Form 4: Hale Partnership Sells STLY Shares

Hale Partnership Capital Management, LLC reported the disposition of 97,678 shares of HG Holdings, Inc. common stock at $4.25 per share.

Summary

• Hale Partnership Capital Management, LLC, a 10% owner and entity related to a director of HG Holdings, Inc. (STLY), reported a disposition of common stock.
• On December 10, 2025, 97,678 shares of HG Holdings, Inc. common stock, with a par value of $0.02 per share, were disposed of at a price of $4.25 per share.
• Following this transaction, Hale Partnership Capital Management, LLC, through various Hale Funds, indirectly beneficially owns a total of 2,265,175 shares of common stock.
• Specifically, indirect beneficial ownership includes 1,550,439 shares by Clark Hale Fund, L.P., 376,689 shares by Hale Partnership Fund, L.P., 63,100 shares by Hale ICFG Fund, L.P., 187,243 shares by MGEN II Hale Fund, L.P., 87,704 shares by Smith Hale Fund, L.P., and 0 shares by Dickinson Hale Fund, L.P. (the filing shows 87,704 for Dickinson Hale Fund, L.P. and 0 for Clark Hale Fund, L.P. in the 'Amount of Securities Beneficially Owned Following Reported Transaction(s)' column, but the 'Nature of Indirect Beneficial Ownership' column lists Clark Hale Fund, L.P. with 1,550,439 shares and Dickinson Hale Fund, L.P. with 87,704 shares. The sum reflects the latter interpretation for total indirect holdings).
• The reported beneficial ownership does not include 27,777 shares held directly by Steven A. Hale II or 1,511,983 shares held in a discretionary separately managed account managed by Hale Advisor.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to an insider disposition of a significant number of shares by a 10% owner and director-affiliated entity, which can sometimes be interpreted as a lack of confidence in the company's near-term prospects or a belief that the stock is fully valued. However, it is a routine disclosure of a transaction, not a performance report.

Negatives

• The disposition of 97,678 shares by a significant insider (10% owner and director-affiliated entity) could be perceived negatively by the market, potentially signaling a lack of confidence or a belief that the stock is fully valued.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reported disposition of shares by Hale Partnership Capital Management, LLC is a related party transaction, as the entity is a 10% owner and affiliated with Steven A. Hale II, who serves as Chairman, CEO, and a director of HG Holdings, Inc.

Stakeholder Impact

• Shareholders may interpret the insider sale as a negative signal, potentially impacting investor confidence and the company's stock price.

Key Dates

Keywords

HG Holdings, STLY, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Disposition, Hale Partnership Capital Management, Steven A. Hale II