Reliance Global Group filings document material-event disclosures, governance matters, shareholder voting results, material agreements and capital-structure information for its insurance, InsurTech and strategic ventures activities. The company's 8-K reports cover Regulation FD disclosures, settlement agreements, compensation actions, securities references involving common stock and Series Warrants, and operating or financial-results updates.
The company's proxy and annual-meeting filings disclose board elections, auditor ratification, equity incentive plan matters and stockholder vote results. Filings also describe agreements related to LifeSci Global Group, the Innervate investment, promissory note arrangements and governance review of transactions involving the company's healthcare investment platform.
Reliance Global Group, Inc. (EZRA) is the issuer whose shares Gabrielle Philipson purchased: 30,944 common shares on October 15, 2026, for $70,861.76, approximately $2.29 per share on a weighted-average basis, in open-market brokerage transactions. The reporting persons—GNK Holdings LLC, Nachum Klugman and Philipson—reported beneficial ownership of 197,905 shares as of October 15, 2026, approximately 11.78% of the 1,679,936 shares outstanding as of August 26, 2026.
Philipson and GNK Holdings LLC demanded a special meeting to seek removal without cause of current directors Ezra Beyman, Alex Blumenfrucht, Scott Korman, Ben Fruchtzweig and Sheldon Brickman, and election of nominees Nachum Klugman, Chaim Herzog, Alexander Huska, Haim Toledano and Seth Ampolsky to fill resulting vacancies. They also demanded shareholder-record inspection and intend to solicit proxies. If elected and subject to their fiduciary duties, the nominees are expected to pursue a strategic review, including potential business or asset sales.
Reliance Global Group, Inc. (EZRA) shareholder Gabrielle Philipson purchased 30,944 common shares on October 15, 2026, in open-market brokerage transactions, for aggregate consideration of $70,861.76, or approximately $2.29 per share on a weighted-average basis. As of that date, the reporting persons beneficially owned 197,905 shares, all held in Philipson’s individual brokerage account. The shares represented approximately 11.78% of the 1,679,936 common shares outstanding as of August 26, 2026.
Philipson and GNK Holdings LLC demanded a special meeting to seek removal of directors Ezra Beyman, Alex Blumenfrucht, Scott Korman, Ben Fruchtzweig and Sheldon Brickman, and election of Nachum Klugman, Chaim Herzog, Alexander Huska, Haim Toledano and Seth Ampolsky. They intend to file a proxy statement and solicit shareholder proxies. If elected, the nominees are expected, subject to their fiduciary duties, to pursue strategic and financing reviews, including a review of the equity line with White Lion Capital, LLC. GNK intends for the new Board to appoint Klugman Executive Chairman; no compensation for that role has been agreed.
Reliance Global Group, Inc. (EZRA) repaid in full its term loan with Oak Street Funding LLC, the company’s only term debt, leaving no outstanding term debt. The loan balance was approximately $4.4 million as of June 30, 2026. After repayment, the company reported more than $6 million of cash on its balance sheet. Repayment eliminates approximately $1 million in annual principal, interest and service-fee payments, including approximately $400,000 in annual interest and service fees.
The repayment was funded with approximately $1.2 million from the sale of Southwestern Montana Insurance Center, which closed September 11, 2026; approximately $2.2 million from the sale of Altruis Benefit Consulting, which closed September 24, 2026; and approximately $1.0 million of cash previously held as collateral for the loan. Reliance said the payoff was funded without issuing shares. Chief Executive Officer Ezra Beyman said that, with the loan repaid, more cash can go toward the company’s AI platform and the RELI Exchange network as it plans its next stage of growth.
Reliance Global Group, Inc. (EZRA) completed the sale of substantially all assets of its Altruis Benefit Consulting subsidiary for an $8 million cash purchase price, plus an earnout of up to $1 million over the three years following closing. The sale closed September 23, 2026. Reliance said it had received approximately $7.5 million, including full payment of the buyer’s $3.1 million seller note on September 30, 2026; $461,729 was held by the buyer as customary indemnity and working capital holdbacks.
The earnout may be earned based on annual revenue growth of the acquired business. This was Reliance’s second non-core agency sale completed in September, following the September 11, 2026, sale of Southwestern Montana Insurance Center; the Altruis transaction involved no issuance of Reliance common stock. Management said the proceeds strengthen the balance sheet and provide more capacity to invest in its AI platform and RELI Exchange. Reliance also identified the loss of Altruis’s historically contributed revenue and operating cash flow as a risk to consolidated results.
Reliance Global Group, Inc. corrected its report to state that the transaction closing was completed on September 24, 2026. Completion occurred upon the buyer’s delivery of the cash portion of the closing date payment and the Note pursuant to the Letter Agreement. The amendment makes no other change to the original report.
