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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0306 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2021-03-31 </periodOfReport> |
| <notSubjectToSection16> 0 </notSubjectToSection16> |
| <issuer> |
| | <issuerCik> 0000707388 </issuerCik> |
| | <issuerName> STAR EQUITY HOLDINGS, INC. </issuerName> |
| | <issuerTradingSymbol> STRR </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001548312 </rptOwnerCik> |
| | | <rptOwnerName> Eberwein Jeffrey E. </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> C/O STAR EQUITY HOLDINGS, INC. </rptOwnerStreet1> |
| | | <rptOwnerStreet2> 53 FOREST AVENUE SUITE 101 </rptOwnerStreet2> |
| | | <rptOwnerCity> OLD GREENWICH </rptOwnerCity> |
| | | <rptOwnerState> CT </rptOwnerState> |
| | | <rptOwnerZipCode> 06870 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 1 </isDirector> |
| | | <isOfficer> 1 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle> Executive Chairman </officerTitle> |
| | | <otherText></otherText> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable> |
| | <nonDerivativeHolding> |
| | | <securityTitle> |
| <value> Common Stock </value> |
| </securityTitle> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 157213 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeHolding> |
| | <nonDerivativeHolding> |
| | | <securityTitle> |
| <value> 10% Series A Cumulative Perpetual Preferred Stock </value> |
| </securityTitle> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 960036 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeHolding> |
| | <nonDerivativeHolding> |
| | | <securityTitle> |
| <value> 10% Series A Cumulative Perpetual Preferred Stock </value> |
| </securityTitle> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 350000 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> I </value> |
| </directOrIndirectOwnership> |
| <natureOfOwnership> |
| <value> By: Jeffrey E. Eberwein Revocable Trust </value> |
| <footnoteId id="F1"/> |
| </natureOfOwnership> |
| </ownershipNature> |
| | | </nonDerivativeHolding> |
| | </nonDerivativeTable> |
| <derivativeTable> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Restricted Stock Unit </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <footnoteId id="F2"/> |
| <footnoteId id="F3"/> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2021-03-31 </value> |
| </transactionDate> |
| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> A </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionTimeliness></transactionTimeliness> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 2885 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <footnoteId id="F2"/> |
| <footnoteId id="F3"/> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <footnoteId id="F4"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 2885 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 2885 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Restricted Stock Unit </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <footnoteId id="F2"/> |
| <footnoteId id="F5"/> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2021-03-31 </value> |
| </transactionDate> |
| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> A </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionTimeliness></transactionTimeliness> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 32052 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <footnoteId id="F2"/> |
| <footnoteId id="F5"/> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <footnoteId id="F4"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 32052 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 32052 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | </derivativeTable> |
| <footnotes> |
| | <footnote id="F1"> Securities held in the Eberwein Trust. Mr. Eberwein, as the trustee of the Eberwein Trust, may be deemed to beneficially own the securities held in the Eberwein Trust. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. </footnote> |
| | <footnote id="F2"> Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. </footnote> |
| | <footnote id="F3"> Award of Restricted Stock Units made in accordance with the Company's 2018 Incentive Plan and in lieu of a quarterly cash board retainer fee in the amount of $9,000. The number of Restricted Stock Units granted was determined using the closing sales price per share on the grant date ($3.12). </footnote> |
| | <footnote id="F4"> One hundred percent (100%) of the Restricted Stock Units are scheduled to vest on the one (1) year anniversary of March 31, 2021, subject to the reporting person continuing to be a service provider through such date. </footnote> |
| | <footnote id="F5"> Award of Restricted Stock Units made in accordance with the Company's 2018 Incentive Plan and in connection with Mr. Eberwein's service as Executive Chairman of the Board. </footnote> |
| | </footnotes> |
| <ownerSignature> |
| | <signatureName> /s/ Jeffrey E. Eberwein </signatureName> |
| | <signatureDate> 2021-04-02 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |