Form 4: RELI Exec Sells Shares for Tax Obligations

Reliance Global Group's Executive VP, Yaakov Beyman, disposed of common stock shares to cover tax liabilities related to a prior stock grant.

Summary

• Yaakov Beyman, Executive VP of the Insurance Division at Reliance Global Group, Inc. (RELI), reported two transactions involving the disposal of common stock.
• On August 1, 2025, Mr. Beyman disposed of 7,291.65 shares of common stock at a price of $1.0525 per share.
• Following the first transaction, Mr. Beyman beneficially owned 243,672.35 shares.
• On August 20, 2025, an additional 6,878 shares of common stock were disposed of at a price of $0.9472 per share.
• After the second transaction, Mr. Beyman's beneficial ownership stood at 236,794.35 shares.
• Both disposals were coded 'F', indicating they represent the payment of tax liability by delivering securities incident to the receipt of a previously reported stock grant.
• These transactions were issued in accordance with Rule 16b-3 and are exempt from Section 16(b) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions for tax purposes related to a stock grant, which is a common occurrence and does not reflect a change in company fundamentals or management's outlook.

Positives

• The transactions are related to a previously reported stock grant, indicating that the executive received equity compensation.

Negatives

• The disposal of shares, even for tax purposes, reduces the executive's direct ownership in the company.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• Transactions represent the payment of tax liability by delivering securities incident to the receipt of a previously reported stock grant, which was issued in accordance with Rule 16b-3.
• This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the 'Exchange Act').

Industry Context

This filing is a routine insider transaction report specific to Reliance Global Group, Inc. and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transactions are routine and unlikely to have a significant impact on shareholder sentiment or the company's valuation.
• Employees: No direct impact on employees is indicated.

Key Dates

Recommendation

The Form 4 details routine insider share disposals to cover tax obligations from a prior stock grant. This is a common practice and does not provide new information that would alter the fundamental investment thesis for Reliance Global Group, Inc. Therefore, a 'hold' recommendation is appropriate as this filing does not present a catalyst for a change in stock performance.

Keywords

Reliance Global Group, RELI, Form 4, Insider Transaction, Stock Grant, Tax Liability, Yaakov Beyman, Common Stock