Martin B. Shirley - May 15, 2021 Form 4 Insider Report for STAR EQUITY HOLDINGS, INC. (STRR)

Role: President - DIS
Signature: /s/ Matthew G. Molchan, as Attorney-in-Fact
Stock symbol: STRR
Transactions as of: May 15, 2021
Transactions value $: -$2,709
Form type: 4
Date filed: 5/18/2021, 08:53 PM
Next filing: Aug 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STRR	Common Stock	Options Exercise		+4.46K	+66.45%		11.2K	May 15, 2021	Direct	F1, F2
transaction	STRR	Common Stock	Tax liability	-$2.71K	-1.05K	-9.37%	$2.59	10.1K	May 15, 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STRR	Restricted Stock Unit	Options Exercise		-4.46K	-100%		0	May 15, 2021	Common Stock	4.46K		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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	Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units. No shares were sold.
F4	On May 15, 2019, Mr. Shirley was granted 89,175 Restricted Stock Units, which amount has been adjusted to 8,918 Restricted Stock Units pursuant to the Issuer's 1-for-10 reverse stock split of its common stock on June 9, 2019. The Restricted Stock Units vested as to 50% of the units on each of May 15, 2020 and May 15, 2021, subject to the satisfaction of certain performance criteria to be determined and approved by the Compensation Committee with respect to each such period.