Form 4: Urgent.ly Director Ben Volkow Sells Shares Under 10b5-1 Trading Plan

Director Ben Volkow of Urgent.ly Inc. sold 8,478 shares of common stock at an average price of $0.815 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 20, 2024, Ben Volkow, a director of Urgent.ly Inc., sold 8,478 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• The shares were sold at a weighted average price of $0.815, with individual transactions ranging from $0.7606 to $0.8659.
• Following the transaction, Volkow directly owns 474,796 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-arranged trading plan. There's no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to note the sale was conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for corporate insiders to avoid accusations of trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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