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 July 26 and July 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director at Urgent.ly Inc., sold 4,000 shares of common stock on July 26, 2024, at a weighted average price of $1.5692.
• These shares were sold in multiple transactions with prices ranging from $1.47 to $1.625.
• On July 29, 2024, Volkow sold an additional 5,000 shares at a weighted average price of $1.5071, with individual transaction prices ranging from $1.465 to $1.59.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• Following these transactions, Volkow directly owns 534,030 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged trading plan, with no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity and doesn't necessarily indicate a broader trend within the roadside assistance and services industry.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates

Keywords

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