X0508 4 2025-12-10 0 0000797465 HG Holdings, Inc. STLY 0001602824 Hale Partnership Capital Management, LLC 4350 CONGRESS STREET SUITE 580 CHARLOTTE NC 28209 0 0 1 0 0001496265 Hale Partnership Fund, L.P. 4350 CONGRESS STREET SUITE 580 CHARLOTTE NC 28209 0 0 1 0 0001667535 Hale Steven A II 4350 CONGRESS STREET SUITE 580 CHARLOTTE NC 28209 1 1 1 0 Chairman and CEO 0 Common Stock, par value $0.02 per share 2025-12-10 4 D 0 97678 4.25 D 0 I By Clark - Hale Fund, L.P. Common Stock, par value $0.02 per share 1550439 I By Hale Partnership Fund, L.P. Common Stock, par value $0.02 per share 376689 I By Hale ICFG Fund, L.P. Common Stock, par value $0.02 per share 63100 I By MGEN II - Hale Fund, L.P. Common Stock, par value $0.02 per share 187243 I By Smith - Hale Fund, L.P. Common Stock, par value $0.02 per share 87704 I By Dickinson - Hale Fund, L.P. 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. 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. Hale Partnership Capital Management, LLC; /s/ Steven A. Hale II, Manager 2025-12-12 /s/ Steven A. Hale II 2025-12-12 Hale Partnership Fund, L.P.; /s/ Steven A. Hale II, Manager of Hale Partnership Capital Advisors, LLC, General Partner of Hale Partnership Fund, L.P. 2025-12-12