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

Director Ben Volkow of Urgent.ly Inc. executed sales of common stock on September 5th and 6th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ben Volkow, a director of Urgent.ly Inc., reported the sale of common stock on September 5th and 6th, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on November 20, 2023.
• On September 5th, 1,101 shares were sold at a weighted average price of $0.8606, with prices ranging from $0.8361 to $0.908.
• On September 6th, 2,800 shares were sold at a weighted average price of $0.8698, with prices ranging from $0.8123 to $0.9374.
• Following these transactions, Volkow directly owns 512,951 shares of Urgent.ly Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current, non-public information.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates

Keywords

Form 4, Urgent.ly Inc., Ben Volkow, stock sale, Rule 10b5-1, director, ULY