[Form 3] Hudson Global, Inc. Initial Statement of Beneficial Ownership
Todd Michael Fruhbeis, a director of Hudson Global, Inc. (HSON), filed an Initial Statement of Beneficial Ownership reporting both common and preferred shares and restricted stock units received in connection with Hudson鈥檚 merger with Star Equity Holdings. He holds 759 shares of Hudson common stock and 4,576 shares of Hudson Series A preferred stock directly. In addition, he reports restricted stock units converting to 341 common shares, 460 common shares, and two grants totaling 1,070 Series A preferred shares, all subject to scheduled vesting anniversaries in 2024鈥�2025. The reported holdings reflect share exchanges pursuant to the Merger Agreement that converted Star common and preferred holdings into Hudson securities at an exchange ratio of 0.23 Hudson common shares per Star common share.
Todd Michael Fruhbeis, amministratore di Hudson Global, Inc. (HSON), ha depositato una Dichiarazione Iniziale di Partecipazione beneficiaria segnalando azioni ordinarie, azioni privilegiate e unit脿 di azioni vincolate ricevute in relazione alla fusione di Hudson con Star Equity Holdings. Possiede direttamente 759 azioni ordinarie di Hudson e 4.576 azioni privilegiate di serie A di Hudson. Inoltre riporta unit脿 di azioni vincolate che si convertiranno in 341 azioni ordinarie, 460 azioni ordinarie e due attribuzioni per un totale di 1.070 azioni privilegiate di serie A, tutte soggette a scadenze di maturazione programmate nel periodo 2024鈥�2025. Le partecipazioni dichiarate riflettono scambi di azioni previsti dall'Accordo di Fusione che hanno convertito le partecipazioni ordinarie e privilegiate di Star in titoli Hudson con un rapporto di cambio di 0,23 azioni ordinarie Hudson per ogni azione ordinaria Star.
Todd Michael Fruhbeis, director de Hudson Global, Inc. (HSON), present贸 una Declaraci贸n Inicial de Titularidad Beneficiaria en la que informa acciones ordinarias, acciones preferentes y unidades restringidas de acciones recibidas en relaci贸n con la fusi贸n de Hudson con Star Equity Holdings. Posee directamente 759 acciones ordinarias de Hudson y 4.576 acciones preferentes Serie A de Hudson. Adem谩s, declara unidades restringidas que se convertir谩n en 341 acciones ordinarias, 460 acciones ordinarias y dos adjudicaciones que suman 1.070 acciones preferentes Serie A, todas sujetas a vencimientos programados de consolidaci贸n en 2024鈥�2025. Las tenencias informadas reflejan intercambios de acciones conforme al Acuerdo de Fusi贸n que convirtieron las participaciones ordinarias y preferentes de Star en valores de Hudson a una tasa de cambio de 0,23 acciones ordinarias Hudson por cada acci贸n ordinaria Star.
Todd Michael Fruhbeis, Hudson Global, Inc. (HSON)鞚� 鞚挫偓電� Hudson瓿� Star Equity Holdings鞚� 頃╇硲瓿� 甏�霠晿鞐� 靾橂牴頃� 氤错喌欤�, 鞖办劆欤� 氚� 鞝滍暅欤检嫕雼渼鞐� 雽�頃� 齑堦赴 鞁れ唽鞙犽炒瓿犾劀毳� 鞝滌稖頄堨姷雼堧嫟. 攴鸽姅 Hudson 氤错喌欤� 759欤检檧 Hudson 鞁滊Μ歃� A 鞖办劆欤� 4,576欤茧ゼ 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 霕愴暅 鞝滍暅欤检嫕雼渼臧� 341 氤错喌欤�, 460 氤错喌欤� 氚� 頃╆硠 1,070 鞁滊Μ歃� A 鞖办劆欤茧 鞝勴櫂霅橂姅 靷暛鞚� 氤搓碃頄堨溂氅�, 氇摖 欤检嫕鞚� 2024鈥�2025雲勳棎 鞓堨爼霅� 氩犾姢韺� 旮办澕鞚� 鞝侅毄霅╇媹雼�. 氤搓碃霅� 氤挫湢霟夓潃 頃╇硲瓿勳暯鞐� 霐半澕 Star鞚� 氤错喌欤� 氚� 鞖办劆欤� 氤挫湢攵勳澊 Hudson鞚� 歃濌秾鞙茧 甑愴櫂霅� 瓴冹潉 氚橃榿頃橂┌, 甑愴櫂 牍勳湪鞚� Star 氤错喌欤� 1欤茧嫻 Hudson 氤错喌欤� 0.23欤检瀰雼堧嫟.
