Hale Partnership Capital Management, LLC - 21 Apr 2025 Form 4 Insider Report for HG Holdings, Inc. (STLY)

Role
10%+ Owner
Signature
Hale Partnership Capital Management, LLC; /s/ Steven A. Hale II, Manager
Issuer symbol
STLY
Transactions as of
21 Apr 2025
Net transactions value
$0
Form type
4
Filing time
12 May 2025, 17:22:32 UTC
Previous filing
17 Dec 2021
Next filing
12 Dec 2025
SEC
View on sec.gov

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
Hale Partnership Capital Management, LLC 10%+ Owner 2115 E. 7TH STREET, STE. 101, CHARLOTTE Hale Partnership Capital Management, LLC; /s/ Steven A. Hale II, Manager 09 May 2025 0001602824
Hale Steven A II Chairman and CEO, Director, 10%+ Owner 2115 E. 7TH STREET, STE. 101, CHARLOTTE /s/ Steven A. Hale II 09 May 2025 0001667535
Hale Partnership Fund, L.P. 10%+ Owner 2115 E. 7TH STREET, STE. 101, CHARLOTTE Hale Partnership Fund, L.P.; /s/ Steven A. Hale II, Manager of Hale Partnership Capital Advisors, LLC, General Partner of Hale Partnership Fund, L.P. 09 May 2025 0001496265

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 +847,428 +121% 1,550,439 21 Apr 2025 By Hale Partnership Fund, L.P. F1, F2, F3, F4
transaction STLY Common Stock, par value $0.02 per share Purchase +376,689 376,689 21 Apr 2025 By Hale ICFG Fund, L.P. F2, F3, F5
transaction STLY Common Stock, par value $0.02 per share Purchase +32,855 +109% 63,100 21 Apr 2025 By MGEN II - Hale Fund, L.P. F2, F3, F6
transaction STLY Common Stock, par value $0.02 per share Purchase +185,343 +9755% 187,243 21 Apr 2025 By Smith - Hale Fund, L.P. F2, F3, F7
transaction STLY Common Stock, par value $0.02 per share Purchase +84,904 +3032% 87,704 21 Apr 2025 By Dickinson - Hale Fund, L.P. F2, F3, F8
holding STLY Common Stock, par value $0.02 per share 97,678 21 Apr 2025 By Clark - Hale Fund, L.P. F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT Corporation ("ACMAT") and other assets having an estimated market value of approximately $6,609,938.
F2 Hale Partnership Capital Advisors, LLC ("Hale GP"), as the general partner to each of Hale Partnership Fund, L.P., Hale ICFG Fund, L.P., MGEN II - Hale Fund, L.P., Smith - Hale Fund, L.P., Dickinson - Hale Fund, L.P. and Clark - 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.
F3 Does not include (i) 27,777 shares of Common Stock held directly by Mr. Hale or (ii) 1,511,983 shares of Common Stock held in a discretionary separately managed account for which Hale Advisor serves as investment manager.
F4 The amount of securities beneficially owned by Hale Partnership Fund, L.P. in the Form 4 filed on December 17, 2021 was incorrectly reported as 703,019 shares of Common Stock. Such Form 4 should have reported 703,011 shares of Common Stock beneficially owned by Hale Partnership Fund, L.P.
F5 The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $2,938,174.
F6 The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of Class A stock of ACMAT and other assets having an estimated market value of approximately $256,269.
F7 The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $1,445,675.
F8 The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $662,251.