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Filing Details

Accession Number:: 0000905148-24-000957
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-03-15 19:44:20
Reporting Period:: 2024-03-08

Accepted Time:: 2024-03-15 19:44:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1953366	Star Holdings	STHO	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
48966	Cowen And Company, Llc	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1355007	Cowen Holdings, Inc.	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1466538	Cowen Inc.	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1506502	Cowen Overseas Investment Lp	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1613404	Rcg Lv Pearl Llc	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest	Acquisiton	2024-03-08	11,472	$12.20	1,000,920	No	4	P	Indirect	By Cowen Overseas Investment LP
Common Shares Of Beneficial Interest	Disposition	2024-03-08	7,013	$12.21	993,907	No	4	S	Indirect	By Cowen Overseas Investment LP
Common Shares Of Beneficial Interest	Acquisiton	2024-03-08	4,431	$12.26	347,203	No	4	P	Indirect	By Cowen and Company, LLC
Common Shares Of Beneficial Interest	Acquisiton	2024-03-11	4,595	$12.03	998,502	No	4	P	Indirect	By Cowen Overseas Investment LP
Common Shares Of Beneficial Interest	Disposition	2024-03-11	1,500	$11.95	997,002	No	4	S	Indirect	By Cowen Overseas Investment LP
Common Shares Of Beneficial Interest	Acquisiton	2024-03-11	448	$11.91	347,651	No	4	P	Indirect	By Cowen and Company, LLC
Common Shares Of Beneficial Interest	Acquisiton	2024-03-12	1,100	$11.75	998,102	No	4	P	Indirect	By Cowen Overseas Investment LP
Common Shares Of Beneficial Interest	Disposition	2024-03-12	17,700	$11.85	980,402	No	4	S	Indirect	By Cowen Overseas Investment LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Cowen Overseas Investment LP
No	4	S	Indirect	By Cowen Overseas Investment LP
No	4	P	Indirect	By Cowen and Company, LLC
No	4	P	Indirect	By Cowen Overseas Investment LP
No	4	S	Indirect	By Cowen Overseas Investment LP
No	4	P	Indirect	By Cowen and Company, LLC
No	4	P	Indirect	By Cowen Overseas Investment LP
No	4	S	Indirect	By Cowen Overseas Investment LP

Footnotes

This Form 4 is filed jointly by Cowen Inc., Cowen Overseas Investment LP ("COIL"), Cowen and Company, LLC ("Cowen and Company"), Cowen Holdings, Inc. ("Cowen Holdings") and RCG LV Pearl LLC ("RCG", and collectively, the "Reporting Persons").
Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Represents securities owned directly by COIL. RCG is the sole owner of COIL. Cowen Inc. is the sole member of RCG. In such capacities, each of RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by COIL, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Represents securities owned directly by Cowen and Company. Cowen Holdings is the sole member of Cowen and Company. RCG is the sole owner of Cowen Holdings. Cowen Inc. is the sole member of RCG. In such capacities, each of Cowen Holdings, RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen and Company, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
The transaction was executed in multiple trades in prices ranging from $12.11 to $12.27, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $12.19 to $12.40, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $12.139 to $12.392, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $11.90 to $12.12, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $11.89 to $12.08, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $11.73 to $11.77, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $11.805 to $11.875, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
The sales by COIL on March 6, 2024 (reported on a separate Form 4) and on March 8 and March 11, 2024 (reported herein) of an aggregate 7,513 shares were matchable under Section 16(b) of the Exchange Act with the purchases by COIL and Cowen and Company of an aggregate 7,513 shares on March 6 and March 7, 2024 (reported on a separate Form 4) and on March 11 and March 12, 2024 (reported herein). The Reporting Persons have agreed to deliver a payment to the Issuer in the amount of $2,284.27, which represents the full amount of the profit realized in connection with these short-swing transactions under Section 16(b) of the Exchange Act.