[Form 4] Star Equity Holdings, Inc. Series A Cumulative Perpetual Preferred Stock Insider Trading Activity

Rhea-AI Filing Summary

Star Equity Holdings (STRR) – Form 4 insider transaction

Chief Financial Officer David J. Noble reported a routine equity-compensation event on 27-Jul-2025. A scheduled vesting and settlement of 3,413 Restricted Stock Units (code M) delivered an equal number of common shares. To satisfy minimum statutory withholding, the issuer withheld 1,102 shares at $2.10 each (code F). After the net issuance, Noble’s direct holdings rise to 28,466 common shares.

• The RSU grant vests in three equal tranches: 27-Jul-2024 (completed), 27-Jul-2025 (this filing) and 27-Jul-2026 (remaining).
• All share amounts reflect the 1-for-5 reverse split completed 12-Jun-2024.

No open-market buying or selling occurred; the filing reflects normal compensation mechanics rather than a discretionary valuation call.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; neutral valuation signal.

The CFO’s acquisition stems from pre-scheduled equity awards, not open-market conviction. Net ownership increases modestly but the 28.5k-share stake remains immaterial relative to float, so trading impact is negligible. Because the shares were issued, not purchased, dilution is already contemplated in GAAP share counts, and the $2.10 tax-withholding price is administrative, offering no read-through on intrinsic value.

Corporate Governance Expert

TL;DR: Filing evidences timely Section-16 compliance; no red flags.

Noble disclosed the transaction within two business days, aligning with SEC requirements. The reverse-split adjustment is clearly stated, and share withholding follows standard practice. The progressive vesting schedule incentivises continued service through July 2026. Overall, governance posture appears sound, and the event is not considered market-moving.

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).

1. Name and Address of Reporting Person^*

Noble David J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/27/2025

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
Common Stock	07/27/2025		M		3,413(1)	A	(2)(3)	29,568(1)	D
Common Stock(4)	07/27/2025		F		1,102(1)(4)	D	$2.1	28,466(1)	D

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	(2)(3)	07/27/2025		M			3,413(1)	(5)	(5)	Common Stock	3,413(1)	(2)	3,413(1)	D

Explanation of Responses:

1. On June 12, 2024, the Issuer effected a 1-for-5 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.

2. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

3. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.

4. Shares withheld by Issuer to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units. No shares were sold.

5. As to this grant, one-third of the Restricted Stock Units vested on each of July 27, 2024 and July 27,2025, and one-third of the Restricted Stock Units are scheduled to vest on July 27, 2026, subject to the Reporting Person continuing to provide service through such date.

Remarks:

	/s/ Hannah Bible, as Attorney-in-fact	07/28/2025
	** 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).
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.

FAQ

What did Star Equity’s CFO report in the July 2025 Form 4?

David J. Noble disclosed the vesting of 3,413 Restricted Stock Units that converted to common shares on 27-Jul-2025.

How many shares were withheld for taxes and at what price?

The issuer retained 1,102 shares at $2.10 per share to cover statutory withholding.

How many Star Equity shares does the CFO now own?

Following the transaction, Noble holds 28,466 direct shares of common stock.

Was this an open-market purchase or sale?

No. The shares were issued through RSU settlement; none were bought or sold on the open market.

When will the remaining RSUs vest?

The final one-third tranche, representing another 3,413 units, is scheduled to vest on 27-Jul-2026.

Why do share counts differ from earlier filings?

All numbers were restated for the 1-for-5 reverse stock split executed on 12-Jun-2024.