Parks Louis A. 4

What Happened

• Louis A. Parks, a director of Star Equity Holdings, settled 485 restricted stock units (RSUs) into 485 shares of the company's 10.0% Series A Cumulative Perpetual Preferred Stock on May 19, 2026. The Form 4 reports the conversion/settlement (transaction code M). No cash price or total dollar value is provided in the filing.

Key Details

• Transaction date: May 19, 2026; Form 4 filed May 21, 2026 (appears to be timely within the usual two-business-day window).
• Transaction code: M (exercise or conversion of a derivative). The filing shows the derivative instrument was converted and the underlying preferred shares were received.
• Shares involved: 485 RSUs settled into 485 Series A Preferred shares. Per the filing, one RSU = right to one share of Series A Preferred (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F2 confirms settlement of RSUs on their scheduled vesting date; F3 explains these RSUs were originally granted by Star Operating Companies, Inc. and exchanged for 485 RSUs in the May 21, 2025 merger agreement, with 100% vesting on May 19, 2026.
• No 10b5-1 plan, open-market sale, or tax-withholding sale was reported.

Context

• This was a standard award settlement on vesting (conversion of RSUs into preferred shares), not an open-market purchase or sale. Such award settlements are routine compensation events and do not by themselves indicate a buy/sell signal from the insider.
• The filing does not disclose a per-share or total dollar amount for the preferred shares, so investors cannot infer the cash value of this settlement from this Form 4.