Star Equity Holdings CEO sells $27,409 in preferred stock

Chief Executive Officer Jeffrey E. Eberwein of Star Equity Holdings (NASDAQ:STRR) disposed of $27,409 worth of Series A Preferred Stock between October 14 and October 16, 2026. The sales occurred at prices between $9.10 and $9.16 per share. Concurrently, Eberwein acquired 6,257 shares of common stock at no cost on October 15, 2026.

This transaction aligns with the current stock price of $9.81, although InvestingPro analysis indicates the company may be undervalued. Star Equity Holdings boasts a market capitalization of $36.86 million and has seen a 52% revenue growth over the past year. However, the company faces financial health challenges rated as "weak" by InvestingPro's scoring system.

The CEO executed these transactions under a Rule 10b5-1 trading plan. On October 14, Eberwein sold 1,000 shares at an average price of $9.10, while on October 15, he sold 1,001 shares at an average of $9.14. On October 16, he sold another 1,000 shares at an average price of $9.16. Following these sales, Eberwein owned 753,936 shares of Series A Preferred Stock.

Additionally, Eberwein obtained 6,257 shares of common stock at no cost, which are restricted shares under the Issuer's 2009 Incentive Stock and Awards Plan. These shares vest after the first anniversary of the grant date. Eberwein's ownership now comprises 1,137,359 shares of common stock, including 23,852 restricted shares and 6,750 restricted stock units, excluding 2,000 shares indirectly held in retirement accounts.

In related news, Harte Hanks Inc. announced an acquisition of Star Equity Holdings for $5.00 per share, valuing the target company at $38.4 million. Shareholders can receive cash or preferred stock in lieu of cash consideration.