LUDWIG THOMAS VAN (President, NLEX) exercised options at HERITAGE GLOBAL INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 5/18/2026ACC: 0001193125-26-229230
Officer· President, NLEX
Since Mar 2026
+23.92K
Net shares
Net buyer
$51.5K
Total acquired
0
Open market trades
0B · 0S
3
Total transactions
55.79K acquired · 31.88K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+31.88K
Price / share
$0.70
Trade value
$22.31K
% of position
14.8%
5/14/2026
214.65K→246.53K
Common Stock
Direct
Shares
+23.92K
Price / share
$1.22
Trade value
$29.18K
% of position
12.0%
5/14/2026
198.69K→222.61K
Total
Net shares
+55.79K
Net value
$51.49K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 5/14/2026 | M · Option Exercise | +31.88K | $0.70 | $22.31K | 14.8% | 214.65K | 246.53K |
| Common Stock Direct | 5/14/2026 | F · Tax Withholding | +23.92K | $1.22 | $29.18K | 12.0% | 198.69K | 222.61K |
| Total | +55.79K | $51.49K | ||||||
Derivative Transactions1
Options to purchase common stock
Direct
Converts to
Common Stock
31.88K shares
Shares
−31.88K
Strike price
0.70
Held after
85K
Exercisable
—
5/14/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Options to purchase common stock Direct | Common Stock31.88K shares | 5/14/2026 | M · Option Exercise | −31.88K | 0.70 | — | 85K |