Heritage Global CEO Ross Dove Sells 300,000 Shares

The $1.33 sale price equaled the Nasdaq closing price on September 24, 2026.

Rhea-AI Filing Summary

Heritage Global Inc. (HGBL) CEO and director Ross Dove sold 300,000 common shares directly to Inductive Capital LP, an entity controlled by director William L. Burnham, in a privately negotiated transaction on September 25, 2026, at $1.33 per share. The sale was not effected on an exchange or through a broker. Transfer into Inductive Capital LP's name was expected to be completed through the issuer's transfer agent after the transaction date. Dove reported direct holdings of 2,021,917 shares after the sale; no Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 300,000 shares

Net Sell 1 txn

Insider DOVE ROSS

Role CEO

Sold 300,000 shs ($399K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	300,000	$1.33	$399K

Holdings After Transaction: Common Stock — 2,021,917 shares (Direct)

Footnotes (2)

1. F1. The reported shares were sold in a privately negotiated transaction to Inductive Capital LP, an entity controlled by William L. Burnham, a director of the Issuer, at a price of $1.33 per share, pursuant to a Common Stock Purchase Agreement dated 9-25-26. The transaction was not effected on a securities exchange or through a broker. Transfer of the shares into the name of Inductive Capital LP is expected to be completed following the transaction date through the Issuer's transfer agent.
2. F2. The $1.33 per-share price equaled the Nasdaq closing price on 9/24/2026.

Key Figures

Shares sold: 300,000 shares Sale price: $1.33 per share Direct shares following transaction: 2,021,917 shares

3 metrics

Shares sold 300,000 shares Ross Dove's direct sale on September 25, 2026

Sale price $1.33 per share Privately negotiated transaction on September 25, 2026

Direct shares following transaction 2,021,917 shares Ross Dove's reported holdings after the sale

Key Terms

privately negotiated transaction, Common Stock Purchase Agreement, transfer agent

3 terms

privately negotiated transaction financial

"sold in a privately negotiated transaction to Inductive Capital LP"

A privately negotiated transaction is a deal whose terms are worked out directly between a buyer and a seller rather than through a public market or open auction. Think of it like selling a car to a neighbor instead of putting it on eBay: the price, timing and conditions are agreed one-on-one, so investors may see less public information, different pricing compared with market trades, and potential impacts on liquidity and valuation.

Common Stock Purchase Agreement financial

"pursuant to a Common Stock Purchase Agreement"

A common stock purchase agreement is a legal contract that spells out the deal when someone buys ordinary shares in a company, specifying how many shares, the price, payment method, and any conditions for the sale. For investors it matters because it defines ownership rights, timing and protections—like a receipt plus rules for a big purchase—so it determines how and when an investor actually acquires voting power and potential returns.

transfer agent financial

"through the Issuer's transfer agent"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

FAQ

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

How many HGBL shares did Ross Dove sell, and at what price?

Ross Dove sold 300,000 common shares at $1.33 per share on September 25, 2026, in a privately negotiated transaction with Inductive Capital LP.

How did the HGBL sale price compare with the prior Nasdaq close?

The $1.33 per-share sale price equaled the Nasdaq closing price on September 24, 2026.

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

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Available on EDGAR 09/29/2026 - 04:00 PM Accepted by SEC EDGAR 09/29/2026 - 04:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DOVE ROSS

(Last) (First) (Middle)

6130 NANCY RIDGE DRIVE

(Street)

SAN DIEGO CALIFORNIA 92121

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Heritage Global Inc. [ HGBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/25/2026		S(1)		300,000	D	$1.33(2)	2,021,917	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported shares were sold in a privately negotiated transaction to Inductive Capital LP, an entity controlled by William L. Burnham, a director of the Issuer, at a price of $1.33 per share, pursuant to a Common Stock Purchase Agreement dated 9-25-26. The transaction was not effected on a securities exchange or through a broker. Transfer of the shares into the name of Inductive Capital LP is expected to be completed following the transaction date through the Issuer's transfer agent.

2. The $1.33 per-share price equaled the Nasdaq closing price on 9/24/2026.

	/s/ Ross Dove by James E. Sklar POA	09/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)