Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 144

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 144
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      The outstanding options vest over four years at exercise prices ranging from $0.40 to $2.77 per share.   Other Options IssuedIn 2021, the Company’s Board approved the issuance of options to purchase 150,000 shares at an exercise price of $1.78 to certain accredited personnel. In 2020, the Company’s Board approved the issuance of options to purchase 90,000 shares at an exercise price of $1.41 to certain accredited personnel. Shares issued upon exercise of these options are not registered for public sale. No awards under this plan were granted during 2024 or 2023. 

        Other Options
         
        2024

        2023

        Options outstanding, beginning of year

        383,125

        383,125

        Options exercised

        (90,000
        )

        —

        Options outstanding, end of year

        293,125

        383,125

      The outstanding options vest over four years at exercise prices ranging from $0.70 to $1.78 per share.  Heritage Global Inc. 2016 Stock Option PlanIn 2016, the Company adopted the Heritage Global Inc. 2016 Stock Option Plan (the “2016 Plan”) which provided for the issuance of incentive stock options and non-qualified stock options up to an aggregate of 3,150,000 shares of common stock (subject to adjustment in the event of stock dividends, stock splits, and other similar events). Options may be forfeited in certain circumstances. On June 8, 2022 the 2016 plan was replaced by the 2022 Heritage Global Inc. Equity Incentive Plan, and as such, no awards under this plan were granted during 2024 or 2023.  

        2016 Plan
         
        2024

        2023

        Options outstanding, beginning of year

        1,079,850

        1,255,975

        Options exercised

        (10,000
        )

        (91,750
        )

        Options forfeited

        (4,000
        )

        (84,375
        )

        Options outstanding, end of year

        1,065,850

        1,079,850

      The outstanding options under the 2016 Plan vest over four years at exercise prices ranging from $0.45 to $3.33 per share.202