Star Equity (STRR) Director Jennifer Palmer Receives 460 Preferred Shares

What Happened
Jennifer Palmer, a director of Star Equity Holdings, had 460 restricted stock units (RSUs) settle on August 18, 2026 into 460 shares of the issuer’s 10.0% Series A Cumulative Perpetual Preferred Stock. The Form 4 shows an acquisition of 460 shares and a corresponding disposition of 460 shares (both reported as derivative transactions, code M — exercise/conversion). No price or total dollar value is reported (N/A). This was a scheduled RSU settlement on vesting, not an open‑market purchase or sale.

Key Details

• Transaction date: August 18, 2026; Form 4 filed August 19, 2026 (timely).
• Reported: 460 shares acquired (derivative) and 460 shares disposed (derivative); net change = 0 shares.
• Price per share / total value: N/A (not reported).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: RSUs convert 1-for-1 into Series A Preferred Stock (10.0% cumulative, par $0.001). The RSUs were originally granted by Star Operating Companies, Inc. on Aug 18, 2025, exchanged for 460 RSUs under the May 21, 2025 merger agreement, and 100% vested on Aug 18, 2026.
• Transaction code: M = exercise/conversion of derivative; the “Disposed (Derivative)” entry reflects conversion/settlement mechanics, not necessarily an open‑market sale.

Context
This was a routine vesting/settlement of compensation RSUs that resulted in conversion to preferred shares; it does not by itself indicate buying or selling sentiment in the open market. Derivative settlements and immediate conversions are common following vesting or merger-related exchanges.