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. sold 6,178 shares of common stock at a weighted average price of $0.8004 per share on October 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 22, 2024, Ben Volkow, a director of Urgent.ly Inc., sold 6,178 shares of the company's common stock.
- The sale was executed at a weighted average price of $0.8004 per share.
- The transactions occurred under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- Following the transaction, Volkow directly owns 447,718 shares of Urgent.ly Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There's no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| November 20, 2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| October 22, 2024 | Date of the stock sale transaction |
| October 24, 2024 | Date of the Form 4 filing |
Keywords
Form 4, Urgent.ly Inc., Ben Volkow, Stock Sale, Director, 10b5-1 Trading Plan, ULY
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