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

Director Ben Volkow of Urgent.ly Inc. sold shares of common stock on May 31, 2024, and June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director of Urgent.ly Inc., reported the sale of common stock in two transactions.
• On May 31, 2024, 1,400 shares were sold at a weighted average price of $1.8596 per share, with prices ranging from $1.85 to $1.87.
• On June 3, 2024, 1,000 shares were sold at a weighted average price of $1.7959 per share, with prices ranging from $1.76 to $1.85.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• Following these transactions, Volkow beneficially owns 520,466 shares of Urgent.ly Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading arrangement. It doesn't necessarily reflect a negative view of the company's prospects, but it also doesn't indicate strong confidence.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, indicating that the transactions were planned well in advance and not based on any recent inside information.

Risks

• While the sales are under a 10b5-1 plan, continued selling pressure from insiders could negatively impact the stock price.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of the company's performance and future prospects. Sales under a 10b5-1 plan are generally less concerning as they are pre-planned.

Stakeholder Impact

• Shareholders may react to the insider selling, although the pre-planned nature of the sales may mitigate concerns.

Key Dates

Keywords

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