SCHEDULE 13D/A

HG Holdings Inc

Common Stock, Par Value $0.02 Per Share · CUSIP: 42834P207

Event date: 2025-04-21

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Hale Partnership Capital Management, LLCReported CIK 0001602824

  Shares: 3,874,836.00 · Class: 73.0%

• Hale Partnership Capital Advisors, LLCReported CIK 0001809377

  Shares: 2,362,853.00 · Class: 44.5%

• Hale Partnership Fund, L.P.Reported CIK 0001496265

  Shares: 1,550,439.00 · Class: 29.2%

• Hale ICFG Fund, L.P.

  Shares: 376,689.00 · Class: 7.1%

• MGEN II - Hale Fund, L.P.Reported CIK 0001809376

  Shares: 63,100.00 · Class: 1.2%

• Clark - Hale Fund, L.P.Reported CIK 0001809189

  Shares: 97,678.00 · Class: 1.8%

• Dickinson - Hale Fund, L.P.

  Shares: 87,704.00 · Class: 1.7%

• Smith - Hale Fund, L.P.Reported CIK 0001809193

  Shares: 187,243.00 · Class: 3.5%

• Hale Steven A IIReported CIK 0001667535

  Shares: 3,902,613.00 · Class: 73.5%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.