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AI-focused leadership team joins Reliance Global (NASDAQ: EZRA) with major stock awards

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8-K

Rhea-AI Filing Summary

Reliance Global Group announced several leadership moves and equity awards tied to its AI-focused insurance strategy. The Board appointed Judah Korman as Chief Operating Officer and Zack Wilder as Chief Technology Officer, and promoted Mordy Beyman to Vice President, all effective June 18, 2026. Korman and Beyman are immediate family members of current directors, so their compensation packages were treated as related party transactions and approved by disinterested directors.

Korman will receive a $300,000 base salary and a $300,000 annual equity award, with an initial grant of 21,941 restricted shares vesting between July and September 2026. Wilder is set to receive a $300,000 base salary and a $300,000 restricted stock award under the 2025 Equity Incentive Plan. Beyman’s new package includes a $150,000 salary and a $150,000 equity award, with an initial 7,314 restricted shares vesting on the same schedule.

The Compensation Committee also set CEO Ezra Beyman’s 2026 pay at a $513,000 salary, a $593,000 target cash bonus, a fully vested stock award valued at $1,058,000 under the 2025 Plan, and a $45,000 annual life insurance premium. On June 24, 2026, the Committee granted restricted stock to directors and officers, including 151,575 shares to the CEO, at a grant-date price of $3.455 per share, as part of a broader program to align leadership with Reliance’s AI-powered agency roll-up and AI-native insurance product initiatives.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
COO base salary $300,000 per year Judah Korman annual base salary as Chief Operating Officer
COO annual equity award $300,000 grant-date value Restricted Common Stock under 2025 Equity Incentive Plan
Initial COO restricted shares 21,941 shares Granted June 24, 2026, vesting July–September 2026
VP Mordy Beyman compensation $150,000 salary and $150,000 equity Annual package after promotion to Vice President
Initial VP restricted shares 7,314 shares Granted June 24, 2026, vesting July–September 2026
CEO base salary $513,000 per year Annual salary for Chairman and CEO Ezra Beyman effective July 1, 2026
CEO target bonus and stock $593,000 bonus; $1,058,000 stock Target annual cash bonus and fully vested stock award value
CEO June 24 stock grant 151,575 shares; $523,691 value Restricted Common Stock at $3.455 per share under 2025 Plan
restricted Common Stock financial
"granted Mr. Korman 21,941 shares of restricted Common Stock under the 2025 Plan, vesting in substantially equal installments"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
2025 Equity Incentive Plan financial
"awards to be granted under, and subject to the terms of, the Company’s 2025 Equity Incentive Plan, as amended"
AI-native insurance products technical
"the development of AI-native insurance products built for digital-first distribution at scale."
acquisition roll-up financial
"an AI-powered insurance agency acquisition roll-up — building upon Reliance’s existing business of acquiring independent agencies"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 18, 2026

 

RELIANCE GLOBAL GROUP, INC.

 

(Exact Name of Registrant as Specified in Its Charter)

 

Florida   001-40020   46-3390293
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

300 Blvd. of the Americas, Suite 105
Lakewood, New Jersey
  08701
(Address of Principal Executive Offices)   (Zip Code)

 

(732) 380-4600

(Registrant’s Telephone Number, Including Area Code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.086 per share   EZRA   The NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 18, 2026, the Board of Directors (the “Board”) of Reliance Global Group, Inc. (the “Company”) appointed Judah Korman as Chief Operating Officer of the Company and Zack Wilder as Chief Technology Officer of the Company, and promoted Mordy Beyman to Vice President of the Company, in each case effective June 18, 2026.

 

Judah Korman — Chief Operating Officer

 

Mr. Judah Korman, age 34, was appointed to serve as the Company’s Chief Operating Officer. Mr. Korman has more than a decade of experience founding, building and scaling consumer technology, marketplace and platform businesses, and in capital raising and investment activities across the consumer technology, logistics, life sciences and real estate sectors. Since 2024, Mr. Korman has served as Founder and Chief Executive Officer of Chatcast, a consumer media application. Since 2023, Mr. Korman has led capital-raising activities for Innervate Radiopharmaceuticals, a venture-backed biotechnology company. From 2018 to 2023, he served as Founder and Chief Investment Officer of JMK Capital, a real estate investment and development firm. From 2020 to 2023, he served as Founder and Chief Executive Officer of Famclub, a creator mini-series platform. From 2013 until its acquisition in 2020, he served as Founder of Cinch Delivery Co., a mobile logistics and delivery marketplace. Earlier in his career, from 2016 to 2018, he served as a private equity analyst at Nashone Inc.

