NEW YORK, Nov. 18, 2016 /PRNewswire/ -- ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ("ALJ") confirmed today that Jess Ravich, Executive Chairman and Chairman of the Board of ALJ adopted a pre-arranged stock trading plan, dated September 13, 2016 (the "10b5-1 Plan"), in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and ALJ's policies regarding stock transactions. The 10b5-1 Plan was adopted on behalf of the Exemption Trust under the Ravich Revocable Trust of 1989 (the "Trust"), a trust whose beneficiaries are Mr. Ravich's heirs. No shares are being sold under the 10b5-1 Plan to which Mr. Ravich is the beneficiary. The 10b5-1 Plan was adopted to enable the Trust to sell a portion of its ALJ common stock over time as part of the Trust's long-term strategy for asset diversification. As of September 13, 2016, ALJ common stock accounted for over 90% of the Trust's assets. Utilizing this type of trading plan, the Trust can gradually diversify its investment portfolio, spreading stock trades out over an extended period of time and reducing market impact. In addition, as a result of being established well in advance of a potential trade, the 10b5-1 Plan helps avoid concerns as to whether Mr. Ravich or the Trust had material, non-public information when a decision is made to sell stock. The transactions under the 10b5-1 Plan have been and will continue to be disclosed publicly through Form 4 filings with the Securities and Exchange Commission. Although the proceeds of the sales are not being received by Mr. Ravich, the sales are nevertheless attributed to Mr. Ravich pursuant to the provisions of the Exchange Act.