Heritage Global executive exercises stock options
Heritage Global Inc. president exercises options and covers taxes with shares.
Rhea-AI Filing Summary
Heritage Global Inc. president exercises options and covers taxes with shares. On May 14, 2026, Ludwig Thomas Van exercised options to acquire 31,875 shares of common stock at $0.70 per share and had 23,919 shares withheld to satisfy tax obligations, resulting in a net increase of 7,956 shares. Following these transactions, he directly holds 246,527 common shares and retains 85,000 options to purchase common stock at $0.70 per share, expiring on June 1, 2029. The footnote states these options were granted on June 1, 2019 and vested 25% annually beginning one year after the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,875 shares exercised/converted
Exercise
3 txns
Insider
Ludwig Thomas Van
Role
President, NLEX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options to purchase common stock | 31,875 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,875 | $0.70 | $22K |
| Exercise Price or Tax Liability | Common Stock | 23,919 | $1.22 | $29K |
Holdings After Transaction:
Options to purchase common stock — 85,000 contracts (Direct);
Common Stock — 222,608 shares (Direct)
Footnotes (1)
- F1. Options were granted 6/1/2019 and vested 25% annually beginning on the first anniversary of the grant date.
Key Figures
Options exercised: 31,875 shares
Exercise price: $0.70/share
Tax withholding shares: 23,919 shares
+5 more
8 metrics
Options exercised
31,875 shares
Common stock options exercised on May 14, 2026 at $0.70
Exercise price
$0.70/share
Exercise or conversion price for options to purchase common stock
Tax withholding shares
23,919 shares
Shares withheld to cover tax liability at $1.22 per share
Indicated tax price
$1.22/share
Price per share for tax-withholding disposition of common stock
Shares after transactions
246,527 shares
Total common shares directly owned after May 14, 2026 transactions
Options remaining
85,000 options
Options to purchase common stock remaining after exercise
Option expiration
June 1, 2029
Expiration date of remaining options at $0.70 per share
Net shares added
7,956 shares
Options exercised minus tax-withholding shares
Key Terms
tax-withholding disposition, derivative exercise/conversion, Options to purchase common stock, vested 25% annually, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 23,919 common shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for 31,875-share option exercise"
Options to purchase common stock financial
"security_title: "Options to purchase common stock" with 31,875 underlying shares"
vested 25% annually financial
"footnote: "vested 25% annually beginning on the first anniversary""
non-derivative financial
"transaction_type marked as "non-derivative" for common stock entries"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HGBL executive Ludwig Thomas Van report?
He exercised options to acquire 31,875 Heritage Global (HGBL) shares at $0.70 and had 23,919 shares withheld for taxes. These compensation-related moves increased his direct stock holdings without any open-market purchases or sales.
How many options does the HGBL executive still have after this Form 4?
He retains 85,000 options to purchase Heritage Global common stock at an exercise price of $0.70 per share. These options remain outstanding following the May 14, 2026 exercise transaction reported in the Form 4 filing.
What was the tax-withholding component in the HGBL Form 4 filing?
The company withheld 23,919 shares of Heritage Global common stock at an indicated price of $1.22 per share. This tax-withholding disposition covered exercise-related obligations and is not an open-market sale by the executive.
At what price were Ludwig Thomas Van’s HGBL options exercised?
The options were exercised at an exercise price of $0.70 per share for 31,875 shares of Heritage Global common stock. This transaction converted derivative options into actual shares as part of his compensation package.
When do Ludwig Thomas Van’s remaining HGBL options expire?
His remaining 85,000 options to purchase Heritage Global common stock carry an expiration date of June 1, 2029. They were originally granted on June 1, 2019 and vested 25% annually starting one year after grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
