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

Director Ben Volkow of Urgent.ly Inc. sold 2,678 shares of common stock at a weighted average price of $1.7077 on May 2, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 2, 2024, Ben Volkow, a director of Urgent.ly Inc., sold 2,678 shares of common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• The shares were sold at a weighted average price of $1.7077, with individual transactions ranging from $1.60 to $1.78.
• Following the transaction, Volkow directly owns 532,866 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company insiders, which is important for investors to assess management's confidence and alignment with shareholder interests. The use of a 10b5-1 trading plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but 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, insider trading