[144] Heritage Global Inc. SEC Filing

Rhea-AI Filing Summary

Heritage Global Inc. (HGBL) filed a Form 144 reporting a proposed sale of 7,468 shares of common stock on NASDAQ with an aggregate market value of $12,396.88. The filing lists total shares outstanding of 34,741,553 and an approximate sale date of 10/01/2025.

The securities were acquired on 03/07/2024 as Restricted Stock Units from the issuer and payment was recorded on the same date. The filer certifies there is no undisclosed material adverse information and notes no securities of the issuer were sold by the filer in the past three months.

Insights

Securities Compliance Specialist

TL;DR: Routine Form 144 filing disclosing a small planned sale of RSU-derived common shares, with standard Rule 144 representations.

The filing provides the required notice under Rule 144 for a planned disposition of 7,468 common shares acquired as restricted stock units from the issuer on 03/07/2024. It includes broker details and an approximate sale date of 10/01/2025 and contains the mandatory representation that no material nonpublic information is known. From a compliance standpoint, the form appears complete for notice purposes; vesting/accompanying plan documents or trading-plan details (e.g., 10b5-1 adoption date) are not provided in this filing.

Equity Capital Markets Analyst

TL;DR: Small securities disposition disclosed; limited market impact expected based on size and nature of acquisition.

The submission identifies the shares as originating from RSUs issued by the company on 03/07/2024 and shows the sale will be executed through Morgan Stanley Smith Barney LLC. The filing confirms no sales in the prior three months by the same person. The document lacks contextual items such as reasons for sale or linkage to a trading plan, so market-significance assessment must rely solely on the stated quantities and dates in this notice.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	7468	12396.88	34741553	10/01/2025	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	03/07/2024	Restricted Stock Units	Issuer			7468	03/07/2024	N/A

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)