Form 144: Proposed resale of 3,734 HGBL shares

Morgan Stanley Smith Barney filed a Form 144 disclosing proposed sales of 3,734 shares of Common stock.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney filed a Form 144 disclosing proposed sales of 3,734 shares of Common stock. The filing lists prior 10b5-1 sales by James Sklar on 01/02/2026, 02/02/2026, and 03/02/2026 with amounts shown. It also notes the securities to be sold were previously exercised stock options (dated 03/30/2021).

Insights

Securities Counsel

Form 144 lists a proposed resale of 3,734 shares tied to previously exercised options.

The filing identifies 3,734 shares of Common stock proposed for sale and records that the underlying securities were previously exercised stock options dated 03/30/2021. It separately documents executed 10b5-1 sales by James Sklar on 01/02/2026, 02/02/2026, and 03/02/2026.

Timing and exact plan mechanics beyond the listed dates are not provided in the excerpt; subsequent public filings or broker confirmations would show completion or proceeds.

Key Figures

Shares proposed for sale: 3,734 shares 10b5-1 sale amount (03/02/2026): 4,842.20 10b5-1 sale amount (02/02/2026): 5,113.71 +2 more

5 metrics

Shares proposed for sale 3,734 shares listed in the Form 144 securities to be sold row

10b5-1 sale amount (03/02/2026) 4,842.20 amount shown alongside 10b5-1 sale on 03/02/2026

10b5-1 sale amount (02/02/2026) 5,113.71 amount shown alongside 10b5-1 sale on 02/02/2026

10b5-1 sale amount (01/02/2026) 4,596.93 amount shown alongside 10b5-1 sale on 01/02/2026

Reference number or figure 34,741,553 numeric value present near header with date <date>04/01/2026</date>

Key Terms

10b5-1, Previously Exercised Stock Options, Form 144

3 terms

10b5-1 regulatory

"10b5-1 Sales for JAMES SKLAR 6130 Nancy Ridge Drive San Diego"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Previously Exercised Stock Options financial

"Previously Exercised Stock Options | Issuer | 03/30/2021"

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for HGBL disclose?

It discloses a proposed sale of 3,734 shares of Common stock. The filing notes the shares derive from previously exercised stock options dated 03/30/2021 and lists recent 10b5-1 sales.

Who executed recent 10b5-1 sales shown in the HGBL filing?

James Sklar is listed as executing 10b5-1 sales on 01/02/2026, 02/02/2026, and 03/02/2026. Each sale line in the excerpt includes the common share count 3,734.

Are the securities in the Form 144 newly issued or from option exercises?

The excerpt states the securities were previously exercised stock options with an exercise date of 03/30/2021, indicating resale of shares acquired on exercise rather than newly issued shares.

Does the Form 144 show how sale proceeds are treated?

The excerpt lists Cash in the securities-to-be-sold row, indicating a cash sale method. The filing does not state the recipient of proceeds in the provided excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 04:44 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001641547
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	HERITAGE GLOBAL INC.
SEC File Number	001-39471
Address of Issuer	6130 Nancy Ridge Drive San Diego CALIFORNIA 92121
Phone	(858)847-0659
Name of Person for Whose Account the Securities are To Be Sold	JAMES SKLAR
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3734	5078.24	34741553	04/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/30/2021	Previously Exercised Stock Options	Issuer			3734	03/30/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JAMES SKLAR 6130 Nancy Ridge Drive San Diego CA 92121	Common	03/02/2026	3734	4842.20
10b5-1 Sales for JAMES SKLAR 6130 Nancy Ridge Drive San Diego CA 92121	Common	02/02/2026	3734	5113.71
10b5-1 Sales for JAMES SKLAR 6130 Nancy Ridge Drive San Diego CA 92121	Common	01/02/2026	3734	4596.93

144: Remarks and Signature

Remarks
Date of Notice	04/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/25/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ James Sklar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)