Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares
SEC Form 4 Filing
Director Ben Volkow sold a portion of his Urgent.ly Inc. shares on July 18 and 19, 2024, under a pre-arranged trading plan.
Summary
- On July 18, 2024, Ben Volkow, a director of Urgent.ly Inc., sold 3,300 shares of common stock at a weighted average price of $1.4718.
- Following this transaction, Volkow directly owns 552,730 shares.
- On July 19, 2024, Volkow sold an additional 3,100 shares at a weighted average price of $1.5086.
- After the second sale, Volkow directly owns 549,630 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 Form 4 filing, indicating insider trading activity. It's neutral in sentiment as it simply reports transactions.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. The information is used by investors to understand the actions of company insiders.
Stakeholder Impact
- Shareholders may react to the insider selling activity, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 11/20/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 07/18/2024 | Date of first reported transaction: sale of 3,300 shares |
| 07/19/2024 | Date of second reported transaction: sale of 3,100 shares |
| 07/22/2024 | Date of signature on the Form 4 filing |
Keywords
Urgent.ly Inc., Ben Volkow, share sale, Form 4, Rule 10b5-1, director, stock, ULY
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