HGBL insider plans 3,734-share sale under Form 144

HGBL insider James Sklar filed a Form 144 indicating an intended sale of 3,734 common shares, with an aggregate market value of $5,115.58.

Rhea-AI Filing Summary

HGBL insider James Sklar filed a Form 144 indicating an intended sale of 3,734 common shares, with an aggregate market value of $5,115.58. The shares are to be sold through Morgan Stanley Smith Barney on NASDAQ around February 2, 2026. The shares were acquired as restricted stock units on March 1, 2023. The notice also lists three prior 10b5-1 sales of 3,734 shares each during November 2025, December 2025, and January 2026, with gross proceeds of $5,353.44, $4,901.50, and $4,596.93, respectively. By signing, the seller represents that he does not know any undisclosed material adverse information about the issuer.

FAQ

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

What does the Form 144 filing for HGBL insider James Sklar disclose?

The filing discloses an intended sale of 3,734 HGBL common shares for the account of James Sklar. The planned sale has an aggregate market value of $5,115.58 and is to be executed through Morgan Stanley Smith Barney on NASDAQ around February 2, 2026.

How many HGBL shares is James Sklar planning to sell under this Form 144?

The notice covers an intended sale of 3,734 HGBL common shares. These shares were originally acquired as restricted stock units on March 1, 2023. The aggregate market value listed for this planned sale is $5,115.58 based on the information in the filing.

What prior HGBL share sales by James Sklar are reported in the last three months?

The document lists three prior 10b5-1 sales of 3,734 HGBL common shares each on November 3, 2025, December 1, 2025, and January 2, 2026. The respective gross proceeds were $5,353.44, $4,901.50, and $4,596.93 for these transactions.

How were the HGBL shares in this Form 144 originally acquired?

The 3,734 HGBL shares covered by this Form 144 were acquired as restricted stock units on March 1, 2023. The filing identifies the issuer as the source of the shares, and the nature of payment is described as N/A, reflecting the equity award structure.

Which broker and exchange are involved in James Sklar’s planned HGBL share sale?

The planned sale is to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York. The filing specifies that the HGBL common shares will be sold on NASDAQ, aligning with the issuer’s listed trading venue.

What is the role of Rule 10b5-1 in the HGBL sales by James Sklar?

The past three months’ transactions are identified as 10b5-1 sales for James Sklar. This indicates they were executed under a pre-established trading plan, which allows insiders to sell shares on a scheduled basis while reducing concerns about trading on nonpublic information.

What representation does the HGBL insider make in signing this Form 144?

By signing, the person for whose account the HGBL securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed, consistent with the form’s standard certification language.

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Accepted by SEC EDGAR 02/02/2026 - 04:31 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	12625 High Bluff Drive, Suite 305 San Diego CALIFORNIA 92130
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	5115.58	34741553	02/02/2026	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	03/01/2023	Restricted Stock Units	Issuer			3734	03/01/2023	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JAMES SKLAR 12625 High Bluff Drive, Suite 305 San Diego CA 92130	Common	01/02/2026	3734	4596.93
10b5-1 Sales for JAMES SKLAR 12625 High Bluff Drive, Suite 305 San Diego CA 92130	Common	12/01/2025	3734	4901.50
10b5-1 Sales for JAMES SKLAR 12625 High Bluff Drive, Suite 305 San Diego CA 92130	Common	11/03/2025	3734	5353.44

144: Remarks and Signature

Remarks
Date of Notice	02/02/2026
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)