Solas Capital Management, LLC 4

What Happened
Solas Capital Management, LLC — reported as a 10% owner of HG Holdings (ticker: STLY) — disposed of 60,240 shares on March 30, 2026. The sale price was $4.75 per share, for total proceeds of $286,140. The Form 4 lists the transaction as an open-market or private sale (code S), which is a sale rather than a purchase (i.e., not a bullish buy).

Key Details

• Transaction date and price: 2026-03-30, 60,240 shares sold at $4.75 each. Total value: $286,140.
• Transaction type: Sale (open market or private sale), reported on Form 4 filed 2026-03-31 (filed the next day).
• Shares owned after transaction: Not specified in the information provided on this summary.
• Footnote: The securities are held in multiple accounts managed by Solas Capital; Solas may be deemed beneficial owner in its role as investment manager. Frederick Tucker Golden may be deemed a beneficial owner as portfolio manager. Both disclaim beneficial ownership except to the extent of any pecuniary interest (see footnote F1).
• No indication in the filing of a 10b5-1 plan, tax-withholding sale, or that the filing was late.

Context
This is an institutional sale by a reported 10% owner (investment manager), not an executive or officer-level trade. Sales by institutional holders are routine portfolio management activity and do not by themselves indicate management’s view of company prospects.