Star Equity (NASDAQ: STRR) director nets 535 preferred shares from RSUs
Rhea-AI Filing Summary
Star Equity Holdings, Inc. (STRR) reported that director Todd Michael Fruhbeis settled previously granted Restricted Stock Units into shares of its 10.0% Series A Cumulative Perpetual Preferred Stock. On August 18, 2026, 535 Restricted Stock Units were exercised and converted into 535 shares of Series A Preferred Stock, eliminating this RSU position. Following the settlement, Fruhbeis directly holds 5,946 shares of Series A Preferred Stock. The RSUs originated from Star Operating Companies, Inc. awards that were exchanged into Star Equity RSUs in connection with a prior merger, and 100% of these units vested on August 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 535 shares
Net Buy
2 txns
Insider
Fruhbeis Todd Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2, F3 | 535 | -- | -- |
| Exercise | Series A Preferred Stock F1, F2 | 535 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Series A Preferred Stock — 5,946 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 535 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on August 18, 2026.
Key Figures
RSUs settled: 535 shares
Preferred shares acquired via conversion: 535 shares
Post-transaction Series A Preferred holdings: 5,946 shares
+2 more
5 metrics
RSUs settled
535 shares
Restricted Stock Units converted into Series A Preferred Stock on August 18, 2026
Preferred shares acquired via conversion
535 shares
Series A Preferred Stock received upon RSU settlement
Post-transaction Series A Preferred holdings
5,946 shares
Direct ownership of 10.0% Series A Cumulative Perpetual Preferred Stock after transactions
Series A dividend rate
10.0%
Dividend rate of the Series A Cumulative Perpetual Preferred Stock referenced in the RSUs
Vesting percentage for this RSU grant
100%
Portion of the exchanged RSUs that vested on August 18, 2026
Key Terms
Restricted Stock Unit, 10.0% Series A Cumulative Perpetual Preferred Stock, Agreement and Plan of Merger
3 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.
10.0% Series A Cumulative Perpetual Preferred Stock financial
"one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock"
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.
FAQ
What insider transaction did STRR director Todd Michael Fruhbeis report on this Form 4?
Fruhbeis reported the settlement of 535 Restricted Stock Units into 535 shares of Star Equity’s 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026. This reflects an RSU vesting and conversion, not an open-market purchase or sale.
What happened to the 535 Restricted Stock Units reported by STRR on this Form 4?
The 535 Restricted Stock Units were fully settled and converted into 535 shares of Series A Preferred Stock on their scheduled vesting date. As a result, the RSU derivative position is reported as 0 following the transaction, showing completion of this grant’s vesting.
Are the STRR transactions on this Form 4 open-market buys or sells?
No. The filing describes an exercise or conversion of Restricted Stock Units into Series A Preferred Stock, not open-market purchases or sales. The reporting shows derivative settlement and resulting preferred share ownership, rather than trading on a securities exchange.
How were Todd Michael Fruhbeis’s STRR RSUs originally granted and exchanged?
On August 18, 2025, Fruhbeis received RSUs from Star Operating Companies, Inc. (SOC), each tied to SOC Series A Preferred Stock. Under an Agreement and Plan of Merger, those SOC RSUs were exchanged for 535 Star Equity Restricted Stock Units, which later vested and settled.
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