Form 4: Urgent.ly Inc. Director Ben Volkow Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on March 18 and 19, 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 March 18 and March 19, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- On March 18, 2024, 24,500 shares were sold at a weighted average price of $2.2195, with prices ranging from $2.20 to $2.515.
- On March 19, 2024, 2,578 shares were sold at a weighted average price of $2.2058, with prices ranging from $2.195 to $2.23.
- Following these transactions, Ben Volkow beneficially owns 559,944 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock sales by a company insider. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-03-18 | Date of first stock sale |
| 2024-03-19 | Date of second stock sale |
| 2024-03-21 | Date of signature on Form 4 |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, stock sale, Rule 10b5-1, director, ULY
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