Star Equity CEO Jeffrey Eberwein sells $27,680 in preferred stock

Star Equity CEO Jeffrey Eberwein sold $27,680 worth of the company's Series A Preferred Stock in October 2026. The sales occurred on three separate dates at prices ranging from $9.21 to $9.25 per share, under a pre-arranged Rule 10b5-1 trading plan. On October 1, Eberwein sold 1,000 shares at a weighted average price of $9.22; another 1,000 shares were sold on October 2 at $9.25; and the final sale of 1,000 shares took place on October 5 at a weighted average price of $9.21.

Star Equity Holdings, currently valued at $38 million, is facing financial challenges and is listed as undervalued on the InvestingPro platform. Despite this, the company is rapidly depleting its cash reserves, potentially impacting its ability to meet debt obligations. Eberwein, who holds 762,937 shares of the Series A Preferred Stock and serves as a Director and 10% Owner, still owns a significant stake in the company.

Harte Hanks Inc. has also announced an acquisition of Star Equity Holdings, valuing it at $38.4 million, or 100% above its current share price. This acquisition, which offers shareholders the option to receive cash or additional Star Equity stock, signifies a strategic shift for Harte Hanks and highlights ongoing consolidation in the industry.