Heritage Global (HGBL) Director William Burnham Buys 300,000 Shares

What Happened William L. Burnham, a director of Heritage Global Inc. (HGBL), reports that Inductive Capital LP purchased 300,000 shares of Heritage Global on 2026-09-25 at $1.33 per share, for a total reported value of $399,000. The shares were bought in a privately negotiated transaction from CEO and director Ross Dove under a Common Stock Purchase Agreement dated 9/25/2026; the trade was not executed on an exchange or through a broker. The reported shares are expected to be transferred into Inductive Capital LP’s name via the issuer’s transfer agent. (Transaction code: P — Purchase.)

Key Details

• Transaction date and price: 2026-09-25 at $1.33 per share; total $399,000.
• Buyer/seller: Inductive Capital LP purchased the shares from Ross Dove (CEO & director).
• Transaction type: Private, negotiated sale (not on-exchange / not through a broker).
• Price note: $1.33 equaled the Nasdaq closing price on 9/24/2026 (footnote).
• Ownership after transaction: Not specified in the filing.
• Ownership structure/disclaimer: Inductive Capital LP holds the shares directly; Inductive Holdings, LLC is the general partner and Burnham is the managing member — he may be deemed to beneficially own the shares but disclaims such ownership except to his pecuniary interest.
• Filing timeliness: Report filed 2026-09-29 (within required reporting window for the 9/25/2026 trade).

Context This was an affiliate purchase by an entity controlled by the reporting person (Inductive Capital LP) rather than a direct personal purchase. The seller was the company’s CEO, and the transfer into the buyer’s name is expected to be completed via the transfer agent. The filing is factual and does not state any motive; purchases by insiders or their affiliates are often watched by investors as one data point on sentiment.