Form 4: Urgent.ly Director Ben Volkow Sells Shares in Recent Transactions

Director Ben Volkow of Urgent.ly Inc. sold a portion of his holdings in common stock over two days in July, according to a recent SEC filing.

Summary

• Ben Volkow, a director at Urgent.ly Inc., sold shares of common stock on July 24 and July 25, 2024.
• On July 24, 500 shares were sold at a weighted average price of $1.468, with individual prices ranging from $1.45 to $1.49.
• On July 25, 1,600 shares were sold at a weighted average price of $1.4477, with individual prices ranging from $1.43 to $1.49.
• Following these transactions, Volkow still beneficially owns 543,030 shares of Urgent.ly Inc. common stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 20, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The sales were pre-planned under a 10b5-1 trading plan, reducing the likelihood of a negative interpretation.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, sales under a pre-arranged 10b5-1 plan are typically less indicative of an insider's view of the company's future.

Key Dates

Keywords

Urgent.ly Inc., Ben Volkow, stock sale, Form 4, insider trading, Rule 10b5-1, director, ULY