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

Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on July 12 and July 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director of Urgent.ly Inc., sold shares of common stock on July 12 and July 15, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On July 12, 2024, 4,800 shares were sold at a weighted average price of $1.4305, with prices ranging from $1.38 to $1.59.
• On July 15, 2024, 178 shares were sold at a weighted average price of $1.4798, with prices ranging from $1.44 to $1.55.
• Following these transactions, Ben Volkow directly owns 556,030 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were pre-planned and represent a small portion of the director's holdings. It's a routine disclosure.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, buy or sell their company's stock; these filings provide transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in the US.
• The transactions are relatively small in volume, suggesting routine portfolio adjustments rather than a significant shift in sentiment.
• Similar insider sales are common across publicly traded companies and are often conducted under pre-arranged trading plans to avoid accusations of trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates

Keywords

Form 4, Urgent.ly Inc., Ben Volkow, share sale, 10b5-1 trading plan, director, ULY