Star Equity (HSON) CEO sells preferred shares while RSUs vest into common
Rhea-AI Filing Summary
Star Equity Holdings, Inc. Chief Executive Officer and 10% owner Jeffrey E. Eberwein reported a mix of stock sales and equity vesting. He sold a total of 15,278 shares of Series A Preferred Stock in open-market transactions on March 25–27 at prices between $9.83 and $9.98 per share, leaving 771,939 preferred shares directly owned after the last sale. On March 25, he also exercised 740 Restricted Stock Units for no cash cost, receiving 740 shares of common stock and bringing his direct common stock holdings to 1,034,477 shares following the transaction. The RSUs originated from an earlier grant at Star Operating Companies, Inc. that was converted into Star Equity RSUs under a prior merger agreement and fully vested on March 25, 2026.
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Insights
CEO reports modest preferred stock sales alongside routine RSU vesting.
Jeffrey E. Eberwein, CEO and 10% owner of Star Equity Holdings, sold 15,278 shares of Series A Preferred Stock over three days at prices around $9.83–$9.98. After these transactions he still directly owns 771,939 preferred shares.
On the same week, he settled 740 Restricted Stock Units into 740 common shares at a stated price of $0.00, lifting his direct common stock position to 1,034,477 shares. Footnotes describe this as scheduled vesting from RSUs previously converted in connection with a merger, indicating a compensation-driven, routine equity award settlement.
The filing reflects a net sale of 15,278 shares when combining sales and the RSU-related acquisition, with no remaining derivative positions shown in this excerpt. Given the much larger disclosed post-transaction holdings, these trades appear incremental rather than thesis-changing for the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series A Preferred Stock | 7,354 | $9.98 | $73K |
| Sale | Series A Preferred Stock | 424 | $9.83 | $4K |
| Exercise | Restricted Stock Unit | 740 | $0.00 | -- |
| Exercise | Common Stock. | 740 | $0.00 | -- |
| Sale | Series A Preferred Stock | 7,500 | $9.95 | $75K |
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date. Includes (i) 14,621 shares of restricted stock credited to the Reporting Person's account under the Issuer's 2009 Incentive Plan; (ii) 6,750 RSUs; and (iii) 1,013,106 shares of common stock. Excludes 1,690 shares indirectly owned in contributory 401(k) and IRA accounts. Each share of restricted stock and each RSU shall vest upon the first anniversary of the grant date and represents the right to receive, at settlement, one share of common stock. On March 25, 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 common 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 740 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on March 25, 2026.