 

Mr. Judah Korman is the son of Scott Korman, a member of the Company’s Board of Directors. Other than as described below under “Related Party Transaction,” there are no other family relationships between Mr. Judah Korman and any director or executive officer of the Company required to be disclosed under Item 401(d) of Regulation S-K.

 

Related Party Transaction. In connection with his appointment, the Company has agreed to provide compensatory arrangements to Mr. Judah Korman as described below under “Compensatory Arrangements.” Because Mr. Judah Korman is an immediate family member of Scott Korman, a director of the Company, his employment and the related compensation constitute a related party transaction for purposes of Item 404(a) of Regulation S-K. The aggregate value of Mr. Korman’s annual compensation arrangement, consisting of a base salary of $300,000 and an annual equity award having a grant-date value of $300,000, exceeds $120,000. The terms of Mr. Korman’s appointment and compensation were reviewed and approved by the disinterested members of the Board, with Scott Korman recusing himself from the deliberation and approval of the matter. In addition, Mr. Judah Korman serves as a manager of LifeSci Global Group LLC (“LifeSci Global”), a subsidiary of the Company’s EZRA International Group platform, in which the Company holds an investment and which is led by Scott Korman, a director of the Company. Mr. Judah Korman holds no equity, membership or other financial interest in LifeSci Global, receives no compensation for serving as a manager thereof, and disclaims beneficial ownership of, and any pecuniary interest in, the equity, assets and investments of LifeSci Global, including its investment in Innervate Radiopharmaceuticals.

 

 

 

 

Compensatory Arrangements. In connection with his appointment as Chief Operating Officer, the Company agreed to provide Mr. Korman with an annual base salary of $300,000 and an annual equity award having a grant-date value of $300,000, with the number of underlying shares to be determined based on the grant-date value of the Company’s common stock and the awards to be granted under, and subject to the terms of, the Company’s 2025 Equity Incentive Plan, as amended (the “2025 Plan”). As an initial tranche of such annual equity award, on June 24, 2026 the Compensation Committee of the Board granted Mr. Korman 21,941 shares of restricted Common Stock under the 2025 Plan, vesting in substantially equal installments on July 1, July 15, August 4, August 18, September 1 and September 15, 2026. As of the date of this Current Report, the Company and Mr. Korman have not entered into a written employment agreement with respect to the foregoing arrangement. If the Company and Mr. Korman enter into a written agreement in the future, the Company will file or incorporate such agreement as required and disclose its material terms.

 

There are no arrangements or understandings between Mr. Judah Korman and any other persons pursuant to which he was selected as an officer, other than as described above. Except as described above, there are no transactions involving Mr. Judah Korman that would require disclosure under Item 404(a) of Regulation S-K.

 

Zack Wilder — Chief Technology Officer

 

Mr. Zack Wilder, age 39, was appointed to serve as the Company’s Chief Technology Officer. Mr. Wilder is a software engineer with experience building and leading the development of consumer-facing and developer-facing software platforms in the financial technology sector. From September 2025 to June 2026, Mr. Wilder served as a Frontend Tech Lead at Capital One, a diversified financial services company, where he led the architecture and implementation of card-based authentication products and related developer tools. From April 2021 to April 2024, Mr. Wilder served as a Software Engineer at Coinbase, a cryptocurrency exchange and developer platform, where he designed and implemented frontend infrastructure for the Coinbase Developer Platform, including automated testing and metrics frameworks. From April 2024 to September 2025, Mr. Wilder was not employed on a full-time basis and devoted his time to independent software development projects. Earlier in his career, Mr. Wilder served as a Software Engineer at Blink Health, a healthcare technology company, from December 2018 to March 2020, and at Simplifeye, a healthcare software company, from April 2018 to November 2018. Mr. Wilder does not currently serve, and has not during the past five years served, as a director of any company with a class of securities registered under the Securities Exchange Act of 1934, as amended, or subject to the requirements of Section 15(d) thereof, or of any registered investment company.

 

Family Relationships. There are no family relationships between Mr. Wilder and any director or executive officer of the Company required to be disclosed under Item 401(d) of Regulation S-K.

 

Related Party Transactions. There are no transactions involving Mr. Wilder that would require disclosure under Item 404(a) of Regulation S-K.

 

Compensatory Arrangements. In connection with his appointment as Chief Technology Officer, the Company agreed to provide Mr. Wilder with an annual base salary of $300,000 and an annual equity award in the form of restricted Common Stock having a grant-date value of $300,000, with the number of underlying shares to be determined based on the grant-date value of the Company’s common stock and the awards to be granted under, and subject to the terms of, the 2025 Plan. No shares were granted to Mr. Wilder in the Compensation Committee’s June 24, 2026 grant described below, and the number of shares underlying, and the vesting schedule for, Mr. Wilder’s equity award remain to be determined. As of the date of this Current Report, the Company and Mr. Wilder have not entered into a written employment agreement with respect to the foregoing arrangement. If the Company and Mr. Wilder enter into a written agreement in the future, the Company will file or incorporate such agreement as required and disclose its material terms.

