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 June 7 and June 10, 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 June 7 and June 10, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On June 7, 2000 shares were sold at a weighted average price of $1.7655, with prices ranging from $1.685 to $1.90.
• On June 10, 500 shares were sold at a weighted average price of $1.8752, with prices ranging from $1.77 to $1.94.
• Following these transactions, Volkow directly owns 515,966 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock sales by a director under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

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

Stakeholder Impact

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

Key Dates

Keywords

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