Heritage Global Inc.

Rule 10b5-1 Trading Plans of Directors and Section 16 Officers

On August 14, 2024, David Ludwig, President of Financial Assets division, adopted a written arrangement intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) (the "Trading Plan"). The Trading Plan provided for the sale of 137,000 shares of our common stock andterminated on March 15, 2025.

During the fiscal quarter ended March 31, 2025, none of our other directors or officers (as defined in Exchange Act Rule 16a-1(f))adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).

Rule 10b5-1 Trading Plans of the Company

In connection with our Repurchase Program, on September 13, 2024, the Company's Board of Directors adopted a written arrangement that is intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) (the "Repurchase Trading Plan"). The Repurchase Trading Plan provides for the Company to repurchase of up to $6.0 million in shares of our common stock and will terminateon June 30, 2025, unless terminated earlier in accordance with the Repurchase Trading Plan's terms. During the three months ended March 31, 2025,490,651 shares of common stock were repurchased under the Repurchase Trading Plan. Future repurchases may be made as open market transactions, privately negotiated transactions or through a series of forward purchase agreements, option contracts or similar agreements, including the Repurchase Trading Plan as described above. The Company has no obligation to repurchase stock under this program and may suspend or terminate the Repurchase Program at any time.