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 5th and 6th, 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 5th and 6th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On June 5, 2024, 1,400 shares were sold at a weighted average price of $1.9015, with individual prices ranging from $1.75 to $1.95.
• On June 6, 2024, 600 shares were sold at a weighted average price of $1.904, with individual prices ranging from $1.77 to $1.965.
• Following these transactions, Volkow beneficially owns 518,466 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on immediate market information.

Stakeholder Impact

• The stock sales by a director could create uncertainty among shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading based on non-public information.

Key Dates

Keywords

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