Form 4: Reliance Global Group CFO Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Joel Markovits, CFO of Reliance Global Group, disposed of 8 common stock shares on July 19, 2024, to cover tax liabilities related to a previous stock grant.
Summary
- On July 19, 2024, Joel Markovits, the Chief Financial Officer of Reliance Global Group, Inc. [RELI], disposed of 8 shares of common stock.
- The transaction was executed to cover tax liabilities associated with a previously reported stock grant.
- The shares were disposed of at a price of $3.96 per share.
- Following the transaction, Markovits directly owns 10,836 shares of Reliance Global Group, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of the transaction where 8 shares of common stock were disposed of. |
| 07/23/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Reliance Global Group, Joel Markovits, CFO, Stock Disposal, Tax Liabilities, Beneficial Ownership, RELI
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