Hale Partnership Capital Management, LLC - Nov 26, 2021 Form 4 Insider Report for HG Holdings, Inc. (STLY)

Role
10%+ Owner
Signature
/s/ Steven A. Hale II
Stock symbol
STLY
Transactions as of
Nov 26, 2021
Transactions value $
$9,045
Form type
4
Date filed
11/30/2021, 06:39 PM
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STLY Common Stock, par value $0.02 per share Purchase $8.04K +800 $10.05 800 Nov 26, 2021 Smith - Hale Fund, L.P. F1, F2
transaction STLY Common Stock, par value $0.02 per share Purchase $1.01K +100 +12.5% $10.05 900 Nov 29, 2021 Smith - Hale Fund, L.P. F1, F2
holding STLY Common Stock, par value $0.02 per share 703K Nov 26, 2021 Hale Partnership Fund, L.P. F1, F2, F3
holding STLY Common Stock, par value $0.02 per share 97.7K Nov 26, 2021 Clark - Hale Fund, L.P. F1, F2, F3
holding STLY Common Stock, par value $0.02 per share 30.2K Nov 26, 2021 MGEN II - Hale Fund, L.P. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Hale Partnership Capital Advisors, LLC ("Hale GP"), as the general partner to each of Hale Partnership Fund, L.P., Clark - Hale Fund, L.P., MGEN II - Hale Fund, L.P. and Smith - Hale Fund, L.P. (collectively, the "Hale Funds"), Hale Partnership Capital Management, LLC ("Hale Advisor"), as the investment manager to each of the Hale Funds, and Steven A. Hale II ("Mr. Hale"), as a principal of each of Hale GP and Hale Advisor, may be deemed to be beneficial owners of the shares held directly by the Hale Funds. Mr. Hale is the Chairman and Chief Executive Officer and a director of HG Holdings, Inc. (the "Company"). Each of Hale GP, Hale Advisor and Mr. Hale disclaims beneficial ownership of the shares referred to herein, except to the extent of its or his pecuniary interest therein.
F2 Does not include (i) 27,777 shares of Common Stock held directly by Mr. Hale pursuant to a restricted stock award granted to him in his individual capacity as Chairman and Chief Executive Officer of the Company or (ii) 139,326 shares of Common Stock held in a discretionary separately managed account for which Hale Advisor serves as investment manager.
F3 On July 15, 2021, the Company effectuated a 1-for-12 reverse stock split of its outstanding shares of Common Stock.

Remarks:

/s/ Steven A. Hale II, Manager, on behalf of Hale Partnership Capital Management, LLC 11/30/2021 /s/ Steven A. Hale II, Manager of Hale Partnership Capital Advisors, LLC, its General Partner, on behalf of Hale Partnership Fund, L.P. 11/30/2021