open-market purchase or sale.
What happened to the 860 Restricted Stock Units reported in the STRR Form 4?
The 860 Restricted Stock Units were fully settled and disposed of in exchange for 860 shares of Series A Preferred Stock. The transaction eliminated the RSU derivative position and converted it into an equivalent number of preferred shares held directly by the reporting person.
What is the nature of the STRR Series A Preferred Stock received by the CEO?
The shares received are 10.0% Series A Cumulative Perpetual Preferred Stock with a par value of $0.001 per share. Each Restricted Stock Unit entitled the holder, upon settlement, to receive one share of this Series A Preferred Stock as specified in the award terms.
How were the STRR RSUs originally granted and later exchanged before vesting?
On August 18, 2025, Jeffrey E. Eberwein received RSUs from Star Operating Companies, Inc. (SOC), each for one share of SOC Series A Preferred. Under a May 21, 2025 Agreement and Plan of Merger, these SOC RSUs were exchanged for 860 Star Equity RSUs, which fully vested on August 18, 2026.
Did the STRR Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not marked as affirmative, indicating the transactions were not reported as occurring under a Rule 10b5-1 trading plan. The activity reflects scheduled vesting and settlement of Restricted Stock Units into preferred shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
