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 May 19 and May 20, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Ben Volkow, a director of Urgent.ly Inc., sold shares of common stock on May 19 and May 20, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- On May 19, 2025, 2,000 shares were sold at a weighted average price of $7.2106, with individual prices ranging from $7.095 to $7.35.
- On May 20, 2025, 256 shares were sold at a weighted average price of $7.2441, with individual prices ranging from $7.01 to $7.615.
- Following these transactions, Volkow directly owns 21,513 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider trading activity. It is important to note that the sales were conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for corporate insiders to avoid accusations of trading on non-public information.
Stakeholder Impact
- The stock sales by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date the reporting person adopted the Rule 10b5-1 trading plan. |
| 2025-05-19 | Date of the first reported transaction where 2,000 shares of common stock were sold. |
| 2025-05-20 | Date of the second reported transaction where 256 shares of common stock were sold. |
| 2025-05-21 | Date of the form filing. |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, stock sale, Rule 10b5-1, director, insider trading
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