Star Equity (STRR) Director Louis A. Parks Receives 485 Preferred Shares

What Happened

• Louis A. Parks, a director of Star Equity Holdings, received 485 shares of the company's 10.0% Series A Cumulative Perpetual Preferred Stock on August 18, 2026. The shares were issued upon settlement of Restricted Stock Units (RSUs) that vested; no purchase price or cash consideration is reported (price = N/A).
• The Form 4 shows both the conversion/exercise of a derivative instrument and the acquisition of 485 underlying preferred shares — effectively the RSUs were settled into preferred stock rather than a market purchase or sale.

Key Details

• Transaction date: August 18, 2026; Form 4 filed August 19, 2026 (filed promptly the next day).
• Transaction type: Exercise/conversion of derivative (code M) resulting in settlement of RSUs into 485 Series A Preferred shares. Price and total dollar value not reported (N/A).
• Shares owned after transaction: not stated in the filing.
• Notable footnotes:
  • Each RSU converts to one share of the Issuer's 10.0% Series A Cumulative Perpetual Preferred Stock (Footnote F1).
  • This was the scheduled settlement of RSUs on their vesting date (Footnote F2).
  • The RSUs originated from a 2025 grant by Star Operating Companies, Inc. and were exchanged for 485 RSUs under a merger agreement; 100% vested on August 18, 2026 (Footnote F3).

Context

• This is a compensation/award settlement (RSU vesting), not an open-market buy or sale — such transactions are routine and reflect scheduled vesting rather than a trading decision.
• The underlying security is preferred stock (10% cumulative perpetual), which behaves differently from common stock (dividend preference, not typical voting/common upside).
• No cash proceeds or tax-withholding details were reported on the Form 4.