Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Ben Volkow of Urgent.ly Inc. sold a total of 2,500 shares of common stock over two days under a pre-arranged 10b5-1 trading plan.
Summary
- Ben Volkow, a director at Urgent.ly Inc., sold 1,100 shares of common stock on November 18, 2024, at a weighted average price of $0.5622 per share.
- The shares were sold in multiple transactions with prices ranging from $0.5556 to $0.5658.
- On November 19, 2024, Mr. Volkow sold an additional 1,400 shares at a weighted average price of $0.5532 per share.
- These shares were sold in multiple transactions with prices ranging from $0.548 to $0.579.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- Following these transactions, Mr. Volkow beneficially owns 445,218 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for insider trading activity. It doesn't indicate any positive or negative sentiment, just a routine transaction.
Risks
- Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.
Industry Context
This is a routine filing for insider transactions and is common for publicly traded companies. The use of a 10b5-1 plan indicates the sales were pre-planned and not based on any specific non-public information.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and the details provided are consistent with SEC requirements.
- The use of a 10b5-1 trading plan is a common method for insiders to sell shares without raising concerns about insider trading, and is used by directors and officers of many companies such as Apple, Microsoft and Tesla.
Stakeholder Impact
- The sales may have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/20/2023 | Date the Rule 10b5-1 trading plan was adopted by Ben Volkow. |
| 11/18/2024 | Date of the first sale of 1,100 shares of common stock. |
| 11/19/2024 | Date of the second sale of 1,400 shares of common stock. |
| 11/20/2024 | Date the Form 4 was signed. |
Keywords
Form 4, insider trading, stock sale, Rule 10b5-1, Ben Volkow, Urgent.ly Inc., ULY, director
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