SCHEDULE 13G: Jonathan Spetner Discloses 5.18% Passive Stake in Reliance Global Group, Inc.
Beneficial Ownership Report
Jonathan Spetner has filed a Schedule 13G, disclosing a passive beneficial ownership of 5.18% of Reliance Global Group, Inc.'s common stock.
Summary
- Jonathan Spetner, a U.S. citizen, has filed a Schedule 13G with the SEC regarding his beneficial ownership in Reliance Global Group, Inc.
- The filing indicates that Mr. Spetner beneficially owns 148,532 shares of Reliance Global Group, Inc.'s Common Stock.
- This ownership represents approximately 5.18% of the company's outstanding Common Stock.
- The percentage is calculated based on 2,869,869 shares of Common Stock issued and outstanding as of March 6, 2025, as reported in the company's Form 10-K/A filed on April 8, 2025.
- Mr. Spetner holds sole voting power and sole dispositive power over all 148,532 shares.
- The filing is made under Rule 13d-1(c), signifying a passive investment without the purpose or effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership. It is neutral in tone and does not contain positive or negative performance indicators, but the disclosure of a significant stake can be seen as a positive signal of investor interest.
Positives
- Disclosure of a significant passive stake by an individual investor, Jonathan Spetner, holding 5.18% of the common stock, which can signal investor confidence.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership and does not provide specific industry context beyond identifying Reliance Global Group, Inc. as the issuer. It indicates an individual investor has accumulated a significant, passive stake in the company.
Stakeholder Impact
- Shareholders: The disclosure of a new significant shareholder may be viewed positively, indicating investor confidence in the company. The passive nature of the stake suggests no immediate intent to influence management or strategy.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of event which required the filing of this statement. |
| 03/06/2025 | Date as of which 2,869,869 shares of Common Stock were reported as issued and outstanding by the Company. |
| 04/08/2025 | Date the Company's Form 10-K/A was filed with the SEC, reporting outstanding shares. |
| 05/16/2025 | Date the Schedule 13G was signed by Jonathan Spetner. |
Keywords
Reliance Global Group, Jonathan Spetner, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Passive Investment, Shareholder, Ownership Disclosure
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