Fruhbeis Todd Michael 4
4 · Star Equity Holdings, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Star Equity (STRR) Director Todd Fruhbeis Buys Stock; 460 RSUs Vest
What Happened Todd Michael Fruhbeis, a director of Star Equity Holdings, acquired shares in multiple open-market purchases between March 25–27, 2026 and also had 460 restricted stock units (RSUs) convert/settle on March 25, 2026 upon vesting. Open-market buys: 500 @ $9.76 and 300 @ $9.82 on 3/25; 500 @ $10.15 and 300 @ $10.17 on 3/26; 500 @ $10.10 and 300 @ $10.15 on 3/27 — a total of 2,400 shares for $24,047. The 460 RSUs were converted/settled per the filing (no cash amount shown) following scheduled vesting. Purchases are open-market buys (cash outlay); RSU settlement is vesting of previously granted awards.
Key Details
- Transaction dates/prices:
- 2026-03-25: 500 shares @ $9.76 ($4,880) and 300 shares @ $9.82 ($2,946)
- 2026-03-26: 500 shares @ $10.15 ($5,075) and 300 shares @ $10.17 ($3,051)
- 2026-03-27: 500 shares @ $10.10 ($5,050) and 300 shares @ $10.15 ($3,045)
- 2026-03-25: 460 RSUs exercised/converted/settled on vesting (no cash price reported)
- Total acquired: 2,400 open-market shares for $24,047, plus 460 shares from RSU settlement = 2,860 shares newly received.
- Shares owned after the transactions: not specified in the filing.
- Footnotes of note:
- F1/F2: Each RSU converts to one share at settlement; the 460 RSUs settled on their scheduled vesting date.
- F3: Filing references 7,012 RSUs credited under the issuer’s 2009 plan (additional unvested awards).
- F4: The 460 RSUs originated from an SOC grant that was exchanged in the merger and vested 100% on 3/25/2026.
- Filing timeliness: Form 4 was filed on 2026-03-27 for transactions occurring 3/25–3/27; filing appears timely (within the standard two-business-day window).
Context
- Open-market purchases are direct cash buys and can be interpreted by investors as a positive signal of insider buying, though filings are factual and do not reveal motive.
- The RSU entry reflects scheduled vesting and settlement of previously granted awards (not a cash exercise); that is a routine compensation event rather than a discretionary market trade.
- No indication in the filing that the reporting person is a 10% owner; this is director-level trading.
Insider Transaction Report
Form 4
Fruhbeis Todd Michael
Director
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-03-25+460→ 10,673 total - Purchase
Common Stock
[F3]2026-03-25$9.76/sh+500$4,880→ 11,173 total - Purchase
Common Stock
[F3]2026-03-25$9.82/sh+300$2,946→ 11,473 total - Purchase
Common Stock
[F3]2026-03-26$10.15/sh+500$5,075→ 11,973 total - Purchase
Common Stock
[F3]2026-03-26$10.17/sh+300$3,051→ 12,273 total - Purchase
Common Stock
[F3]2026-03-27$10.10/sh+500$5,050→ 12,773 total - Purchase
Common Stock
[F3]2026-03-27$10.15/sh+300$3,045→ 13,073 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2][F4]2026-03-25−460→ 0 total→ Common Stock (460 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- [F2]This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
- [F3]Includes 7,012 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit represents the right to receive, at settlement, one share of Common Stock payable upon the first anniversary of the Grant Date.
- [F4]On March 25, 2025, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC common stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 460 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on March 25, 2026.
Signature
/s/ Hannah Bible, as Attorney-in-Fact for Todd Fruhbeis|2026-03-27