Form 4: Urgent.ly Director's Equity Shifts Post Reverse Split

Urgent.ly Inc. Director Ryan Pollock reports changes in beneficial ownership, including RSU grants and share distributions, following a 1-to-12 reverse stock split.

Summary

• Ryan Pollock, a Director of Urgent.ly Inc. (ULY), filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• A 1-to-12 reverse stock split of Urgent.ly's common stock became effective on March 17, 2025, and all reported share amounts in the filing have been adjusted to reflect this corporate action.
• On August 29, 2025, Pollock acquired 656 shares of common stock through a pro rata distribution from Iron Gate Management LLC for no consideration.
• On the same date, 76,735 shares of common stock held indirectly by Iron Gate Urgently, LLC were disposed of through a pro rata distribution to its members for no consideration. Pollock shares investment and voting control over these shares as a member of the managing committee of Iron Gate Management.
• On January 28, 2026, Pollock was granted 833 restricted stock units (RSUs), which are scheduled to vest on the earlier of January 28, 2027, or the date of the Issuer's next annual meeting of stockholders.
• Following these reported transactions, Pollock's direct beneficial ownership increased to 9,111 shares, while his indirect beneficial ownership through Iron Gate Urgently, LLC became 0 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, reflecting a mix of a director receiving new equity awards (RSUs) which aligns interests, alongside a significant indirect disposition of shares through a distribution, which is a technical event but alters the director's overall exposure. The reverse stock split is a corporate action that doesn't inherently signal positive or negative sentiment.

Positives

• Grant of 833 restricted stock units (RSUs) to Director Ryan Pollock, which aligns his interests with long-term shareholder value through future vesting.
• Increase in direct beneficial ownership of common stock by 833 shares following the RSU grant.

Negatives

• Disposition of 76,735 shares of common stock held indirectly by Iron Gate Urgently, LLC, reducing the reporting person's indirect beneficial ownership to zero. While a distribution for no consideration, it represents a significant reduction in the entity's holdings associated with the director.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into director and officer equity movements, which can sometimes signal management's confidence or concerns about the company's future, though this specific filing details a distribution rather than a market sale.

Related Party Transactions

• Acquisition of 656 common shares and disposition of 76,735 common shares resulted from pro rata distributions by Iron Gate Management LLC and Iron Gate Urgently, LLC, respectively, to their members for no consideration. Ryan Pollock is a member of the managing committee of Iron Gate Management, the manager of Iron Gate Urgently, LLC.

Stakeholder Impact

• Shareholders are impacted by the 1-to-12 reverse stock split, which reduces the number of outstanding shares and proportionally increases the share price, potentially affecting liquidity and market perception.
• Shareholders are also impacted by the changes in a director's beneficial ownership, which can influence market sentiment regarding management's alignment and confidence.

Next Steps

• Vesting of 833 restricted stock units (RSUs) on the earlier of January 28, 2027, or the date of the Issuer's next annual meeting of stockholders.

Key Dates

Keywords

Urgent.ly Inc., ULY, Ryan Pollock, Form 4, insider trading, beneficial ownership, common stock, restricted stock units, RSU, reverse stock split, corporate governance, director, equity