Heritage Global EVP sells 3,734 shares in plan trade

Heritage Global Inc. executive James Edward Sklar, EVP, General Counsel & Secretary, reported an open-market sale of 3,734 shares of common stock on May 1, 2026, at a weighted average price of $1.33 per share.

Rhea-AI Filing Summary

Heritage Global Inc. executive James Edward Sklar, EVP, General Counsel & Secretary, reported an open-market sale of 3,734 shares of common stock on May 1, 2026, at a weighted average price of $1.33 per share. The sale was made under a previously established Rule 10b5-1 trading plan and executed in multiple trades between $1.31 and $1.36 per share. After this transaction, Sklar directly owns 257,391 Heritage Global shares.

Insider Trade Summary 10b5-1

Net Seller: 3,734 shares

Net Sell 1 txn

Insider Sklar James Edward

Role EVP, Gen Counsel & Secretary

Sold 3,734 shs ($5K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,734	$1.33	$5K

Holdings After Transaction: Common Stock — 257,391 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 $1.31 to $1.36, 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: 3,734 shares Weighted average sale price: $1.33 per share Sale price range: $1.31–$1.36 per share +1 more

4 metrics

Shares sold 3,734 shares Open-market sale on May 1, 2026

Weighted average sale price $1.33 per share Common stock sale by EVP James Edward Sklar

Sale price range $1.31–$1.36 per share Multiple transactions included in the reported sale

Shares owned after transaction 257,391 shares Direct ownership following the reported sale

Key Terms

Rule 10b5-1, open-market sale, weighted average price, Form 4

4 terms

Rule 10b5-1 regulatory

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

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

Form 4 regulatory

"within the ranges set forth in footnote (2) to this Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Heritage Global (HGBL) report for James Edward Sklar?

Heritage Global reported that EVP, General Counsel & Secretary James Edward Sklar sold 3,734 shares of common stock in an open-market transaction on May 1, 2026, at a weighted average price of $1.33 per share under an established Rule 10b5-1 trading plan.

At what prices did James Edward Sklar sell Heritage Global (HGBL) shares?

The reported price of $1.33 is a weighted average. The 3,734 Heritage Global shares were sold in multiple transactions at prices ranging from $1.31 to $1.36 per share, inclusive, as disclosed in the Form 4 footnotes for this insider sale.

How many Heritage Global (HGBL) shares does James Edward Sklar own after this Form 4 sale?

After selling 3,734 shares, James Edward Sklar directly owns 257,391 shares of Heritage Global common stock. This post-transaction share count is reported in the Form 4 as the total number of shares beneficially owned following the disclosed open-market sale.

Was the Heritage Global (HGBL) insider sale by James Edward Sklar pre-planned?

Yes. The Form 4 footnotes state that James Edward Sklar’s sale of 3,734 Heritage Global shares was executed pursuant to a previously established Rule 10b5-1 trading plan, indicating the trades were pre-arranged rather than discretionary timing decisions.

What does the weighted average price mean in this Heritage Global (HGBL) Form 4?

The weighted average price of $1.33 per share means multiple trades occurred between $1.31 and $1.36, and the reported figure reflects their combined average. The footnote notes that detailed trade-by-trade prices are available upon request from Heritage Global or the SEC staff.

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

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Accepted by SEC EDGAR 05/08/2026 - 03:20 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).

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)
05/01/2026

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	05/01/2026		S(1)		3,734	D	$1.33(2)	257,391	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 $1.31 to $1.36, 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	05/08/2026
	** 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)