Todd Michael Fruhbeis, administrateur de Hudson Global, Inc. (HSON), a d茅pos茅 une D茅claration Initiale de Possession B茅n茅ficiaire signalant des actions ordinaires, des actions pr茅f茅rentielles et des unit茅s d鈥檃ctions restreintes re莽ues dans le cadre de la fusion de Hudson avec Star Equity Holdings. Il d茅tient directement 759 actions ordinaires Hudson et 4鈥�576 actions pr茅f茅rentielles Hudson de s茅rie A. Il indique en outre des unit茅s d鈥檃ctions restreintes qui se convertiront en 341 actions ordinaires, 460 actions ordinaires et deux attributions totalisant 1鈥�070 actions pr茅f茅rentielles de s茅rie A, toutes soumises 脿 des dates de vesting pr茅vues en 2024鈥�2025. Les avoirs d茅clar茅s refl猫tent des 茅changes d鈥檃ctions pr茅vus par l鈥檃ccord de fusion qui ont converti les participations ordinaires et pr茅f茅rentielles de Star en titres Hudson, selon un ratio d鈥櫭ヽhange de 0,23 action ordinaire Hudson par action ordinaire Star.
Todd Michael Fruhbeis, ein Direktor von Hudson Global, Inc. (HSON), reichte eine anf盲ngliche Erkl盲rung 眉ber wirtschaftliches Eigentum ein und meldete dabei Stamm- und Vorzugsaktien sowie Restricted Stock Units, die im Zusammenhang mit der Fusion von Hudson und Star Equity Holdings erhalten wurden. Er h盲lt direkt 759 Hudson-Stammaktien und 4.576 Hudson Series-A-Vorzugsaktien. Zus盲tzlich meldet er Restricted Stock Units, die sich in 341 Stammaktien, 460 Stammaktien und zwei Zuteilungen mit insgesamt 1.070 Series-A-Vorzugsaktien umwandeln, alle mit geplanten Vesting-Terminen in 2024鈥�2025. Die gemeldeten Best盲nde spiegeln Aktientausche gem盲脽 dem Fusionsvertrag wider, durch die Star-Stamm- und Vorzugsbeteiligungen in Hudson-Wertpapiere umgewandelt wurden, zum Umtauschverh盲ltnis von 0,23 Hudson-Stammaktien je Star-Stammaktie.
- Clear disclosure of post-merger beneficial ownership including exact share counts for common and Series A preferred stock
- Detailed mapping showing conversion of Star common and preferred securities into Hudson common and Series A preferred under the Merger Agreement
- Transparency on RSUs with specified grant dates and scheduled vesting anniversaries for each grant
- None.
Insights
TL;DR: Director disclosed merger-related equity received and multiple RSU grants with standard time-based vesting.
The filing is a routine Section 16 initial report documenting beneficial ownership after a merger. It discloses direct ownership of 759 common shares and 4,576 Series A preferred shares plus several restricted stock unit grants converting to both common and preferred shares on future vesting dates. The report clarifies the exchange mechanics from Star Equity Holdings to Hudson under the Merger Agreement and identifies vesting schedules, which are time-based and do not indicate accelerated or performance-based terms in this filing.
TL;DR: Ownership changes stem from a merger exchange; the report quantifies the post-merger equity received by a director.
The disclosure quantifies consideration received in the Merger: Star common and preferred were converted into Hudson common and Series A preferred at the specified exchange terms, with restricted stock unit balances shown pre- and post-exchange. The filing provides transparency on how merger consideration was allocated to an insider and documents standard settlement mechanics for RSUs converted in the transaction.
Todd Michael Fruhbeis, amministratore di Hudson Global, Inc. (HSON), ha depositato una Dichiarazione Iniziale di Partecipazione beneficiaria segnalando azioni ordinarie, azioni privilegiate e unit脿 di azioni vincolate ricevute in relazione alla fusione di Hudson con Star Equity Holdings. Possiede direttamente 759 azioni ordinarie di Hudson e 4.576 azioni privilegiate di serie A di Hudson. Inoltre riporta unit脿 di azioni vincolate che si convertiranno in 341 azioni ordinarie, 460 azioni ordinarie e due attribuzioni per un totale di 1.070 azioni privilegiate di serie A, tutte soggette a scadenze di maturazione programmate nel periodo 2024鈥�2025. Le partecipazioni dichiarate riflettono scambi di azioni previsti dall'Accordo di Fusione che hanno convertito le partecipazioni ordinarie e privilegiate di Star in titoli Hudson con un rapporto di cambio di 0,23 azioni ordinarie Hudson per ogni azione ordinaria Star.
Todd Michael Fruhbeis, director de Hudson Global, Inc. (HSON), present贸 una Declaraci贸n Inicial de Titularidad Beneficiaria en la que informa acciones ordinarias, acciones preferentes y unidades restringidas de acciones recibidas en relaci贸n con la fusi贸n de Hudson con Star Equity Holdings. Posee directamente 759 acciones ordinarias de Hudson y 4.576 acciones preferentes Serie A de Hudson. Adem谩s, declara unidades restringidas que se convertir谩n en 341 acciones ordinarias, 460 acciones ordinarias y dos adjudicaciones que suman 1.070 acciones preferentes Serie A, todas sujetas a vencimientos programados de consolidaci贸n en 2024鈥�2025. Las tenencias informadas reflejan intercambios de acciones conforme al Acuerdo de Fusi贸n que convirtieron las participaciones ordinarias y preferentes de Star en valores de Hudson a una tasa de cambio de 0,23 acciones ordinarias Hudson por cada acci贸n ordinaria Star.
