SCHEDULE: Westerly Capital Sells All Harte Hanks Stake

Westerly Capital Management, LLC, Westerly Holdings LLC, and Christopher J. Galvin have reported a complete divestment of their shares in Harte Hanks Inc.

Summary

• Westerly Capital Management, LLC, along with Westerly Holdings LLC and Christopher J. Galvin, have filed a Schedule 13G amendment.
• This filing indicates that these entities collectively beneficially owned 0 shares of Harte Hanks Inc. common stock as of August 19, 2026.
• This represents 0% of the class of securities.
• The reporting persons certified that the securities were not acquired or held for the purpose of influencing the control of the issuer.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as negative due to the complete divestment of shares, indicating a lack of confidence or a strategic shift away from the company.

Negatives

• Westerly Capital Management, LLC, Westerly Holdings LLC, and Christopher J. Galvin have zero shares beneficially owned, indicating a complete sell-off of their stake in Harte Hanks Inc.
• The aggregate amount beneficially owned by each reporting person is 0.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that a complete divestment by a significant holder, as indicated by this Schedule 13G filing, often signals a lack of confidence in the company's future prospects or a strategic reallocation of capital by the investor.

Stakeholder Impact

• Shareholders may view this divestment as a negative signal, potentially impacting share price due to reduced institutional support.
• The market may interpret this as a sign of reduced confidence in Harte Hanks Inc.'s future performance.

Key Dates

Recommendation

The complete divestment of shares by Westerly Capital Management, LLC, Westerly Holdings LLC, and Christopher J. Galvin suggests a strong negative outlook on Harte Hanks Inc.'s future prospects. This lack of confidence from a formerly invested entity is a significant red flag for investors.

Keywords

Schedule 13G, Ownership Change, Divestment, Securities, Harte Hanks Inc.