Star Equity Holdings, Inc.

Repurchases of Shares

The following table summarizes purchases of common stock by the Company during the quarter ended March 31, 2026.

(a)On August 8, 2023, the Company’s Board of Directors authorized a share repurchase program for up to $5 million of the Company’s outstanding common stock. The Company continues to view share repurchases as an attractive use of capital and may repurchase shares from time to time, as market conditions warrant, through open market purchases, privately negotiated transactions, block trades, or other methods, in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”).

In the third quarter of 2025, the Company completed its $5 million share repurchase program authorized on August 8, 2023. On September 10, 2025, the Board of Directors authorized a new common stock repurchase program under which the Company may repurchase up to $3 million of its outstanding common stock. During the three months ended March 31, 2026, the Company repurchased on the open market a total of 70,424 shares of its common stock for an aggregate cost of $0.7 million under these authorizations. As of March 31, 2026, under the July 30, 2015, August 8, 2023 and September 10, 2025 authorizations combined, the Company had repurchased an aggregate of 1,018,806 shares for a total cost of $16.2 million, completing the August 8, 2023 authorization and leaving $1.8 million available for purchase under the September 10, 2025 authorization. During the three months ended March 31, 2025, no repurchases of shares were made by the Company under this authorization.

On December 31, 2025, we adopted a Rule 10b-18 and 10b5-1 trading plan (the "10b5-1 Plan") which allows the Company to purchase shares of our common stock under our announced repurchase programs during certain restricted blackout periods. The 10b5-1 Plan allows for the purchase of up to an aggregate of the lower of (i) common stock totaling a combined $2,000,000 purchase price, excluding commissions; or (ii) 350,000 shares of common stock. Shares of common stock purchased pursuant to the 10b5-1 Plan may only be purchased in accordance with trading requirements adopted by the Company and there can be no assurance as to how many shares of common stock, if any, will be purchased pursuant to the 10b5-1 Plan or at what price any such shares of common stock will be purchased.

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