Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-18 · Built: 2026-10-18 · 中文

← United States · Coverage record

US · SEC FORM 4

Heritage Global Inc.

HGBL · Nasdaq · CIK 0000849145 · Financial Services · Capital Markets

INSIDER SIGNAL

58.4 / 100

4 buyers · 5 purchase transaction lines · $530.1K gross purchase

WHY THIS SIGNAL?

Buyer breadthStrong
Purchase sizeLow
RoleModerate
RecencyModerate
ConvictionLow
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+28.0 / 35
Purchase size+8.3 / 25
Role+13.0 / 20
Recency+6.8 / 10
Conviction+2.3 / 10

What is holding the score back?

  • ⚠ Purchase size is modest relative to the model scale
  • ⚠ Role scores low · most senior buyer: President, Industrial Assets (CEO, chair and 10% owners score lowest)
  • ⚠ Buying conviction is reduced by concurrent selling
  • ✓ Cluster breadth is broad · 4+ insiders

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
Sklar James EdwardEVP, Gen Counsel & Secretary
▼▼▼
Dove Nicholas KirkPresident, Industrial Assets
●●
Ludwig Thomas VanPresident, NLEX
○○
DOVE ROSSCEO
▼
Burnham William LDirector
●
COBB BRIAN J.CFO
●
● Purchase▼ Sale○ Other

Showing the six most active owners; 1 additional owner(s) remain in Form 4 evidence.

Purchase breadth & concentration

QUALIFYING BUYERS4
PURCHASE CONCENTRATION75%Largest buyer: Burnham William L · $399.0K
CLUSTER BUYING · 15D3 insidersPeak activity: 2026-08-17–2026-08-20

Roles in the peak window: CFO, President, Heritage DebtX LLC, President, Industrial Assets. Concentration uses priced qualifying P lines only and does not change the saved score.

SIGNAL HISTORY

58.4 / 100

Latest recorded score

↓ -0.2 ptsversus the previous recorded snapshot
  1. 59.0
  2. 58.8
  3. 58.7
  4. 58.6
  5. 58.4

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

5Purchases
10Sales
7Other Form 4 lines
21SEC filings · 365 days
BUYING5 qualifying P line(s) · 180 days
SELLING4 sale line(s) · context only
OTHER2 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot detected in parsed evidence

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-10.7%
3M
+0.8%
6M
-10.7%
12M
-22.4%

Volatility & liquidity

Volatility
40.7%
Beta
—
Avg daily value
USD 239,393

Valuation

Market cap
USD 43.3M
P/E
12.1×

Fundamentals

Profit margin
7.0%
ROE
5.4%
Industry
Capital Markets

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Market cap, P/E, Profit margin, ROE · Fiscal year ended: 2025-12-31 · Market cap is the shares outstanding stated on the filing cover multiplied by the latest close. Share count date: 2026-08-01 · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
89,801
Previous report
70,831
Avg daily volume
77,719
Days to cover
1.2

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-25Burnham William LPurchase (P)Common Stock300,000USD 1.33USD 399,000SEC filing ↗
2026-08-20COBB BRIAN J.Purchase (P)Common Stock20,000USD 1.10USD 22,000SEC filing ↗
2026-08-17Hounsell Bruce KennethPurchase (P)Common Stock10,000USD 1.14USD 11,400SEC filing ↗
2026-08-17Dove Nicholas KirkPurchase (P)Common Stock60,000USD 1.10USD 66,000SEC filing ↗
2026-05-21Dove Nicholas KirkPurchase (P)Common Stock26,000USD 1.22USD 31,720SEC filing ↗
2024-03-20DOVE ROSSPurchase (P)Common Stock7,297USD 2.75USD 20,067SEC filing ↗
2024-03-19Dove Nicholas KirkPurchase (P)Common Stock5,000USD 2.88USD 14,400SEC filing ↗
2023-11-13Dove Nicholas KirkPurchase (P)Common Stock5,000USD 2.85USD 14,250SEC filing ↗
2023-09-13SHIMER SAMUEL LPurchase (P)Common Stock10,000USD 2.95USD 29,500SEC filing ↗
2023-08-24DOVE ROSSPurchase (P)Common Stock3,200USD 3.11USD 9,952SEC filing ↗
2023-08-17Dove Nicholas KirkPurchase (P)Common Stock3,455USD 3.13USD 10,814SEC filing ↗
2023-08-15Ludwig David VanPurchase (P)Common Stock1,825USD 3.30USD 6,022SEC filing ↗
2023-08-14Ludwig David VanPurchase (P)Common Stock4,583USD 3.12USD 14,299SEC filing ↗
2023-08-14Hexner MichaelPurchase (P)Common Stock8,253USD 3.12USD 25,749SEC filing ↗
2023-08-14DOVE ROSSPurchase (P)Common Stock6,211USD 3.22USD 19,999SEC filing ↗

