Heritage Global exec sells 2,500 shares at $1.27

Heritage Global’s EVP, General Counsel & Secretary sold 2,500 shares under a pre-set 10b5-1 trading plan and continues to hold over 250,000 shares.

Rhea-AI Filing Summary

Heritage Global Inc. (HGBL) reported that James Edward Sklar, EVP, General Counsel & Secretary, sold 2,500 shares of common stock on September 1, 2026 in an open-market transaction under a previously established Rule 10b5-1 plan. The weighted average sale price was $1.27 per share, and he now directly holds 254,891 shares of Heritage Global common stock.

Insider Trade Summary 10b5-1

Net Seller: 2,500 shares

Net Sell 1 txn

Insider Sklar James Edward

Role EVP, Gen Counsel & Secretary

Sold 2,500 shs ($3K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	2,500	$1.27	$3K

Holdings After Transaction: Common Stock — 254,891 shares (Direct)

Footnotes (2)

1. F1. This transaction reflects the sale of shares made pursuant to a previously established 10b5-1 plan
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.26 to $1.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

Key Figures

Shares sold: 2,500 shares Weighted average sale price: $1.27 per share Sale price range: $1.26–$1.28 per share +2 more

5 metrics

Shares sold 2,500 shares Common stock sale on September 1, 2026

Weighted average sale price $1.27 per share Common stock sold in multiple transactions

Sale price range $1.26–$1.28 per share Range of prices for the 2,500 shares sold

Shares held after transaction 254,891 shares Direct ownership by James Edward Sklar after the sale

Net shares sold 2,500 shares Net selling activity reported in this Form 4

Key Terms

Rule 10b5-1 plan, weighted average price, open market or private transaction

3 terms

Rule 10b5-1 plan regulatory

"sale of shares made pursuant to a previously established 10b5-1 plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction market

"Sale in open market or private transaction"

FAQ

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

What insider transaction did Heritage Global Inc. (HGBL) report in this Form 4?

Heritage Global reported that James Edward Sklar, EVP, General Counsel & Secretary, sold 2,500 shares of common stock on September 1, 2026 in an open-market transaction.

At what price were the HGBL shares sold in this insider transaction?

The filing reports a weighted average price of $1.27 per share. The shares were sold in multiple transactions at prices ranging from $1.26 to $1.28, inclusive.

How many Heritage Global (HGBL) shares does James Edward Sklar hold after this sale?

After the reported sale, James Edward Sklar directly holds 254,891 shares of Heritage Global common stock.

Was the HGBL insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the sale was made pursuant to a previously established Rule 10b5-1 plan, indicating it followed a pre-arranged trading schedule.

Who is the reporting person in this Heritage Global (HGBL) Form 4?

The reporting person is James Edward Sklar, who serves as EVP, General Counsel & Secretary of Heritage Global Inc.

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

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Available on EDGAR 09/02/2026 - 04:00 PM EDT Accepted by SEC EDGAR 09/02/2026 - 04:00 PM EDT 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).

X

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^*

Sklar James Edward

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen Counsel & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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	09/01/2026		S(1)		2,500	D	$1.27(2)	254,891	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. This transaction reflects the sale of shares made pursuant to a previously established 10b5-1 plan

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.26 to $1.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

	/s/ James Sklar	09/02/2026
	** 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)