Cowen Inc. - Mar 6, 2024 Form 4 Insider Report for Star Holdings (STHO)

Role
10%+ Owner
Signature
Cowen Inc., By: /s/ Stephen A. Lasota, Chief Financial Officer
Stock symbol
STHO
Transactions as of
Mar 6, 2024
Transactions value $
-$44,880
Form type
4
Date filed
3/15/2024, 07:40 PM
Previous filing
Feb 23, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STHO Common Shares of Beneficial Interest Purchase $112K +9.31K +0.95% $12.01 987K Mar 6, 2024 By Cowen Overseas Investment LP F1, F2, F3, F5, F9
transaction STHO Common Shares of Beneficial Interest Sale -$12.1K -1.01K -0.1% $11.95 986K Mar 6, 2024 By Cowen Overseas Investment LP F1, F2, F3, F6, F9
transaction STHO Common Shares of Beneficial Interest Purchase $20.7K +1.75K +0.49% $11.85 356K Mar 7, 2024 By Cowen and Company, LLC F1, F2, F4, F7, F9
transaction STHO Common Shares of Beneficial Interest Sale -$165K -14K -3.94% $11.81 342K Mar 7, 2024 By Cowen and Company, LLC F1, F2, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cowen Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Cowen Inc., Cowen Overseas Investment LP ("COIL"), Cowen and Company, LLC ("Cowen and Company"), Cowen Holdings, Inc. ("Cowen Holdings") and RCG LV Pearl LLC ("RCG", and collectively, the "Reporting Persons").
F2 Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
F3 Represents securities owned directly by COIL. RCG is the sole owner of COIL. Cowen Inc. is the sole member of RCG. In such capacities, each of RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by COIL, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
F4 Represents securities owned directly by Cowen and Company. Cowen Holdings is the sole member of Cowen and Company. RCG is the sole owner of Cowen Holdings. Cowen Inc. is the sole member of RCG. In such capacities, each of Cowen Holdings, RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen and Company, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
F5 The transaction was executed in multiple trades in prices ranging from $11.91 to $12.17, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
F6 The transaction was executed in multiple trades in prices ranging from $11.95 to $11.995, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F7 The transaction was executed in multiple trades in prices ranging from $11.8334 to $11.874, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
F8 The transaction was executed in multiple trades in prices ranging from $11.8052 to $11.8063, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F9 The sales by COIL on March 6, 2024 (reported herein) and on March 8 and March 11, 2024 (reported in a separate Form 4) of an aggregate 7,513 shares were matchable under Section 16(b) of the Exchange Act with the purchases by COIL and Cowen and Company of an aggregate 7,513 shares on March 6 and March 7, 2024 (reported herein) and on March 11 and March 12, 2024 (reported in a separate Form 4). The Reporting Persons have agreed to deliver a payment to the Issuer in the amount of $2,284.27, which represents the full amount of the profit realized in connection with these short-swing transactions under Section 16(b) of the Exchange Act.