Heritage Global director granted 20,000 shares

SHIMER SAMUEL L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

SHIMER SAMUEL L reported acquisition or exercise transactions in this Form 4 filing.

Heritage Global Inc. director Samuel L. Shimer reported an equity award of 20,000 shares of Common Stock on March 5, 2026. The shares are restricted and will vest in four equal 25% installments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027. Following this grant, Shimer directly holds 352,500 shares of Heritage Global common stock.

Insider Trade Summary

Grant/Award: 20,000 shares

Grant/Award 1 txn

Insider SHIMER SAMUEL L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 352,500 shares (Direct)

Footnotes (1)

1. F1. These shares are restricted and will vest quarterly with 25% vesting on June 5, 2026; 25% vesting on September 5, 2026; 25% vesting on December 5, 2026; and 25% vesting on March 5, 2027

FAQ

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

What insider transaction did Heritage Global Inc. (HGBL) report for Samuel L. Shimer?

Heritage Global reported that director Samuel L. Shimer received an award of 20,000 shares of Common Stock on March 5, 2026. This was a grant or award transaction, not an open-market purchase or sale, and increased his direct share holdings.

How many Heritage Global (HGBL) shares does Samuel L. Shimer hold after this Form 4?

After the March 5, 2026 grant, Samuel L. Shimer directly holds 352,500 shares of Heritage Global Common Stock. This total reflects his position following the 20,000-share restricted stock award reported in the Form 4 filing.

Was the Heritage Global (HGBL) Form 4 transaction a stock grant or an open-market trade?

The Form 4 shows a stock grant, not a market trade. Samuel L. Shimer received 20,000 shares coded as a grant or award, with a reported price per share of $0.0000, indicating compensation rather than a purchase on the open market.

What is the vesting schedule for Samuel L. Shimer’s 20,000 Heritage Global (HGBL) shares?

The 20,000 restricted shares vest quarterly in four equal parts. Vesting dates are June 5, 2026; September 5, 2026; December 5, 2026; and March 5, 2027, with 25% of the grant vesting on each specified date according to the footnote.

Does the Heritage Global (HGBL) Form 4 indicate any derivative securities for Samuel L. Shimer?

The available data indicate no derivative securities in this filing for Samuel L. Shimer. The Form 4 records only a non-derivative Common Stock grant of 20,000 restricted shares and shows no remaining option or other derivative positions.

Is Samuel L. Shimer classified as an officer or director of Heritage Global (HGBL) in this Form 4?

In this Form 4, Samuel L. Shimer is identified as a director of Heritage Global Inc. He is not listed as an officer and is not marked as a ten percent owner, so the filing reflects his status solely in his director role.

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

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Accepted by SEC EDGAR 03/26/2026 - 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).

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^*

SHIMER SAMUEL L

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		20,000(1)	A	$0	352,500	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. These shares are restricted and will vest quarterly with 25% vesting on June 5, 2026; 25% vesting on September 5, 2026; 25% vesting on December 5, 2026; and 25% vesting on March 5, 2027

	/s/ Sam Shimer by James E. Sklar POA	03/26/2026
	** 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)