MITCHELL I. QUAIN - 15 Jun 2021 Form 4 Insider Report for STAR EQUITY HOLDINGS, INC. (STRR)

Role: Director
Signature: /s/ David Noble, as Attorney-in-Fact
Issuer symbol: STRR
Transactions as of: 15 Jun 2021
Net transactions value: +$24,750
Form type: 4
Filing time: 25 Jun 2021, 16:10:53 UTC
Previous filing: 09 Jun 2021
Next filing: 01 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STRR	Common Stock	Exercise of in-the-money or at-the-money derivative security	$24,750	+11,000	+39%	$2.25	39,047	15 Jun 2021	By Mitchell Quain Revoc. Liv. Trust U/A 1/25/18	F1, F2, F3
holding	STRR	Common Stock						16,681	15 Jun 2021	Direct
holding	STRR	Common Stock						3,200	15 Jun 2021	By Industrial Manufacturing Institute, LLC	F4
holding	STRR	Common Stock						300	15 Jun 2021	By IRA
holding	STRR	Common Stock						300	15 Jun 2021	By Family Trust Partnership, LLC	F5

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	Warrant	Exercise of in-the-money or at-the-money derivative security		-22,000	-100%		0	15 Jun 2021	Common Stock	11,000	$2.25	Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Warrants were exercised on June 15, 2021, but confirmation of execution and settlement was provided to Mr. Quain by his broker on June 22, 2021.
F2	Shares owned directly by the Mitchell Quain Revoc. Liv. Trust U/A 1/25/18, an entity of which Mr. Quain is the trustee.
F3	Includes 28,047 shares of Common Stock previously held directly by Mr. Quain, and which are now held indirectly by Mr. Quain, as the trustee of the Mitchell Quain Revoc. Liv. Trust U/A 1/25/18, as a result of a change in the form of beneficial ownership of such shares.
F4	Shares owned directly by Industrial Manufacturing Institute, LLC, an entity of which Mr. Quain is the sole beneficial owner.
F5	Shares owned directly by Family Trust Partnership, LLC, an entity of which Mr. Quain is the sole beneficial owner.
F6	As previously reported, Mr. Quain purchased warrants directly from the underwriter in an underwritten public offering conducted by the Issuer that closed on May 28, 2020, with a price per warrant of $0.01.