Hale Partnership Capital Management, LLC - 01 Dec 2021 Form 4 Insider Report for HG Holdings, Inc. (STLY)

Role
10%+ Owner
Signature
/s/ Steven A. Hale II
Issuer symbol
STLY
Transactions as of
01 Dec 2021
Net transactions value
+$9,900
Form type
4
Filing time
03 Dec 2021, 16:35:45 UTC
Previous filing
30 Nov 2021
Next filing
10 Dec 2021
SEC
View on sec.gov

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 $9,900 +1,000 +111% $9.90 1,900 01 Dec 2021 Smith - Hale Fund, L.P. F1, F2
holding STLY Common Stock, par value $0.02 per share 703,019 01 Dec 2021 Hale Partnership Fund, L.P. F1, F2
holding STLY Common Stock, par value $0.02 per share 97,678 01 Dec 2021 Clark - Hale Fund, L.P. F1, F2
holding STLY Common Stock, par value $0.02 per share 30,245 01 Dec 2021 MGEN II - Hale Fund, L.P. F1, F2
* 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.

Remarks:

/s/ Steven A. Hale II, Manager, on behalf of Hale Partnership Capital Management, LLC 12/03/2021 /s/ Steven A. Hale II, Manager of Hale Partnership Capital Advisors, LLC, its General Partner, on behalf of Hale Partnership Fund, L.P. 12/03/2021