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Star Equity Holdings, Inc.·4

Mar 27, 6:34 PM ET

Fruhbeis Todd Michael 4

Research Summary

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Updated

Star Equity (STRR) Director Todd Fruhbeis Buys Stock; 460 RSUs Vest

What Happened Todd Michael Fruhbeis, a director of Star Equity Holdings, acquired shares in multiple open-market purchases between March 25–27, 2026 and also had 460 restricted stock units (RSUs) convert/settle on March 25, 2026 upon vesting. Open-market buys: 500 @ $9.76 and 300 @ $9.82 on 3/25; 500 @ $10.15 and 300 @ $10.17 on 3/26; 500 @ $10.10 and 300 @ $10.15 on 3/27 — a total of 2,400 shares for $24,047. The 460 RSUs were converted/settled per the filing (no cash amount shown) following scheduled vesting. Purchases are open-market buys (cash outlay); RSU settlement is vesting of previously granted awards.

Key Details

  • Transaction dates/prices:
    • 2026-03-25: 500 shares @ $9.76 ($4,880) and 300 shares @ $9.82 ($2,946)
    • 2026-03-26: 500 shares @ $10.15 ($5,075) and 300 shares @ $10.17 ($3,051)
    • 2026-03-27: 500 shares @ $10.10 ($5,050) and 300 shares @ $10.15 ($3,045)
    • 2026-03-25: 460 RSUs exercised/converted/settled on vesting (no cash price reported)
  • Total acquired: 2,400 open-market shares for $24,047, plus 460 shares from RSU settlement = 2,860 shares newly received.
  • Shares owned after the transactions: not specified in the filing.
  • Footnotes of note:
    • F1/F2: Each RSU converts to one share at settlement; the 460 RSUs settled on their scheduled vesting date.
    • F3: Filing references 7,012 RSUs credited under the issuer’s 2009 plan (additional unvested awards).
    • F4: The 460 RSUs originated from an SOC grant that was exchanged in the merger and vested 100% on 3/25/2026.
  • Filing timeliness: Form 4 was filed on 2026-03-27 for transactions occurring 3/25–3/27; filing appears timely (within the standard two-business-day window).

Context

  • Open-market purchases are direct cash buys and can be interpreted by investors as a positive signal of insider buying, though filings are factual and do not reveal motive.
  • The RSU entry reflects scheduled vesting and settlement of previously granted awards (not a cash exercise); that is a routine compensation event rather than a discretionary market trade.
  • No indication in the filing that the reporting person is a 10% owner; this is director-level trading.