Insider files Form 144 to sell Common shares

Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common stock by James Sklar under a 10b5-1 plan.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common stock by James Sklar under a 10b5-1 plan. The notice lists 3,734 shares with planned sale entries on 02/02/2026, 03/02/2026, and 04/01/2026, and associated amounts of 5113.71, 4842.20, and 5031.94 respectively. The filing names Morgan Stanley Smith Barney LLC as the broker and shows NASDAQ as the exchange.

Insights

Equity Capital Markets Analyst

Form 144 lists planned insider sales under a 10b5-1 plan across three dates.

The filing shows a brokered notice from Morgan Stanley Smith Barney LLC for proposed sales of 3,734 shares tied to entries on 02/02/2026, 03/02/2026, and 04/01/2026. Each row includes a numeric amount recorded alongside the share count.

These are notice-level disclosures of planned dispositions under a pre-arranged 10b5-1 program. Cash-flow treatment and exact execution details are not provided in the excerpt; subsequent trade reports or broker confirmations would show completed transactions.

Key Figures

Shares listed: 3,734 shares Planned sale date: 02/02/2026 Planned sale date: 03/02/2026 +4 more

7 metrics

Shares listed 3,734 shares Quantity shown in each sale entry

Planned sale date 02/02/2026 First listed 10b5-1 sale date

Planned sale date 03/02/2026 Second listed 10b5-1 sale date

Planned sale date 04/01/2026 Third listed 10b5-1 sale date

Amount listed 5113.71 Amount shown alongside 02/02/2026 entry

Amount listed 4842.20 Amount shown alongside 03/02/2026 entry

Amount listed 5031.94 Amount shown alongside 04/01/2026 entry

Key Terms

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

3 terms

10b5-1 regulatory

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

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.

Form 144 regulatory

"Filer Information | 144: Filer Information"

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.

Previously Exercised Stock Options financial

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

FAQ

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

What does the Form 144 for HGBL show?

The Form 144 shows proposed sales of Common stock by James Sklar under a 10b5-1 plan. It lists 3,734 shares and planned sale entries dated 02/02/2026, 03/02/2026, and 04/01/2026.

How many shares does the filing list for the proposed sales (HGBL)?

The filing lists a quantity of 3,734 shares in each recorded sale entry. These counts appear alongside the date and an associated numeric amount for each entry.

Who is the broker handling the proposed sales in the HGBL filing?

The broker named in the filing is Morgan Stanley Smith Barney LLC with an address at 1 New York Plaza, 8th Floor, New York, NY. The exchange listed is NASDAQ.

Were the sales in the Form 144 executed or only proposed?

This Form 144 provides notice of proposed sales under a 10b5-1 plan. The excerpt lists planned sale dates and amounts; execution confirmations are not included in the provided text.

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

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Accepted by SEC EDGAR 05/01/2026 - 04:43 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	05/01/2026	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	04/01/2026	3734	5031.94
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

144: Remarks and Signature

Remarks
Date of Notice	05/01/2026
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)