Heritage Global (HGBL) EVP Sklar sells 3,734 shares in 10b5-1 trade

Rhea-AI Filing Summary

Heritage Global Inc. executive James Edward Sklar, EVP, General Counsel and Secretary, reported an open-market sale of 3,734 shares of common stock at a weighted average price of $1.35 per share. The transaction was made under a previously established Rule 10b5-1 trading plan and leaves him holding 261,125 shares directly.

Insider Trade Summary 10b5-1

Net Seller: 3,734 shares ($5,041)

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	$1.35	$5K

Holdings After Transaction: Common Stock — 261,125 shares (Direct)

Footnotes (1)

1. This transaction reflects the sale of shares made pursuant to a previously established 10b5-1 plan 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 $1.37, 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: $1.35 per share Shares held after transaction: 261,125 shares +1 more

4 metrics

Shares sold 3,734 shares Open-market sale of Heritage Global Inc. common stock

Weighted average sale price $1.35 per share Price for the 3,734 shares sold

Shares held after transaction 261,125 shares Direct holdings of James Edward Sklar following the sale

Price range of trades $1.31–$1.37 per share Range of individual trade prices in the reported sale

Key Terms

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

4 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 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.

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.

Form 4 Insider Transactions: What Each Field Means →

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)
04/01/2026

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	04/01/2026		S(1)		3,734	D	$1.35(2)	261,125	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 $1.37, 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	04/02/2026
	** 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)

FAQ

What insider transaction did HGBL executive James Edward Sklar report?

James Edward Sklar reported selling 3,734 shares of Heritage Global Inc. common stock. The sale was an open-market transaction at a weighted average price of $1.35 per share, as disclosed in a Form 4 insider trading report.

How many HGBL shares does James Edward Sklar hold after this Form 4 sale?

After the reported sale, James Edward Sklar directly holds 261,125 shares of Heritage Global Inc. common stock. This reflects his remaining position following the disposal of 3,734 shares in an open-market transaction disclosed in the Form 4 filing.

At what price did the HGBL shares sell in James Edward Sklar’s transaction?

The reported sale used a weighted average price of $1.35 per Heritage Global Inc. share. Footnotes state the shares were sold in multiple trades, with prices ranging from $1.31 to $1.37 per share during the transaction.

Was James Edward Sklar’s HGBL share sale under a Rule 10b5-1 trading plan?

Yes. A footnote explains the sale of 3,734 Heritage Global Inc. shares was executed under a previously established Rule 10b5-1 trading plan, indicating the trades were pre-arranged rather than timed at the executive’s sole discretion.

What role does James Edward Sklar hold at Heritage Global Inc. (HGBL)?

James Edward Sklar serves as Executive Vice President, General Counsel and Secretary of Heritage Global Inc. This officer role is disclosed in the Form 4 insider trading report that details his recent open-market sale of company common stock.