Form 4: Urgent.ly CEO Matthew Booth Acquires 190,000 Shares Through Restricted Stock Units

Urgent.ly CEO Matthew Booth acquired 190,000 shares of common stock through restricted stock units (RSUs) that vest over four years.

Summary

• Urgent.ly's Chief Executive Officer, Matthew Booth, has acquired 190,000 shares of the company's common stock.
• The acquisition was made through the grant of Restricted Stock Units (RSUs).
• These RSUs will vest in four equal annual installments, starting on November 7, 2025.
• The transaction occurred on November 7, 2024, with the shares valued at $0.572 each.
• Following this transaction, Mr. Booth now beneficially owns a total of 469,013 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. The sentiment is neutral to slightly positive.

Positives

• The acquisition of shares by the CEO demonstrates confidence in the company's future.
• The vesting schedule of the RSUs aligns the CEO's interests with the long-term performance of the company.

Future Outlook

The RSUs will vest over the next four years, aligning the CEO's compensation with the company's long-term performance.

Industry Context

This type of equity compensation is common for executives in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• The use of RSUs for executive compensation is a standard practice in the technology and service industries.
• Many companies, such as Uber and Lyft, use similar equity-based compensation to incentivize their leadership teams.
• The vesting schedule of four years is also a common practice, ensuring long-term commitment from the executive.

Stakeholder Impact

• The share acquisition by the CEO may be viewed positively by shareholders, indicating confidence in the company's future.
• The vesting schedule of the RSUs aligns the CEO's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

Urgent.ly, Matthew Booth, Restricted Stock Units, RSUs, Share Acquisition, Beneficial Ownership, CEO, Equity Compensation