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 3 and July 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director at Urgent.ly Inc., reported the sale of common stock on July 3 and July 5, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On July 3, 200 shares were sold at a weighted average price of $1.725, with prices ranging from $1.72 to $1.73.
• On July 5, 2,500 shares were sold at a weighted average price of $1.626, with prices ranging from $1.56 to $1.72.
• Following these transactions, Volkow directly owns 567,708 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it's simply a record of transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on immediate market information.

Stakeholder Impact

• The stock sales by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates

Keywords

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