Form 4: Urgent.ly Director Ben Volkow Sells Shares Under 10b5-1 Trading Plan
SEC Filing
Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on June 11 and 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Ben Volkow, a director at Urgent.ly Inc., sold shares of common stock on June 11 and June 12, 2024.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- On June 11, 2024, 3,800 shares were sold at a weighted average price of $1.835, with individual prices ranging from $1.70 to $1.835.
- On June 12, 2024, 900 shares were sold at a weighted average price of $1.8003, with individual prices ranging from $1.68 to $1.86.
- Following these transactions, Ben Volkow directly owns 511,266 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan suggests that these sales were pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| November 20, 2023 | Date the Rule 10b5-1 trading plan was adopted. |
| June 11, 2024 | Date of the first reported stock sale. |
| June 12, 2024 | Date of the second reported stock sale. |
| June 13, 2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, Stock Sale, Rule 10b5-1, Director, ULY
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