CEO Ross Dove Sells $399K of Stock to Director-Controlled Entity
HGBL sits 29% above its 52-week low of $1.01 on light trading volume (0.3× avg).
Summary
CEO Ross Dove sold $399,000 of Heritage Global stock to a director-controlled entity at market price, reducing his stake amid recent financial losses.
Key Events · Ownership and Investor Activity · HGBL
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CEO Sells $399K to Director Entity
Ross Dove sold 300,000 shares at $1.33 per share to Inductive Capital LP, controlled by director William L. Burnham, in a privately negotiated transaction.
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Sale Price Matches Market
The $1.33 per-share price equaled the Nasdaq closing price on 9/24/2026, indicating no discount was applied.
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Post-Sale Holdings
Dove retains 2,021,917 shares directly following the transaction.
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Context: Recent Financial Stress
The sale follows a $15.9 million Q2 loss and a new $10 million credit facility secured on 9/22/2026.
Analysis · HGBL · Trade & Services
CEO Ross Dove sold 300,000 shares at $1.33 per share in a privately negotiated transaction to Inductive Capital LP, an entity controlled by director William L. Burnham. The sale price equaled the Nasdaq closing price on 9/24/2026, so no discount was given. This is a significant insider sale by the CEO, representing roughly 0.9% of the company's market cap, and it comes just weeks after the company reported a $15.9 million Q2 loss and secured a new $10 million credit facility. The transaction reduces Dove's direct holdings to 2,021,917 shares.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HGBL was trading at $1.31 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $45.2M. The 52-week trading range was $1.01 to $1.72. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.