Form 4: Urgent.ly Director Ben Volkow Sells Shares in Recent Transactions
SEC Form 4
Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on May 22 and May 23, 2024, according to a Form 4 filing with the SEC.
Summary
- Ben Volkow, a director at Urgent.ly Inc., sold shares of common stock on May 22 and May 23, 2024.
- On May 22, 2024, 400 shares were sold at a weighted average price of $2.0643, with prices ranging from $2.05 to $2.08.
- On May 23, 2024, 1,000 shares were sold at a weighted average price of $2.0047, with prices ranging from $1.96 to $2.06.
- Following these transactions, Volkow directly owns 526,666 shares of Urgent.ly Inc. common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock sales by a director, which could be for various personal financial reasons and doesn't necessarily reflect a negative view of the company.
Industry Context
This filing reflects insider trading activity, which is a common occurrence and is regulated to ensure fair market practices. Investors often monitor such filings to gauge management's sentiment and confidence in the company.
Stakeholder Impact
- Shareholders may interpret the stock sales as a lack of confidence from the director, although the sales were conducted under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-05-22 | Date of first stock sale |
| 2024-05-23 | Date of second stock sale |
| 2024-05-24 | Date of Form 4 filing |
Keywords
Urgent.ly Inc., Ben Volkow, stock sale, Form 4, director, Rule 10b5-1, trading plan, share transaction
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