Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares
SEC Form 4 Filing
Director Ben Volkow of Urgent.ly Inc. sold a total of 3,500 shares of common stock in two separate transactions on June 13 and June 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Ben Volkow, a director of Urgent.ly Inc., sold 2,700 shares of common stock on June 13, 2024, at a weighted average price of $1.7772 per share.
- The shares were sold in multiple transactions with prices ranging from $1.62 to $1.91.
- Following this transaction, Volkow directly owns 508,566 shares of Urgent.ly Inc.
- On June 14, 2024, Volkow sold an additional 800 shares at a weighted average price of $1.8059 per share, with prices ranging from $1.78 to $1.86.
- After the second transaction, Volkow directly owns 507,766 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. The sentiment is neutral as it simply reports transactions without expressing any opinion or outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may interpret the stock sale as a lack of confidence by the director, although the sales were conducted under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 2024-06-13 | Date of the first reported transaction: sale of 2,700 shares |
| 2024-06-14 | Date of the second reported transaction: sale of 800 shares |
| 2024-06-17 | Date of signature on the Form 4 filing |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, stock sale, director, Rule 10b5-1 trading plan, insider trading
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