Sec Form 4 Filing - Star Equity Fund, LP @ Firsthand Technology Value Fund, Inc. - 2023-11-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Star Equity Fund, LP
2. Issuer Name and Ticker or Trading Symbol
Firsthand Technology Value Fund, Inc. [ SVVC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
53 FOREST AVENUE, SUITE 101
3. Date of Earliest Transaction (MM/DD/YY)
11/15/2023
(Street)
OLD GREENWICH, CT06870
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 11/15/2023 P 59,494 A $ 0.2527 ( 2 ) 1,278,749 D ( 3 )
Common Stock ( 1 ) 11/16/2023 P 6,960 A $ 0.2252 ( 4 ) 1,285,709 D ( 3 )
Common Stock ( 1 ) 11/17/2023 P 9,000 A $ 0.25 1,294,709 D ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Star Equity Fund, LP
53 FOREST AVENUE, SUITE 101
OLD GREENWICH, CT06870
X
STAR EQUITY HOLDINGS, INC.
53 FOREST AVE, SUITE 101
OLD GREENWICH, CT06870
X
Star Equity Fund GP, LLC
53 FOREST AVENUE, SUITE 101
OLD GREENWICH, CT06870
X
Star Investment Management LLC
53 FOREST AVENUE, SUITE 101
OLD GREENWICH, CT06870
X
Star Value Investments, LLC
53 FOREST AVENUE, SUITE 101
OLD GREENWICH, CT06870
X
Eberwein Jeffrey E.
53 FOREST AVENUE, SUITE 101
OLD GREENWICH, CT06870
X
Signatures
Star Equity Fund, LP; By: /s/ Jeffrey E. Eberwein, Authorized Signatory 11/17/2023
Signature of Reporting Person Date
Star Equity Holdings, Inc.; By: /s/ Richard K. Coleman Jr., Authorized Signatory 11/17/2023
Signature of Reporting Person Date
Star Equity Fund GP, LLC; By: /s/ Jeffrey E. Eberwein, Authorized Signatory 11/17/2023
Signature of Reporting Person Date
Star Investment Management, LLC; By: /s/ Jeffrey E. Eberwein, Authorized Signatory 11/17/2023
Signature of Reporting Person Date
Star Value, LLC; By: /s/ Richard K. Coleman Jr., Authorized Signatory 11/17/2023
Signature of Reporting Person Date
/s/ Jeffrey E. Eberwein 11/17/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by Jeffrey E. Eberwein, Star Equity Fund, LP ("Star Equity Fund"), Star Equity Fund GP, LLC ("Star Equity GP"), Star Investment Management, LLC ("Star Investment Management"), Star Value Investments, LLC ("Star Value"), and Star Equity Holdings, Inc. ("Star Equity Holdings") (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
( 2 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.2251 to $0.2590, inclusive. The Reporting Persons undertake to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.
( 3 )Shares owned directly by Star Equity Fund. Star Equity GP, as the general partner of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Investment Management, as the investment manager of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Value, as the sole member of Star Equity GP and wholly owned subsidiary of Star Equity Holdings, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Equity Holdings, as the parent of Star Value, sole member of Star Management, and limited partner of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. As the manager of Star Equity GP and Star Investment Management, Mr. Eberwein may be deemed the beneficial owner of the securities owned by Star Equity Fund.
( 4 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.2251 to $0.2495, inclusive. The Reporting Persons undertake to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased.

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