 

There are no arrangements or understandings between Mr. Wilder and any other persons pursuant to which he was selected as an officer.

 

 

 

 

Mordy Beyman — Vice President

 

Mr. Mordy Beyman, age 29, was promoted to serve as a Vice President of the Company. Mr. Beyman has served with the Company since September 2024, most recently as its Director of Business Development in which capacity he has focused on business development and strategic initiatives for the Company. Prior to joining the Company, Mr. Beyman devoted himself to full-time religious and academic study, attending the Mir Yeshiva in Jerusalem, Israel, and Beth Medrash Govoah in Lakewood, New Jersey, from 2019 through 2024. Mr. Beyman does not currently serve, and has not during the past five years served, as a director of any company with a class of securities registered under the Securities Exchange Act of 1934, as amended, or subject to the requirements of Section 15(d) thereof, or of any registered investment company.

 

Family Relationship. Mr. Mordy Beyman is the son of Ezra Beyman, the Chairman of the Board and Chief Executive Officer of the Company. Other than as described below under “Related Party Transaction,” there are no other family relationships between Mr. Mordy Beyman and any director or executive officer of the Company required to be disclosed under Item 401(d) of Regulation S-K.

 

Related Party Transaction. In connection with his promotion, the Company has agreed to provide compensatory arrangements to Mr. Mordy Beyman as described below under “Compensatory Arrangements.” Because Mr. Mordy Beyman is an immediate family member of Ezra Beyman, the Chairman of the Board and Chief Executive Officer of the Company, his employment and the related compensation constitute a related party transaction for purposes of Item 404(a) of Regulation S-K. The aggregate value of Mr. Mordy Beyman’s annual compensation arrangement, consisting of a base salary of $150,000 and an annual equity award having a grant-date value of $150,000, exceeds $120,000. The terms of Mr. Mordy Beyman’s promotion and compensation were reviewed and approved by the disinterested members of the Board, with Ezra Beyman recusing himself from the deliberation and approval of the matter.

 

Compensatory Arrangements. In connection with his promotion to Vice President, the Company agreed to provide Mr. Mordy Beyman with an annual base salary of $150,000 and an annual equity award in the form of restricted Common Stock having a grant-date value of $150,000, with the number of underlying shares to be determined based on the grant-date value of the Company’s common stock and the awards to be granted under, and subject to the terms of, the 2025 Plan. As an initial tranche of such annual equity award, on June 24, 2026 the Compensation Committee of the Board granted Mr. Mordy Beyman 7,314 shares of restricted Common Stock under the 2025 Plan, vesting in substantially equal installments on July 1, July 15, August 4, August 18, September 1 and September 15, 2026. As of the date of this Current Report, the Company and Mr. Mordy Beyman have not entered into a written employment agreement with respect to the foregoing arrangement. If the Company and Mr. Mordy Beyman enter into a written agreement in the future, the Company will file or incorporate such agreement as required and disclose its material terms.

 

 

 

 

There are no arrangements or understandings between Mr. Mordy Beyman and any other persons pursuant to which he was selected as an officer, other than as described above. Except as described above, there are no transactions involving Mr. Mordy Beyman that would require disclosure under Item 404(a) of Regulation S-K.

 

Compensation of Chief Executive Officer

 

On June 25, 2026, the Compensation Committee of the Board, comprised solely of independent directors, approved the compensation of Ezra Beyman, the Company’s Chairman and Chief Executive Officer, effective July 1, 2026. As approved, Mr. Beyman’s annual compensation consists of: (i) an annual base salary of $513,000; (ii) a target annual cash bonus of $593,000, payable in monthly installments and determined by the Compensation Committee in its discretion based on its evaluation of the performance of the Company and its business lines; (iii) a fully vested stock award having an aggregate grant-date value of $1,058,000, to be issued under the 2025 Plan, with the number of shares to be determined by reference to the closing price of the Company’s common stock on the applicable grant date; and (iv) payment by the Company of the annual premium, in the amount of $45,000, on a $1,000,000 life insurance policy on Mr. Beyman’s life, payable in monthly installments. The components of Mr. Beyman’s compensation are unchanged from those in effect during the prior year, other than the addition of the life insurance premium described in clause (iv).