Form 4 evidence

22 transaction lines in the latest 365-day window; 236 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-10-01Sklar James EdwardSale (S)Common Stock2,500USD 1.27USD 3,175SEC filing ↗
2026-09-25DOVE ROSSSale (S)Common Stock300,000USD 1.33USD 399,000SEC filing ↗
2026-09-25Burnham William LPurchase (P)Common Stock300,000USD 1.33USD 399,000SEC filing ↗
Show recent Form 4 evidence (22 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-10-01Sklar James EdwardSale (S)Common Stock2,500USD 1.27USD 3,175SEC filing ↗
2026-09-25DOVE ROSSSale (S)Common Stock300,000USD 1.33USD 399,000SEC filing ↗
2026-09-25Burnham William LPurchase (P)Common Stock300,000USD 1.33USD 399,000SEC filing ↗
2026-09-01Sklar James EdwardSale (S)Common Stock2,500USD 1.27USD 3,175SEC filing ↗
2026-08-20COBB BRIAN J.Purchase (P)Common Stock20,000USD 1.10USD 22,000SEC filing ↗
2026-08-17Hounsell Bruce KennethPurchase (P)Common Stock10,000USD 1.14USD 11,400SEC filing ↗
2026-08-17Dove Nicholas KirkPurchase (P)Common Stock60,000USD 1.10USD 66,000SEC filing ↗
2026-05-21Dove Nicholas KirkPurchase (P)Common Stock26,000USD 1.22USD 31,720SEC filing ↗
2026-05-14Ludwig Thomas VanOption exercise / conversion (M)Common Stock31,875USD 0.70USD 22,312SEC filing ↗
2026-05-14Ludwig Thomas VanTax withholding (F)Common Stock23,919USD 1.22USD 29,181SEC filing ↗
2026-05-01Sklar James EdwardSale (S)Common Stock3,734USD 1.33USD 4,966SEC filing ↗
2026-04-01Sklar James EdwardSale (S)Common Stock3,734USD 1.35USD 5,041SEC filing ↗
2026-03-05Sharpe Kelly SAward / grant (A)Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-03-05Sinsley Barbara AAward / grant (A)Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-03-05SHIMER SAMUEL LAward / grant (A)Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-03-05Hexner MichaelAward / grant (A)Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-03-05Burnham William LAward / grant (A)Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-03-02Sklar James EdwardSale (S)Common Stock3,734USD 1.30USD 4,854SEC filing ↗
2026-02-02Sklar James EdwardSale (S)Common Stock3,734USD 1.37USD 5,116SEC filing ↗
2026-01-02Sklar James EdwardSale (S)Common Stock3,734USD 1.23USD 4,593SEC filing ↗
2025-12-01Sklar James EdwardSale (S)Common Stock3,734USD 1.31USD 4,892SEC filing ↗
2025-11-03Sklar James EdwardSale (S)Common Stock3,734USD 1.43USD 5,340SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-18
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerHGBL
CIK0000849145
SectorFinancial Services
IndustryCapital Markets Yahoo Finance
SEC SIC7389 Services-Business Services, NEC
ExchangeNasdaq

Data coverage

Local Form 4 history236 transaction lines from 2020-03-18 to 2026-10-01
62 P purchase lines · 89 S sale lines · 85 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.