Form 4: Reliance Global Group Exec VP Yaakov Beyman Reports Stock Transactions
SEC Form 4
Yaakov Beyman, Exec VP of Reliance Global Group, reports acquisition and disposal of common stock related to stock grants and tax liability payments.
Summary
- On January 21, 2025, Yaakov Beyman acquired 82,534 shares of common stock.
- On February 4, 2025, he disposed of 7,373 shares to cover tax liabilities at a price of $1.9566 per share.
- On February 5, 2025, he acquired 16,250 shares of common stock.
- On February 7, 2025, he disposed of 7,603 shares to cover tax liabilities at a price of $1.8815 per share.
- Following these transactions, Beyman directly owns 90,475 shares of Reliance Global Group, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation. The stock grants are a positive sign, but the sales to cover tax liabilities are not necessarily indicative of a negative outlook.
Positives
- The stock grants indicate confidence in the company's future performance, as they are approved by the compensation committee and vest over time.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Acquisition of 82,534 shares of common stock. |
| 01/27/2025 | Vesting of 16,510 shares from the January 21, 2025 grant. |
| 02/03/2025 | Vesting of 16,506 shares from the January 21, 2025 grant. |
| 02/04/2025 | Disposal of 7,373 shares of common stock for tax liability. |
| 02/05/2025 | Acquisition of 16,250 shares of common stock. |
| 02/07/2025 | Disposal of 7,603 shares of common stock for tax liability. |
| 02/11/2025 | Date of the report. |
| 07/15/2025 | Vesting of 16,506 shares from the January 21, 2025 grant. |
| 07/30/2025 | Vesting of 16,506 shares from the January 21, 2025 grant. |
| 08/15/2025 | Vesting of 16,506 shares from the January 21, 2025 grant. |
| 08/30/2025 | Vesting of 5,418 shares from the February 5, 2025 grant. |
| 09/15/2025 | Vesting of 5,416 shares from the February 5, 2025 grant. |
| 09/30/2025 | Vesting of 5,416 shares from the February 5, 2025 grant. |
Keywords
Form 4, Reliance Global Group, Yaakov Beyman, stock grant, beneficial ownership, RELI, insider trading
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