Form 4: Urgent.ly CFO Acquires 150,000 Shares of Common Stock Through RSU Grant

Urgent.ly's Chief Financial Officer, Timothy C. Huffmyer, acquired 150,000 shares of common stock through a restricted stock unit (RSU) grant.

Summary

• Timothy C. Huffmyer, the Chief Financial Officer of Urgent.ly Inc., acquired 150,000 shares of common stock on November 7, 2024.
• The acquisition was through a grant of Restricted Stock Units (RSUs).
• The RSUs will vest in four equal annual installments starting on November 7, 2025.
• The price of the stock at the time of the transaction was $0.572 per share.
• Following the transaction, Mr. Huffmyer directly owns 407,974 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, with the CFO increasing their stake in the company, which is generally a positive sign. However, it's not a major event that would drastically alter sentiment.

Positives

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

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US.
• The RSU grant is a common form of executive compensation, aligning management's interests with shareholders.
• The vesting schedule is typical for RSU grants, encouraging long-term commitment from the executive.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholder sentiment due to the CFO increasing their stake in the company.

Key Dates

Keywords

Form 4, Insider Trading, Restricted Stock Units, RSU, Common Stock, Beneficial Ownership, Urgent.ly Inc., ULY, Timothy C. Huffmyer, CFO