Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares Under 10b5-1 Plan

Director Ben Volkow sold 2,256 shares of Urgent.ly Inc. common stock at an average price of $3.3367, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 18, 2025, Ben Volkow, a director of Urgent.ly Inc., sold 2,256 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• The shares were sold at a weighted average price of $3.3367, with individual transactions ranging from $3.14 to $3.54.
• Following the transaction, Volkow directly owns 26,025 shares of Urgent.ly Inc.
• A 1-for-12 reverse stock split was effected by the Issuer on March 17, 2025, and the reported amounts have been adjusted to reflect this split.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is part of a pre-planned trading arrangement and doesn't necessarily reflect a change in the director's view of the company's prospects. The reverse stock split is a corporate action that can have mixed implications.

Industry Context

Sales by company insiders are routinely monitored by investors as they can provide signals about the insider's perspective on the valuation and prospects of the company. Rule 10b5-1 plans are designed to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• Shareholders may interpret the sale as a lack of confidence, although it is part of a pre-arranged plan.
• The reverse stock split could impact shareholder value and trading behavior.

Key Dates

Keywords

Form 4, Urgent.ly Inc., Ben Volkow, Stock Sale, Rule 10b5-1, Director, Reverse Stock Split