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 8th and 9th, 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 July 8th and 9th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On July 8th, 2,200 shares were sold at a weighted average price of $1.55, with prices ranging from $1.53 to $1.59.
• On July 9th, 1,400 shares were sold at a weighted average price of $1.4655, with prices ranging from $1.44 to $1.535.
• Following these transactions, Mr. Volkow beneficially owns 564,108 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the stock sales were pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a negative outlook on the company, but it's not a positive signal either.

Positives

• The sales were executed under a pre-arranged 10b5-1 trading plan, indicating they were planned well in advance.

Risks

• Director selling shares may be perceived negatively by some investors, although the pre-planned nature mitigates this concern.

Industry Context

Sales by insiders are common and closely watched, especially in the context of a 10b5-1 plan, which is designed to avoid accusations of trading on inside information.

Stakeholder Impact

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

Key Dates

Keywords

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