Hexner Michael 4

What Happened

• Michael Hexner, a director of Heritage Global, received a grant of 20,000 shares on March 5, 2026. The shares were reported at $0.00 per share (acquisition value $0) and were granted as restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-05 (grant/award, code A)
• Reported filing date: 2026-03-26 (filed 21 days after the transaction)
• Price: $0.00 per share; total recorded acquisition value $0
• Vesting (footnote): Restricted — 25% vesting on June 5, 2026; 25% on Sept 5, 2026; 25% on Dec 5, 2026; 25% on Mar 5, 2027
• Shares owned after the transaction: Not specified in the provided details
• No indication in the provided details of a 10b5-1 plan, tax withholding sale, or immediate sale of shares

Context

• This was a compensation-related restricted stock award that vests over one year in four quarterly installments; such grants are common for directors and align incentives but are not the same signal as an open-market purchase.
• The Form 4 was filed late (21 days after the grant). Form 4s are typically due within two business days of the transaction; late filings reduce timeliness of disclosure for investors but do not, by themselves, indicate the insider’s trading intent.