Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares

Director Ben Volkow sold shares of Urgent.ly Inc. (ULY) on July 22 and 23, 2024, according to a Form 4 filing with the SEC.

Summary

• Ben Volkow, a director of Urgent.ly Inc. (ULY), reported the sale of common stock in a Form 4 filing with the SEC.
• On July 22, 2024, Volkow sold 3,200 shares at a weighted average price of $1.4826, with prices ranging from $1.45 to $1.53.
• Following this transaction, Volkow beneficially owned 546,430 shares.
• On July 23, 2024, Volkow sold an additional 1,300 shares at a weighted average price of $1.4993, with prices ranging from $1.47 to $1.53.
• After this second transaction, Volkow's beneficial ownership decreased to 545,130 shares.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.

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, but rather provides factual information about insider trading activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by some shareholders, as it might suggest a lack of confidence in the company's future prospects, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Urgent.ly Inc., ULY, Ben Volkow, Stock Sale, Director, Beneficial Ownership, Rule 10b5-1