Form 4: Urgent.ly Director Ben Volkow Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on April 24 and 25, 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 on April 24 and April 25, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- On April 24, 1,700 shares were sold at a weighted average price of $1.6403, with prices ranging from $1.62 to $1.71.
- On April 25, 1,900 shares were sold at a weighted average price of $1.6427, with prices ranging from $1.61 to $1.70.
- Following these transactions, Volkow directly owns 541,444 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are routine sales under a pre-arranged trading plan and do not necessarily indicate a change in the director's outlook on the company.
Industry Context
Sales by company insiders are a common occurrence and are often viewed in the context of the individual's financial planning rather than a direct reflection on the company's prospects, especially when conducted under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-04-24 | Date of first reported stock sale. |
| 2024-04-25 | Date of second reported stock sale. |
| 2024-04-26 | Date of Form 4 filing. |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, Stock Sale, Rule 10b5-1, Director, ULY
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