Form 4: Reliance Global Group Director Scott Korman Acquires Shares
SEC Form 4 Filing
Director Scott Korman reports acquisition of 10,990 shares of Reliance Global Group, Inc. common stock.
Summary
- Scott Korman, a director of Reliance Global Group, Inc., acquired 10,990 shares of common stock on February 5, 2025.
- The shares were granted at a price of $0 per share.
- Following the transaction, Korman directly owns 63,859 shares of Reliance Global Group, Inc.
- The grant fully vests on February 13, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but it's a routine transaction.
Positives
- The acquisition of shares by a director could be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively by investors.
Stakeholder Impact
- The acquisition of shares by a director may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Acquisition of 10,990 shares of common stock. |
| 02/07/2025 | Date of signature on the Form 4. |
| 02/13/2025 | Date the grant fully vests. |
Keywords
Form 4, beneficial ownership, Reliance Global Group, Scott Korman, stock acquisition, director
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