Topline Capital Management, LLC - 14 Apr 2023 Form 4 Insider Report for Heritage Global Inc. (HGBL)

Reporting relationship: Other*
Issuer ticker: HGBL
Reported as of: 14 Apr 2023
Net transaction value: -$525,195
SEC form: 4
Accepted by SEC: 18 Apr 2023, 18:53:25 UTC
Prior SEC filing: 13 Apr 2023
Next SEC filing: 25 Jan 2024
Source filing: View source filing
Reporting owner signature: Topline Capital Management, LLC, By: Collin McBirney, its Managing Member

Key filing fact

Topline Capital Management, LLC filed Form 4 for Heritage Global Inc. (HGBL) on 18 Apr 2023.

Key facts

This page summarizes Topline Capital Management, LLC's Form 4 filing for Heritage Global Inc. (HGBL).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 18 Apr 2023, 18:53.

Change

Previous filing in this sequence was filed on 13 Apr 2023.
Current net transaction value: -$525,195.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HGBL transaction

Common Stock

Sale

Transaction value: $222,486
Shares: -74,162
Change %: -2%
Price: $3.00
Shares after: 3,718,415
Date: 14 Apr 2023
Ownership: By Topline Capital Partners, LP
Footnotes: F1, F2, F3

HGBL transaction

Common Stock

Sale

Transaction value: $169,035
Shares: -55,972
Change %: -1.5%
Price: $3.02
Shares after: 3,662,443
Date: 17 Apr 2023
Ownership: By Topline Capital Partners, LP
Footnotes: F1, F2, F3

HGBL transaction

Common Stock

Sale

Transaction value: $133,674
Shares: -44,558
Change %: -1.2%
Price: $3.00
Shares after: 3,617,885
Date: 18 Apr 2023
Ownership: By Topline Capital Partners, LP
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The reporting persons are (i) Topline Capital Management, LLC, an exempt reporting adviser ("TCM"), and (ii) Collin McBirney, TCM's managing member.

Footnote F2

Each reporting person may be deemed to beneficially own more than 10% of the issuer's outstanding shares of Common Stock. Each reporting person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any reporting person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

Footnote F3

The shares of Common Stock reported in Table I of this Form 4 are beneficially owned by Topline Capital Partners, LP, a Delaware limited partnership (the "Fund"). As a greater than 10% beneficial owner, the Fund is separately reporting its holdings in the issuer's securities on a Form 4 filed concurrently herewith. Each of TCM, as the investment manager and general partner of the Fund, and Mr. Mc Birney, as managing member of TCM, may be deemed to be the beneficial owner of the shares of common stock beneficially owned by the Fund.