Parks Louis A. 4

What Happened

• Louis A. Parks, a director of Star Equity Holdings, reported two related transactions: the settlement/conversion of 417 Restricted Stock Units (RSUs) that vested on March 25, 2026, and an open-market purchase of 1,500 common shares on March 27, 2026 at $10.01 per share, costing $15,015. The RSU settlement was reported as an exercise/conversion (derivative transaction).

Key Details

• Transactions and dates:
  • March 25, 2026 — 417 RSUs settled/converted (reported as derivative exercise/conversion, code M). Footnotes indicate these were SOC RSUs exchanged for 417 issuer RSUs and vested on March 25, 2026.
  • March 27, 2026 — Open-market purchase of 1,500 shares at $10.01 (code P), total $15,015.
• Shares/units noted in filing: the filing references 7,012 RSUs credited under the issuer’s 2009 plan and the 417 RSUs that vested/settled. Each RSU represents the right to one share at settlement. The Form 4 does not state a single consolidated total of shares owned after these transactions.
• Footnotes of note:
  • F1/F2: RSUs equal one share at settlement; the 417 units represent scheduled vesting settlement.
  • F3: 7,012 RSUs remain credited under the issuer plan (payable on their schedule).
  • F4: Explains the SOC RSU-to-issuer-RSU exchange and the March 25, 2026 vesting.
• Timeliness: Reported on March 27, 2026 for transactions on March 25–27, 2026; filing appears timely (within the typical two-business-day window).

Context

• The RSU transaction is a settlement of equity awards (not a market sale) and reflects scheduled vesting rather than a directional trade. The March 27 open-market purchase is a straightforward insider buy (a bullish signal to some investors, though not proof of future performance). No 10b5‑1 trading plan, tax-withholding sale, or cashless exercise was indicated in the footnotes.