Form 4: Reliance Global Group CFO Joel Markovits Reports Significant Stock Grant and Ownership Increase

Reliance Global Group's Chief Financial Officer, Joel Markovits, reported a substantial increase in his direct beneficial ownership of common stock following a significant equity incentive plan grant.

Summary

• Joel Markovits, Chief Financial Officer of Reliance Global Group, Inc. (RELI), reported changes in his beneficial ownership of common stock.
• On June 18, 2025, Markovits disposed of 40,534.117 shares of common stock at a price of $3 per share.
• On July 16, 2025, 13,783.29 shares were disposed of at $1.4198 per share to cover tax liabilities related to a previously reported stock grant.
• On July 18, 2025, Markovits was granted 213,704 shares of common stock at a price of $0, issued under the Reliance Global Group Inc. 2025 Equity Incentive Plan.
• Following these transactions, Markovits' direct beneficial ownership of common stock increased to 360,189.593 shares.

Sentiment

Score: 7

Explanation: The significant stock grant to the Chief Financial Officer indicates strong alignment with shareholder interests and potential management confidence in future performance, despite routine sales for tax purposes.

Positives

• The grant of 213,704 shares of common stock to the Chief Financial Officer significantly increases his beneficial ownership, aligning management incentives with shareholder interests.
• The stock grant was approved by the compensation committee, comprised solely of independent directors, indicating robust corporate governance over executive compensation.

Future Outlook

The 213,704 shares of common stock granted to Joel Markovits will vest in 8 equal bimonthly installments, beginning October 15, 2025, and concluding on January 31, 2026.

Industry Context

This filing is a routine disclosure of insider transactions and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: The significant increase in the CFO's beneficial ownership through a stock grant aligns his financial interests directly with the company's long-term performance, potentially benefiting shareholders.

Next Steps

• The granted shares will vest in 8 equal bimonthly installments, with the first installment on October 15, 2025, and the final installment on January 31, 2026.

Key Dates

Recommendation

The substantial grant of 213,704 shares to the Chief Financial Officer, Joel Markovits, significantly increases his direct beneficial ownership and aligns his incentives with long-term shareholder value. This demonstrates strong management confidence in the company's future prospects, making it a positive signal for investors.

Keywords

Reliance Global Group, RELI, Form 4, Insider Trading, Stock Grant, Equity Incentive Plan, Joel Markovits, CFO, Beneficial Ownership