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 10 and 11, 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 10 and July 11, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On July 10, 2024, 1,400 shares were sold at a weighted average price of $1.4881, with prices ranging from $1.48 to $1.52.
• On July 11, 2024, 1,700 shares were sold at a weighted average price of $1.4489, with prices ranging from $1.38 to $1.53.
• Following these transactions, Ben Volkow beneficially owns 561,008 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Urgent.ly Inc., Ben Volkow, stock sale, Rule 10b5-1, director, ULY, securities