Star Equity Grants 460 RSUs to Director Jennifer Palmer; Vesting in One Year

Rhea-AI Filing Summary

Jennifer Palmer, a director of Star Equity Holdings, Inc. (STRRP), received a grant of 460 Restricted Stock Units on 08/18/2025. Each RSU represents the right to one share of the company's 10% Series A Cumulative Perpetual Preferred Stock, valued using the stated liquidation preference price of $10.00 per share. The RSUs vest on the first anniversary of the grant date, and upon settlement each unit converts into one preferred share.

The Form 4 was filed as a single reporting person transaction and is signed by an attorney-in-fact on behalf of the reporting person.

Insights

Financial Analyst

TL;DR: Director received a compensation grant of 460 RSUs in Series A preferred stock, vesting in one year, using a $10 liquidation preference.

This grant is a non-cash equity compensation award recorded on Form 4 showing a director-level allocation of 460 Restricted Stock Units. Each RSU converts to one share of the company's 10% Series A Cumulative Perpetual Preferred Stock, with the grant number determined using a $10.00 liquidation preference price. The award vests on the first anniversary of the 08/18/2025 grant date, indicating time-based vesting rather than immediate transfer. The filing is routine disclosure of an equity grant under the company's incentive plan.

Corporate Governance Expert

TL;DR: A director-level equity grant was disclosed; vesting and instrument type are clearly stated.

The Form 4 documents a director's award of 460 RSUs tied to the 10% Series A Cumulative Perpetual Preferred Stock, granted pursuant to the company's 2018 Incentive Plan, as amended. The disclosure specifies conversion mechanics (one RSU per preferred share), the liquidation preference price used to calculate the award, and a one-year cliff vesting schedule. The report is properly filed by one reporting person and includes an attorney-in-fact signature, consistent with standard governance reporting.

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

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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^*

Palmer Jennifer

(Last) (First) (Middle)

C/O STAR EQUITY HOLDINGS, INC.

53 FOREST AVENUE, SUITE 101

(Street)

OLD GREENWICH CT 06870

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STAR EQUITY HOLDINGS, INC. [ STRR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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

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

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

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

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
Restricted Stock Unit	(1)(2)	08/18/2025		A		460		(3)	(3)	10% Series A Cumulative Perpetual Preferred Stock	460	(1)	460	D

Explanation of Responses:

1. Award of Restricted Stock Units made in accordance with the Company's 2018 Incentive Plan, as amended. The number of Restricted Stock Units granted was determined using the liquidation preference price of STRRP of $10.00.

2. Each Restricted Stock Unit represents the right to receive, at settlement, one share of 10% Series A Cumulative Perpetual Preferred Stock.

3. The Restricted Stock Units granted on August 18, 2025 (the "Grant Date") are scheduled to vest upon the first anniversary of the Grant Date.

Remarks:

	/s/ Hannah Bible, as Attorney-in-Fact	08/18/2025
	** 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).
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