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 24,578 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 9,500 shares of common stock on November 20, 2024, at a weighted average price of $0.4762 per share.
- The shares were sold in multiple transactions with prices ranging from $0.46 to $0.5267.
- On November 21, 2024, Mr. Volkow sold an additional 15,078 shares at a weighted average price of $0.4467 per share.
- These shares were sold in multiple transactions with prices ranging from $0.4156 to $0.464.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- Following these transactions, Mr. Volkow beneficially owns 420,640 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 4
Explanation: The document reports a director selling shares, which is generally viewed with caution by investors. However, the sales were under a pre-arranged plan, which mitigates some of the negative sentiment.
Negatives
- The director's sale of shares could be interpreted negatively by the market.
Risks
- The sale of shares by a director may indicate a lack of confidence in the company's future performance.
- The market may react negatively to the director's sale of shares, potentially impacting the stock price.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- Form 4 filings are a standard part of corporate governance and are common across all publicly traded companies.
- The use of a 10b5-1 trading plan is a common practice among corporate insiders to manage their stock sales in a compliant manner, similar to practices at companies like Tesla, Apple, and Microsoft.
Stakeholder Impact
- Shareholders may react to the news of a director selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 11/20/2023 | Date the Rule 10b5-1 trading plan was adopted by the reporting person. |
| 11/20/2024 | Date of the first reported sale of 9,500 shares. |
| 11/21/2024 | Date of the second reported sale of 15,078 shares. |
| 11/22/2024 | Date the Form 4 was signed. |
Keywords
Form 4, insider trading, stock sale, Rule 10b5-1, Urgent.ly Inc., Ben Volkow, director
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