Todd Michael Fruhbeis, Hudson Global, Inc. (HSON)鞚� 鞚挫偓電� Hudson瓿� Star Equity Holdings鞚� 頃╇硲瓿� 甏�霠晿鞐� 靾橂牴頃� 氤错喌欤�, 鞖办劆欤� 氚� 鞝滍暅欤检嫕雼渼鞐� 雽�頃� 齑堦赴 鞁れ唽鞙犽炒瓿犾劀毳� 鞝滌稖頄堨姷雼堧嫟. 攴鸽姅 Hudson 氤错喌欤� 759欤检檧 Hudson 鞁滊Μ歃� A 鞖办劆欤� 4,576欤茧ゼ 歆侅爲 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 霕愴暅 鞝滍暅欤检嫕雼渼臧� 341 氤错喌欤�, 460 氤错喌欤� 氚� 頃╆硠 1,070 鞁滊Μ歃� A 鞖办劆欤茧 鞝勴櫂霅橂姅 靷暛鞚� 氤搓碃頄堨溂氅�, 氇摖 欤检嫕鞚� 2024鈥�2025雲勳棎 鞓堨爼霅� 氩犾姢韺� 旮办澕鞚� 鞝侅毄霅╇媹雼�. 氤搓碃霅� 氤挫湢霟夓潃 頃╇硲瓿勳暯鞐� 霐半澕 Star鞚� 氤错喌欤� 氚� 鞖办劆欤� 氤挫湢攵勳澊 Hudson鞚� 歃濌秾鞙茧 甑愴櫂霅� 瓴冹潉 氚橃榿頃橂┌, 甑愴櫂 牍勳湪鞚� Star 氤错喌欤� 1欤茧嫻 Hudson 氤错喌欤� 0.23欤检瀰雼堧嫟.
Todd Michael Fruhbeis, administrateur de Hudson Global, Inc. (HSON), a d茅pos茅 une D茅claration Initiale de Possession B茅n茅ficiaire signalant des actions ordinaires, des actions pr茅f茅rentielles et des unit茅s d鈥檃ctions restreintes re莽ues dans le cadre de la fusion de Hudson avec Star Equity Holdings. Il d茅tient directement 759 actions ordinaires Hudson et 4鈥�576 actions pr茅f茅rentielles Hudson de s茅rie A. Il indique en outre des unit茅s d鈥檃ctions restreintes qui se convertiront en 341 actions ordinaires, 460 actions ordinaires et deux attributions totalisant 1鈥�070 actions pr茅f茅rentielles de s茅rie A, toutes soumises 脿 des dates de vesting pr茅vues en 2024鈥�2025. Les avoirs d茅clar茅s refl猫tent des 茅changes d鈥檃ctions pr茅vus par l鈥檃ccord de fusion qui ont converti les participations ordinaires et pr茅f茅rentielles de Star en titres Hudson, selon un ratio d鈥櫭ヽhange de 0,23 action ordinaire Hudson par action ordinaire Star.
Todd Michael Fruhbeis, ein Direktor von Hudson Global, Inc. (HSON), reichte eine anf盲ngliche Erkl盲rung 眉ber wirtschaftliches Eigentum ein und meldete dabei Stamm- und Vorzugsaktien sowie Restricted Stock Units, die im Zusammenhang mit der Fusion von Hudson und Star Equity Holdings erhalten wurden. Er h盲lt direkt 759 Hudson-Stammaktien und 4.576 Hudson Series-A-Vorzugsaktien. Zus盲tzlich meldet er Restricted Stock Units, die sich in 341 Stammaktien, 460 Stammaktien und zwei Zuteilungen mit insgesamt 1.070 Series-A-Vorzugsaktien umwandeln, alle mit geplanten Vesting-Terminen in 2024鈥�2025. Die gemeldeten Best盲nde spiegeln Aktientausche gem盲脽 dem Fusionsvertrag wider, durch die Star-Stamm- und Vorzugsbeteiligungen in Hudson-Wertpapiere umgewandelt wurden, zum Umtauschverh盲ltnis von 0,23 Hudson-Stammaktien je Star-Stammaktie.
FAQ
What did Todd Fruhbeis report on Hudson Global's Form 3 (HSON)?
How were the Hudson shares acquired by the reporting person?
What exchange ratio was used in the merger with Star Equity Holdings?
Are the restricted stock units reported by Fruhbeis vested immediately?
Does the Form 3 indicate indirect ownership or special arrangements?
