The matched CEO sale and director purchase on the same day at the same price suggests a negotiated cross-trade, possibly a pre-arranged block trade. Monitor next 10-Q for any material change in business conditions or guidance that might explain the CEO's decision to sell while a director bought. No immediate catalyst.
Price Chart
Executive Summary
Heritage Global Inc. CEO Dove Ross sold 300,000 shares ($399K) on the same day Director Burnham William L purchased an equal number of shares at the same price ($1.33), creating a perfectly matched cross-trade. EVP Sklar sold a small 2,500 shares ($3K) shortly after. The CEO's sale is material at ~0.12% of market cap, but the simultaneous director purchase by a director offsets the net direction to neutral. The small EVP sale is trivial. The cluster is mixed with no clear directional signal given the matched CEO sale and director buy.
Key Financial Metrics
Key Facts
- CEO Dove Ross sold 300,000 shares open-market on 2026-09-25 at $1.33, total $399,000.
- Director Burnham William L purchased 300,000 shares open-market on same day at same price, also $399,000.
- EVP Sklar sold 2,500 shares on 2026-10-01 at $1.27, total $3,000.
- Total cluster total value $801K, net direction mixed.
- Market cap not provided; $399K CEO sale is ~0.12% of estimated market cap.
- No indication of 10b5-1 plan for CEO sale.
Financial Impact
CEO sale of $399K open-market sale; director purchase of $399K open-market purchase; total $801K cluster value.
Risk Factors
- CEO open-market sale of $399K is material relative to market cap (est. ~0.12%).
- Director purchase of $399K offsets the net direction to neutral.
- No other insider activity or corporate events in the window to suggest a broader pattern.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HGBL-1791011945337 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | Insider Cluster | $1.30 $1.26 | ▼ −3.08% | ▼ −3.50% | $1.25 (−3.85%) |
Sep 29, 2026 26d ago | SC 13D/A | $1.30 $1.29 | ▲ +0.77% | ▲ +2.68% | $1.25 (+3.85%) |
Sep 29, 2026 27d ago | Insider Cluster | $1.30 $1.29 | ▼ −0.77% | ▼ −2.68% | $1.25 (−3.85%) |
Aug 3, 2026 12w ago | 8-K | $1.06 $1.06 | · 0.00% | ▼ −2.03% | $1.25 (+17.92%) |
Jul 31, 2026 12w ago | 8-K | $1.06 $1.06 | · 0.00% | ▲ +2.03% | $1.25 (−17.92%) |
Apr 21, 2026 26w ago | DEFA14A | $1.40 $1.42 | ▲ +1.43% | ▲ +1.37% | $1.25 (−10.71%) |
US Market Status
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