Form 4: Steel Partners Holdings L.P. Executive Jack L. Howard Reports Changes in Beneficial Ownership

Jack L. Howard, President and Director of Steel Partners Holdings L.P., reports changes in beneficial ownership of common and preferred units due to gifts.

Summary

• This Form 4 filing reports changes in beneficial ownership of Steel Partners Holdings L.P. (SPLP) securities by Jack L. Howard, President and Director, and EMH Howard, LLC.
• The filing indicates gifts of 1,000 common units each on 05/12/2025 to a Uniform Gifts to Minors Act (UGMA) account.
• After the reported transactions, Mr. Howard directly owns 2,070,121 common units and 114,516 Series A Preferred Units.
• Mr. Howard also indirectly owns a significant number of common units through various trusts and entities, including EMH Howard, LLC, Article V Trust, II Trust, III Trust and SPH SPV-I LLC.
• EMH Howard, LLC, of which Mr. Howard is the Managing Member, is also reporting its holdings of common units and Series A Preferred Units.
• Both Mr. Howard and EMH Howard, LLC disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest.
• The filing indicates that the reporting persons may be deemed to be part of a Section 13(d) group owning more than 10% of the Issuer's outstanding Common Units.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It provides information about changes in ownership, but doesn't necessarily indicate positive or negative performance for the company.

Management Comments

• Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of his or its pecuniary interest therein.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The gifts to a UGMA account may have a minor impact on the overall ownership structure.

Key Dates

Keywords

beneficial ownership, Form 4, Steel Partners Holdings L.P., SPLP, Jack L. Howard, EMH Howard LLC, common units, Series A Preferred Units, Section 16(a), gifts, UGMA