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

Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on September 9 and 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director of Urgent.ly Inc., sold shares of common stock on September 9 and 10, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On September 9, 2024, 3,300 shares were sold at a weighted average price of $0.8594, with prices ranging from $0.8151 to $0.9049.
• On September 10, 2024, 7,777 shares were sold at a weighted average price of $0.8651, with prices ranging from $0.8302 to $0.9116.
• Following these transactions, Volkow directly owns 501,874 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports stock sales under a pre-arranged plan. The market reaction will depend on overall investor sentiment towards Urgent.ly.

Positives

• The sales were executed under a pre-arranged 10b5-1 trading plan, which can mitigate concerns about insider trading.

Risks

• The sales by a director, even under a 10b5-1 plan, could be perceived negatively by the market.

Industry Context

Sales by insiders are common and closely watched, especially in volatile markets. The use of a 10b5-1 plan provides some transparency.

Stakeholder Impact

• Shareholders may react to the news of the director's stock sales.

Key Dates

Keywords

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