Heritage Global CEO sells 300,000 shares to Inductive
Transfer of the shares into Inductive Capital LP's name through Heritage Global's transfer agent was expected to be completed following September 25, 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Heritage Global Inc. (HGBL) director William L. Burnham reported that Inductive Capital LP privately purchased 300,000 common shares from Ross Dove, the company's Chief Executive Officer and a director, on September 25, 2026, at $1.33 per share. The reported post-transaction positions were 300,000 shares held by the LP and 70,000 shares held directly by Burnham. Burnham may be deemed to beneficially own the LP's shares but disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Net Buyer: 300,000 shares
Net Buy
2 txns
Insider
Burnham William L
Role
Director
Bought
300,000 shs ($399K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2, F3 | 300,000 | $1.33 | $399K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 300,000 shares (Indirect, By Inductive Capital LP);
Common Stock — 70,000 shares (Direct)
Footnotes (3)
- F1. The reported shares were purchased by Inductive Capital LP in a privately negotiated transaction from Ross Dove, Chief Executive Officer and 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.
- F2. The $1.33 per-share price equaled the Nasdaq closing price on 9/24/2026.
- F3. The shares are held directly by Inductive Capital LP. Inductive Holdings, LLC is the general partner of Inductive Capital LP, and the reporting person is the managing member of Inductive Holdings, LLC. The reporting person may therefore be deemed to beneficially own the shares held by Inductive Capital LP. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares purchased: 300,000 shares
Purchase price: $1.33 per share
LP shares after transaction: 300,000 shares
+1 more
4 metrics
Shares purchased
300,000 shares
Inductive Capital LP purchase on September 25, 2026
Purchase price
$1.33 per share
Price equaled the Nasdaq closing price on September 24, 2026
LP shares after transaction
300,000 shares
Held by Inductive Capital LP following the September 25, 2026 transaction
Direct shares held after transaction
70,000 shares
Reported by William L. Burnham following the September 25, 2026 transaction
Key Terms
privately negotiated transaction, Common Stock Purchase Agreement, beneficially own, pecuniary interest, +1 more
5 terms
privately negotiated transaction financial
"purchased by Inductive Capital LP in a privately negotiated transaction"
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.
beneficially own regulatory
"may therefore be deemed to beneficially own the shares held by Inductive Capital LP"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
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.
What holdings did William L. Burnham report after the HGBL transaction?
The reported positions were 300,000 shares held by Inductive Capital LP and 70,000 shares held directly by Burnham. Burnham, a director and managing member of Inductive Holdings, LLC, the LP's general partner, may be deemed to beneficially own the LP's shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
How did the HGBL purchase price compare with the previous closing price?
The $1.33 per-share price equaled the Nasdaq closing price on September 24, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
