4/A: Reliance Global Group Executive VP Yaakov Beyman Reports Sale of Shares

Yaakov Beyman, Executive VP of Reliance Global Group, reported selling 15,000 shares of common stock at $0.7819 per share on June 18, 2024, according to a Form 4/A filing.

Summary

• Yaakov Beyman, Executive VP of Insurance Division at Reliance Global Group, filed an amended Form 4 (Form 4/A) with the SEC.
• The report details a transaction on June 18, 2024, where Beyman sold 15,000 shares of Reliance Global Group's common stock.
• The sale price was $0.7819 per share.
• Following the transaction, Beyman directly owns 164,370 shares of the company's common stock.
• The filing also notes that a 1-for-17 reverse stock split was effectuated on July 1, 2024.
• After giving effect to the reverse stock split, Beyman beneficially owned 9,668 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale in the context of the company's performance and outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about the company's prospects.

Stakeholder Impact

• Shareholders may react to the reported stock sale by a company executive, potentially influencing the stock price.
• The reverse stock split impacts all shareholders by reducing the number of outstanding shares and increasing the per-share price.

Key Dates

Keywords

Form 4, Reliance Global Group, Yaakov Beyman, Executive VP, Stock Sale, Beneficial Ownership, Reverse Stock Split, Securities, Shares