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. executed sales of common stock on May 29 and May 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Ben Volkow, a director of Urgent.ly Inc., sold 100 shares of common stock on May 29, 2024, at a price of $1.91 per share.
- On May 30, 2024, Volkow sold an additional 1,000 shares at a weighted average price of $1.9385 per share, with individual sales ranging from $1.85 to $1.97.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- Following these sales, Volkow directly owns 522,866 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged trading plan, without providing any explicit positive or negative signals about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-05-29 | Date of first stock sale |
| 2024-05-30 | Date of second stock sale |
| 2024-05-31 | Date of Form 4 filing |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, stock sale, Rule 10b5-1, director, ULY
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