Form 4: Star Equity CEO's Equity Shifts with RSU Grant, Tax Sale

Star Equity Holdings CEO Jacob Zabkowicz reports acquisition of restricted stock units and sale of shares for tax obligations.

Summary

• Jacob Zabkowicz, CEO of Hudson Talent Solutions LLC, an officer of Star Equity Holdings, Inc. (STRR), reported changes in his beneficial ownership.
• On November 13, 2025, Mr. Zabkowicz was granted 66,171 restricted stock units (RSUs) under the Hudson Global, Inc. 2009 Incentive Stock and Awards Plan.
• These RSUs are scheduled to vest in equal annual installments over a three-year period, commencing from the grant date, contingent upon his continuous service.
• On November 17, 2025, 14,306 shares of Star Equity Holdings, Inc. Common Stock were disposed of at a price of $10.03 per share to satisfy tax withholding obligations arising from the vesting of time-based RSUs.
• Following these transactions, Mr. Zabkowicz's beneficial ownership totals 180,713 securities, which includes 135,456 RSUs credited under the 2009 Plan and 45,257 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports routine executive compensation and tax-related stock transactions, which are neutral in sentiment. The RSU grant is a positive for executive alignment, while the tax sale is a standard consequence of vesting.

Positives

• The grant of 66,171 restricted stock units (RSUs) to the CEO aligns his long-term incentives with shareholder value, as vesting is tied to continuous service over three years.

Negatives

• The disposal of 14,306 shares of common stock at $10.03 per share for tax withholding purposes reduces the CEO's direct equity ownership in the company.

Risks

• The vesting of the 66,171 restricted stock units (RSUs) is contingent upon the reporting person's continuous service for a three-year period, meaning the full benefit is not immediately realized and is subject to continued employment.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction report (Form 4) detailing executive compensation and stock activity, which is common across all publicly traded industries. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Grant of 66,171 restricted stock units to Jacob Zabkowicz, CEO of Hudson Talent Solutions LLC (a subsidiary), under the Hudson Global, Inc. 2009 Incentive Stock and Awards Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's interests with long-term shareholder value, although future vesting could lead to minor dilution.
• Employees: The executive compensation package may signal stability in leadership and a commitment to retaining key personnel.

Next Steps

• The 66,171 restricted stock units (RSUs) will vest in equal annual installments over a three-year period beginning on November 13, 2025, subject to continuous service by the reporting person.

Key Dates

Keywords

Star Equity Holdings, STRR, Form 4, insider transaction, restricted stock units, RSU, executive compensation, stock grant, beneficial ownership, Hudson Talent Solutions