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    CEO Hudson Talent SolutionsLLC Zabkowicz Jacob was granted 66,171 units of Common Stock. and covered exercise/tax liability with 14,306 units of Common Stock., increasing direct ownership by 40% to 180,713 units (SEC Form 4)

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    SEC FORM 4 SEC Form 4
    FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
    or Section 30(h) of the Investment Company Act of 1940
    OMB APPROVAL
    OMB Number: 3235-0287
    Estimated average burden
    hours per response: 0.5
      
    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
      
    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
    1. Name and Address of Reporting Person*
    Zabkowicz Jacob

    (Last) (First) (Middle)
    C/O STAR EQUITY HOLDINGS, INC.
    53 FOREST AVENUE, SUITE 101

    (Street)
    OLD GREENWICH CT 06870

    (City) (State) (Zip)
    2. Issuer Name and Ticker or Trading Symbol
    Star Equity Holdings, Inc. [ STRR ]
    5. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)
    Director 10% Owner
    X Officer (give title below) Other (specify below)
    CEO Hudson Talent SolutionsLLC
    3. Date of Earliest Transaction (Month/Day/Year)
    11/13/2025
    4. If Amendment, Date of Original Filed (Month/Day/Year)
    6. Individual or Joint/Group Filing (Check Applicable Line)
    X Form filed by One Reporting Person
    Form filed by More than One Reporting Person
    Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
    1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
    Code V Amount (A) or (D) Price
    Common Stock. 11/13/2025 A 66,171(1) A $0 195,019 D
    Common Stock. 11/17/2025 F 14,306(2) D $10.03 180,713(3) D
    Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
    (e.g., puts, calls, warrants, options, convertible securities)
    1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
    Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
    Explanation of Responses:
    1. On November 13, 2025 (the "Grant Date"), 66,171 restricted stock units ("RSUs") were granted to the reporting person under the Hudson Global, Inc. 2009 Incentive Stock and Awards Plan, as amended and restated (the "2009 Plan"). The RSUs granted hereunder shall vest in equal annual installments for a three-year period beginning on the Grant Date, subject to continuous service by the reporting person. Each RSU represents a right to receive a share of common stock.
    2. This number represents shares of Star Equity Holdings, Inc. Common Stock withheld to satisfy the tax withholding obligation due upon vesting of time-based RSUs.
    3. Includes (i) 135,456 RSUs credited to the Reporting Person's account under the 2009 Plan; and (ii) 45,257 shares of common stock. RSUs may be settled pursuant to the 2009 Plan by the issuance of Common Stock, the payment of cash, or a combination of both.
    Remarks:
    /s/ Hannah Bible, as Attorney-in-Fact for Jacob Zabkowicz 11/19/2025
    ** Signature of Reporting Person Date
    Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
    * If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
    ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
    Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
    Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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