SHIMER SAMUEL L 4

What Happened
Samuel L. Shimer, a director of Heritage Global, Inc. (HGBL), received an award of 20,000 restricted common shares on March 5, 2026. The shares were granted at $0.00 (an award/compensation grant), so no cash was exchanged. This is a grant of equity compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 26, 2026 (filing appears late relative to the 2-business‑day Form 4 requirement).
• Transaction type/code: A — Award/Grant/Other acquisition.
• Shares granted: 20,000 restricted common shares at $0.00.
• Vesting: 25% vesting on June 5, 2026; 25% on Sept 5, 2026; 25% on Dec 5, 2026; 25% on Mar 5, 2027 (per footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnote: The grant is restricted and subject to the quarterly vesting schedule noted above.

Context
Stock awards to directors are common as part of compensation and do not necessarily indicate immediate bullish or bearish sentiment because the shares are restricted and vest over time. Because this was a grant (not an open‑market buy), it’s primarily a form of compensation rather than a straightforward insider investment signal. The Form 4 filing date is later than the transaction date, which may warrant attention for timeliness but does not change the nature of the grant.