Form 4: Urgent.ly Inc. Director Ben Volkow Reports Sale of Common Stock

Director Ben Volkow of Urgent.ly Inc. reports selling common stock in multiple transactions on April 30, 2024, and May 1, 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 April 30, 2024, and May 1, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On April 30, 2024, 700 shares were sold at a weighted average price of $1.6635, with individual prices ranging from $1.64 to $1.67.
• On May 1, 2024, 600 shares were sold at a weighted average price of $1.6635, with individual prices ranging from $1.60 to $1.685.
• Following these transactions, Volkow directly owns 535,544 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, without providing any explicit positive or negative signals about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and doesn't necessarily indicate a broader trend within the roadside assistance or technology industries.

Stakeholder Impact

• The stock sales by a director could potentially create short-term selling pressure on the stock, impacting shareholders.
• 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, Director, Rule 10b5-1, ULY