Star Equity (STRR) CEO Jeffrey E. Eberwein Receives 860 Preferred Shares

What Happened Jeffrey E. Eberwein, CEO of Star Equity Holdings, had 860 restricted stock units (RSUs) settle on August 18, 2026 and were converted into 860 shares of the company's 10.0% Series A Cumulative Perpetual Preferred Stock. The Form 4 records an exercise/conversion (transaction code M) showing 860 acquired and a corresponding 860 disposed (derivative canceled). No per‑share price or total value is reported in the filing.

Key Details

• Transaction date: August 18, 2026 (reported on Form 4 filed August 19, 2026) — timely filing.
• Transaction code: M (exercise or conversion of a derivative); filing shows both acquisition of 860 shares and disposition of 860 derivative units (RSUs).
• Securities: Series A Preferred Stock (10.0% Cumulative Perpetual), par $0.001; price per share and total value: N/A in filing.
• Origin of award: These RSUs were originally granted by Star Operating Companies, Inc. on August 18, 2025, exchanged in the May 21, 2025 merger agreement for 860 Issuer RSUs, and 100% vested on August 18, 2026.
• Shares owned after transaction: not specified in the provided filing.

Context This was a scheduled RSU settlement/vesting that converted award units into preferred shares rather than an open‑market purchase or sale. The disposition line reflects cancellation/settlement of the derivative award (the RSUs) rather than a sale to a third party. Such settlements are routine compensation events and are informational rather than directional trading signals.