Hale Partnership Fund, L.P. 4
4 · HG Holdings, Inc. · Filed Nov 30, 2021
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock, par value $0.02 per share
2021-11-26$10.05/sh+800$8,040→ 800 total(indirect: Smith - Hale Fund, L.P.) - Purchase
Common Stock, par value $0.02 per share
2021-11-29$10.05/sh+100$1,005→ 900 total(indirect: Smith - Hale Fund, L.P.)
Holdings
- 703,019(indirect: By Partnership)
Common Stock, par value $0.02 per share
- 97,678(indirect: Clark - Hale Fund, L.P.)
Common Stock, par value $0.02 per share
- 30,245(indirect: MGEN II - Hale Fund, L.P.)
Common Stock, par value $0.02 per share
Footnotes (3)
- [F1]Hale Partnership Capital Advisors, LLC ("Hale GP"), as the general partner to each of Hale Partnership Fund, L.P., Clark - Hale Fund, L.P., MGEN II - Hale Fund, L.P. and Smith - Hale Fund, L.P. (collectively, the "Hale Funds"), Hale Partnership Capital Management, LLC ("Hale Advisor"), as the investment manager to each of the Hale Funds, and Steven A. Hale II ("Mr. Hale"), as a principal of each of Hale GP and Hale Advisor, may be deemed to be beneficial owners of the shares held directly by the Hale Funds. Mr. Hale is the Chairman and Chief Executive Officer and a director of HG Holdings, Inc. (the "Company"). Each of Hale GP, Hale Advisor and Mr. Hale disclaims beneficial ownership of the shares referred to herein, except to the extent of its or his pecuniary interest therein.
- [F2]Does not include (i) 27,777 shares of Common Stock held directly by Mr. Hale pursuant to a restricted stock award granted to him in his individual capacity as Chairman and Chief Executive Officer of the Company or (ii) 139,326 shares of Common Stock held in a discretionary separately managed account for which Hale Advisor serves as investment manager.
- [F3]On July 15, 2021, the Company effectuated a 1-for-12 reverse stock split of its outstanding shares of Common Stock.