Form 4: Urgent.ly CFO Huffmyer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Timothy C. Huffmyer, CFO of Urgent.ly Inc., disposed of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 20, 2025, Timothy C. Huffmyer, the Chief Financial Officer of Urgent.ly Inc., disposed of 19,873 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- The shares were sold at a price of $0.47 per share.
- Following the transaction, Huffmyer directly owns 388,101 shares of Urgent.ly Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations), so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of transaction: Huffmyer disposed of shares to cover tax liabilities. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Urgent.ly Inc., ULY, Timothy C. Huffmyer, CFO, share disposal, restricted stock units, tax liability, beneficial ownership
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