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

Director Ben Volkow of Urgent.ly Inc. sold 2,178 shares of common stock at a weighted average price of $1.441 per share on August 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 1, 2024, Ben Volkow, a director of Urgent.ly Inc., sold 2,178 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 prices ranging from $1.41 to $1.475, with a weighted average price of $1.441.
• Following the transaction, Volkow directly owns 528,952 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 is no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Urgent.ly Inc., Ben Volkow, Stock Sale, 10b5-1 Trading Plan, Director, ULY, Share Transaction