Palmer Jennifer 4

What Happened
Jennifer Palmer, a director of Star Equity Holdings, received 396 shares on March 25, 2026 through the exercise/conversion of a derivative (reported with transaction code M). The filing shows an "Acquired" entry for 396 shares and a matching "Disposed" entry tied to the conversion/settlement; no cash price or sale proceeds are reported (price = N/A).

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (filed within the typical 2-business-day window).
• Shares involved: 396 shares resulting from settlement of Restricted Stock Units (RSUs). Reported price: N/A (no cash sale reported).
• Shares owned after transaction: not explicitly stated in the filing.
• Notable footnotes:
  • F1/F2: Each RSU represents the right to one share; this transaction reflects scheduled RSU settlement on vesting.
  • F4: These 396 RSUs originated from an exchange of SOC (Star Operating Companies, Inc.) RSUs after a prior merger; 100% of those RSUs vested on 3/25/2026.
  • F3: The filing also references 7,012 RSUs credited to the reporting person's account under the issuer’s incentive plan (payable on a future date per plan terms).
• The "Disposed" line in the Form 4 reflects conversion/settlement of the derivative, not an open‑market sale.

Context
This was an award/settlement event (vested RSUs converted into common shares), not a purchase or a sale on the open market. Such settlements are routine when equity awards vest and generally do not by themselves signal a buy/sell decision by the insider.