Jeffrey E. Eberwein Reports 19.73% of Star Equity (STRRP) and $17.85M Purchase

Jeffrey E. Eberwein filed Amendment No. 7 to his Schedule 13D reporting beneficial ownership of 692,972 shares of Star Equity Holdings, Inc. common stock, representing 19.73% of the class based on 3,512,239 shares (which includes 49,450 warrants).

Rhea-AI Filing Summary

Jeffrey E. Eberwein filed Amendment No. 7 to his Schedule 13D reporting beneficial ownership of 692,972 shares of Star Equity Holdings, Inc. common stock, representing 19.73% of the class based on 3,512,239 shares (which includes 49,450 warrants). The aggregate purchase price for the 692,972 shares is approximately $17,851,886, excluding commissions. Mr. Eberwein also owns 1,151,072 shares of the issuer's 10% Series A Cumulative Perpetual Preferred Stock. The amendment notes the issuer accelerated distribution of vested restricted stock units to Mr. Eberwein on September 15, 2025, resulting in receipt of 145,620 common shares. Recent transactions in the last 60 days are referenced in Exhibit 99.1.

Positive

• Significant disclosed stake: Beneficial ownership of 19.73% of common shares is clearly reported
• Transparent financial detail: Aggregate purchase price (~$17,851,886) provided for the reported common shares
• Vesting acceleration disclosed: Receipt of 145,620 common shares on September 15, 2025 was explicitly reported
• Preferred holdings disclosed: Ownership of 1,151,072 shares of 10% Series A Cumulative Perpetual Preferred Stock is stated

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting person holds a near-20% common stake plus substantial preferred shares, indicating a significant ownership position.

The filing documents that Mr. Eberwein beneficially owns 692,972 common shares (19.73%) and 1,151,072 preferred shares, and that an accelerated distribution added 145,620 common shares on September 15, 2025. The reported aggregate purchase price for the common stake is about $17.85 million. For investors, a nearly 20% holder can influence corporate decisions and voting outcomes; the existence of sizable preferred holdings may affect capital structure and dividend obligations. The filing also points to recent transactions detailed in Exhibit 99.1, which market participants should review for timing and price details.

Corporate Governance Expert

TL;DR: Amendment confirms material beneficial ownership and accelerated vesting, both relevant to control and governance.

The amendment clarifies that previously excluded restricted units vested and were distributed, increasing disclosed beneficial ownership. A 19.73% common stake combined with over 1.15 million preferred shares is material from a governance perspective because it changes the register of significant holders and could affect board or strategic outcomes. The filing complies with Schedule 13D disclosure by updating source of funds, share counts, and referencing Exhibit 99.1 for recent trades.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many common shares of Star Equity Holdings (STRRP) does Jeffrey E. Eberwein beneficially own?

The filing states Mr. Eberwein beneficially owns 692,972 common shares, representing 19.73% of the class based on 3,512,239 shares.

What was the aggregate purchase price for Mr. Eberwein's reported common shares?

The aggregate purchase price for the 692,972 common shares is approximately $17,851,886, excluding brokerage commissions.

Did Mr. Eberwein receive any additional common shares recently?

Yes. On September 15, 2025, the issuer accelerated distribution of vested restricted stock units, and Mr. Eberwein received 145,620 common shares.

Does Mr. Eberwein hold any preferred stock of the issuer?

Yes. The filing reports ownership of 1,151,072 shares of the issuer's 10% Series A Cumulative Perpetual Preferred Stock.

Where can I find Mr. Eberwein's recent transactions in the issuer's shares?

The filing refers to Exhibit 99.1 (Schedule A) for transactions in the last 60 days; Exhibit 99.1 is incorporated by reference in this amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/18/2025 - 09:01 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Star Equity Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

443787205

(CUSIP Number)

JEFFREY E. EBERWEIN
53 Forest Avenue, Suite 102,
Old Greenwich, CT, 06870
475-988-2068

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 443787205

1

Name of reporting person

JEFFREY E. EBERWEIN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 692,972.00
8	Shared Voting Power
9	Sole Dispositive Power 692,972.00
10	Shared Dispositive Power

11

Aggregate amount beneficially owned by each reporting person

692,972.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.7 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Includes 49,450 shares of common stock underlying immediately exercisable warrants ("Warrants") to purchase Star common stock. Excludes 8,918 restricted shares granted on September 15, 2025 ("Restricted Grant Date"), under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated, which vest upon the anniversary of the Restricted Share Grant Date.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share
(b)	Name of Issuer: Star Equity Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 53 FOREST AVENUE, SUITE 102, OLD GREENWICH, CONNECTICUT , 06870.
Item 1 Comment: The following constitutes Amendment No. 7 to the Schedule 13D filed by the undersigned ("Amendment No. 7"). This Amendment No. 7 amends the Schedule 13D as specifically set forth herein.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated as follows: The aggregate purchase price of the 692,972 Shares beneficially owned by Mr. Eberwein is approximately $17,851,886, excluding brokerage commissions. In addition to the 692,972 Shares, Mr. Eberwein owns 1,151,072 shares of the Issuer's 10% Series A Cumulative Perpetual Preferred Stock.
Item 4.	Purpose of Transaction
	Item 4 of the Original Schedule 13D is hereby amended to add the following: On September 15, 2025, the Issuer accelerated the distribution of the vested restricted stock units previously granted to the Reporting Person for his services as Chief Executive Officer and a director pursuant to the Issuer's 2009 Incentive Stock and Awards Plan. As a result of the acceleration, the Reporting Person received 145,620 shares of common stock, which had previously been excluded as they had been payable up to 90 days following the Reporting Person ceasing to provide services to the Issuer, and, therefore, were not considered to be beneficially owned.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by the Reporting Person is based upon 3,512,239 Shares, which is inclusive of 3,462,789 shares outstanding as of September 18, 2025 in addition to 49,450 Warrants attributed to the Reporting Person. The total number of Shares outstanding is based on information provided by the Issuer to the Reporting Person. As of the close of business on September 18, 2025, Mr. Eberwein beneficially owned 692,972 Shares. Percentage: 19.73%
(b)	1. Sole power to vote or direct vote: 692,972 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 692,972 4. Shared power to dispose or direct the disposition: 0
(c)	Jeff Eberwein's transactions in the Shares in the last 60 days are set forth in Schedule A, attached hereto as Exhibit 99.1, and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibits: Exhibit 99.1 - Schedule A.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JEFFREY E. EBERWEIN

Signature:	/s/ Jeffrey E. Eberwein
Name/Title:	Jeffrey E. Eberwein
Date:	09/18/2025