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Filing Details

Accession Number:: 0001602824-25-000003
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-05-12 17:22:32
Reporting Period:: 2025-04-21

Filing Date:: 2025-05-12
Accepted Time:: 2025-05-12 17:22:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
797465	Hg Holdings Inc.	STLY	Real Estate Investment Trusts (6798)	541272589

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1496265	Hale Partnership Fund, L.p.	2115 E. 7Th Street Ste. 101 Charlotte NC 28204		No	No	Yes	No
1602824	Hale Partnership Capital Management, Llc	2115 E. 7Th Street Ste. 101 Charlotte NC 28204		No	No	Yes	No
1667535	Ii A Steven Hale	2115 E. 7Th Street Ste. 101 Charlotte NC 28204	Chairman And Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.02 Per Share	Acquisiton	2025-04-21	847,428	$0.00	1,550,439	No	4	P	Indirect	By Hale Partnership Fund, L.P.
Common Stock, Par Value $0.02 Per Share	Acquisiton	2025-04-21	376,689	$0.00	376,689	No	4	P	Indirect	By Hale ICFG Fund, L.P.
Common Stock, Par Value $0.02 Per Share	Acquisiton	2025-04-21	32,855	$0.00	63,100	No	4	P	Indirect	By MGEN II - Hale Fund, L.P.
Common Stock, Par Value $0.02 Per Share	Acquisiton	2025-04-21	185,343	$0.00	187,243	No	4	P	Indirect	By Smith - Hale Fund, L.P.
Common Stock, Par Value $0.02 Per Share	Acquisiton	2025-04-21	84,904	$0.00	87,704	No	4	P	Indirect	By Dickinson - Hale Fund, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Hale Partnership Fund, L.P.
No	4	P	Indirect	By Hale ICFG Fund, L.P.
No	4	P	Indirect	By MGEN II - Hale Fund, L.P.
No	4	P	Indirect	By Smith - Hale Fund, L.P.
No	4	P	Indirect	By Dickinson - Hale Fund, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.02 Per Share	97,678	Indirect	By Clark - Hale Fund, L.P.

Footnotes

The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT Corporation ("ACMAT") and other assets having an estimated market value of approximately $6,609,938.
Hale Partnership Capital Advisors, LLC ("Hale GP"), as the general partner to each of Hale Partnership Fund, L.P., Hale ICFG Fund, L.P., MGEN II - Hale Fund, L.P., Smith - Hale Fund, L.P., Dickinson - Hale Fund, L.P. and Clark - Hale Fund, L.P. (collectively, the "Hale Funds"), Hale Partnership Capital Management, LLC ("Hale Advisor"), as the investment manager to each of the Hale Funds, and Steven A. Hale II ("Mr. Hale"), as a principal of each of Hale GP and Hale Advisor, may be deemed to be beneficial owners of the shares held directly by the Hale Funds. Mr. Hale is the Chairman and Chief Executive Officer and a director of HG Holdings, Inc. (the "Company"). Each of Hale GP, Hale Advisor and Mr. Hale disclaims beneficial ownership of the shares referred to herein, except to the extent of its or his pecuniary interest therein.
Does not include (i) 27,777 shares of Common Stock held directly by Mr. Hale or (ii) 1,511,983 shares of Common Stock held in a discretionary separately managed account for which Hale Advisor serves as investment manager.
The amount of securities beneficially owned by Hale Partnership Fund, L.P. in the Form 4 filed on December 17, 2021 was incorrectly reported as 703,019 shares of Common Stock. Such Form 4 should have reported 703,011 shares of Common Stock beneficially owned by Hale Partnership Fund, L.P.
The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $2,938,174.
The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of Class A stock of ACMAT and other assets having an estimated market value of approximately $256,269.
The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $1,445,675.
The reporting person acquired the Common Stock in a privately negotiated transaction in exchange for shares of common stock and Class A stock of ACMAT and other assets having an estimated market value of approximately $662,251.