Reliance Global Group, Inc. (EZRA) reported that its wholly owned subsidiary Altruis Benefit Consultants completed the sale of substantially all assets of its employee benefits insurance agency business to Altruis Benefit Management, LLC on September 23, 2026, for a purchase price of $8,000,000, subject to a customary post-closing working capital adjustment. Altruis received $4,440,782.60 in cash; $3,097,488.40 was paid through a secured promissory note maturing September 30, 2026. The buyer withheld $300,000 as an indemnity holdback and $161,729 as a working capital holdback.
Altruis may receive up to $1,000,000 in earnout payments over three consecutive 12-month measurement periods following closing, based on annual revenue growth of 10%, 15% or 20% or more against the 12-month period ended June 30, 2026; payments are subordinated to the buyer’s senior secured indebtedness. Reliance Global Group subsidiary Reli Exchange repaid its Oak Street secured commercial credit facilities in full for $2,176,164 using transaction cash proceeds; Oak Street waived the prepayment premium, and no early termination penalty was incurred. Under a transition services agreement, Altruis will employ six acquired-business employees and provide their services to the buyer through October 31, 2026; they are expected to transfer to the buyer afterward.
Reliance Global Group, Inc. registered up to 16,107,568 additional common shares for resale by White Lion Capital, LLC. Shares may be issued to White Lion under the company’s discretionary equity line; Reliance receives no proceeds from White Lion’s resales. The registered amount represents approximately 959% of the 1,679,936 common shares outstanding as of August 26, 2026.
The amended equity-line commitment is $50.0 million. Through August 31, 2026, Reliance had sold approximately $1.6 million of shares under the agreement, leaving approximately $48.4 million available; future sales to White Lion could generate up to approximately $48.4 million in gross proceeds after the registration statement becomes effective. The company chooses whether and how much to sell, subject to agreement terms. Standard notices use the lowest traded price during a three-hour period beginning upon written acknowledgment; with White Lion’s consent, fixed notices price shares at 90% of the lowest traded price during the preceding five-minute period. Shares issued to White Lion increase shares outstanding and dilute existing holders.
Reliance Global Group, Inc. (EZRA) completed the sale of its Southwestern Montana Insurance Center (SMI) subsidiary to Scali, LLC for $2,625,000 in cash at closing, based on a multiple of 8.75 times pro forma EBITDA of $300,000. The closing occurred on September 11, 2026 and is effective for accounting purposes as of September 1, 2026, and SMI is no longer a subsidiary.
The transaction includes uncapped contingent consideration, if any, equal to 8.75 times the amount by which EBITDA of the divested business for the twelve months ending August 31, 2027 exceeds $300,000, payable within 90 days after the first anniversary of closing and subordinated under a Subordination Letter Agreement. Reliance applied $1,207,324.67 of the proceeds to repay outstanding principal on its term loan with Oak Street Funding LLC, and Oak Street released SMI as a borrower and lifted its liens on SMI’s assets.
No shares were issued in connection with the sale, so the transaction is non-dilutive. Management characterizes the divestiture as part of a portfolio monetization strategy to sell non-core, mature agencies, strengthen the balance sheet, enhance financial flexibility, and redeploy capital into its proprietary AI platform, RELI Exchange, and other InsurTech growth initiatives, while acknowledging the loss of revenue and operating cash flow historically contributed by SMI.
Reliance Global Group, Inc. (EZRA) entered into a Sixth Amendment to its Master Credit Agreement with Oak Street Funding LLC on September 4, 2026. The amendment allows the approved sale of Southwestern Montana Insurance Center, LLC, a wholly owned subsidiary, without applying all sale proceeds to debt repayment.
Under the amendment, 50% of the sale proceeds, totaling $1,207,324.67, will be applied as a loan paydown on term loan ID 121393, and Oak Street will release SMI as a borrower and release its security interests and liens on SMI’s assets. Effectiveness is subject to customary conditions, including a $15,000 amendment fee, and all existing guarantors, including the company and affiliated entities and individuals, reaffirmed their guarantees and released claims against Oak Street.
Reliance Global Group, Inc. (EZRA) reported insider activity by Chief Financial Officer Joel Markovits involving restricted stock and related share dispositions. On June 24, 2026 he received 23,039 restricted shares under the 2025 Equity Incentive Plan, originally scheduled to vest in six installments, with all then-unvested shares vesting early on July 27, 2026 after a vesting schedule modification. To cover tax liabilities from this grant, shares were delivered or withheld on June 24–July 20 and July 30, 2026, and on August 3, 2026 he sold 9,329 shares of common stock in a separate open-market or private transaction at $2.5451 per share. No Rule 10b5-1 trading plan is indicated.