 

The 151,575 shares of restricted Common Stock granted to Mr. Beyman on June 24, 2026, described under “Equity Grants to Directors and Officers” below, were granted as a component of, and are reflected in, the overall compensation approved by the Compensation Committee on June 25, 2026 as described above. The net remaining fully vested stock award described in clause (iii) above had not been granted as of the date of this Current Report. In approving Mr. Beyman’s compensation, the Compensation Committee reviewed and relied upon the written analysis and market benchmarking data of Meridian Compensation Partners, LLC, an independent compensation consultant engaged by the Compensation Committee, which concluded that the compensation is reasonable and within market norms. As Mr. Beyman’s compensation relates to the Company’s principal executive officer, who is also a director, it was approved by the Compensation Committee without the participation of any interested director.

 

Equity Grants to Directors and Officers

 

On June 24, 2026, the Compensation Committee of the Board approved, and the Company granted, awards of restricted shares of Common Stock under the 2025 Plan to certain of the Company’s directors, officers and employees, in consideration of services rendered to the Company, at a grant-date closing price of $3.455 per share. Each such award vests in installments on July 1, July 15, August 4, August 18, September 1 and September 15, 2026, except as otherwise noted below. The number of shares granted to, and the approximate grant-date value of the award received by, each of the Company’s directors and executive officers is set forth in the following table:

 

Name  Position 

Shares

Granted

   Approximate Grant-Date Value 
Ezra Beyman  Chairman and Chief Executive Officer   151,575   $523,691 
Joel Markovits  Chief Financial Officer   23,039   $79,600 
Yaakov Beyman  Executive Vice President, Insurance Division   20,113   $69,490 
Judah Korman  Chief Operating Officer   21,941   $75,806 
Mordy Beyman  Vice President   7,314   $25,270 
Scott Korman  Director   7,168   $24,765 
Ben Fruchtzweig  Director   7,168   $24,765 
Sheldon Brickman  Director   7,168   $24,765 
Alex Blumenfrucht  Director   7,168   $24,765 

 

 

 

 

The shares granted to Mr. Scott Korman vested in full on July 1, 2026. The grants to Mr. Judah Korman and Mr. Mordy Beyman represent the initial tranches of the annual equity awards described above under their respective biographies. The Compensation Committee, which is composed solely of independent directors (Messrs. Fruchtzweig, Brickman and Blumenfrucht), approved the foregoing grants. Because each of Ezra Beyman, Yaakov Beyman, Mordy Beyman and Judah Korman is an executive officer who is an immediate family member of the Chairman and Chief Executive Officer or of a director, and because Scott Korman is a director, the equity awards to such persons constitute related party transactions for purposes of Item 404(a) of Regulation S-K. The Company also granted restricted shares of Common Stock under the 2025 Plan on June 24, 2026 to certain non-executive employees, which grants are not required to be, and are not, separately disclosed herein.

 

Item 7.01 Regulation FD Disclosure.

 

On June 22, 2026, the Company issued a press release announcing the leadership appointments described in Item 5.02 above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information set forth under this Item 7.01, including Exhibit 99.1, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
     
99.1   Press Release of Reliance Global Group, Inc., dated June 22, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  RELIANCE GLOBAL GROUP, INC.
     
Date: June 25, 2026    
     
  By: /s/ Ezra Beyman
  Name: Ezra Beyman
  Title: Chief Executive Officer

 

 

 

Exhibit 99.1

 

 

RELIANCE GLOBAL GROUP NAMES CTO FROM COINBASE AND CAPITAL ONE TO LEAD AI-POWERED INSURANCE PRODUCT DEVELOPMENT AND AGENCY ROLL-UP STRATEGY

 

Appointments of Zack Wilder as CTO, Judah Korman as COO, and Mordy Beyman as Executive Vice President to advance dual strategy: In-house development of planned AI-native insurance products and AI-powered agency acquisition roll-up

 

LAKEWOOD, NJ — June 22, 2026 — Reliance Global Group, Inc. (NASDAQ: EZRA), an Insurtech company that acquires independent insurance agencies, consolidates them into a unified network, and supports them with a technology platform, today announced the appointments of Judah Korman as Chief Operating Officer, Zack Wilder as Chief Technology Officer, and Mordy Beyman as Executive Vice President, alongside two additional engineers who join Wilder in forming the company’s newly established AI product development team. As previously announced, Moshe Fishman, Senior Vice President of Insurtech, completes the team, bringing fluency in emerging Insurtech infrastructure that is transforming traditional insurance operations.

 

The appointments mark a next step in Reliance’s strategic direction: the development of AI-native insurance products intended for mass-market distribution and an AI-powered insurance agency acquisition roll-up. The appointments build on several years of execution, during which Reliance has acquired a network of independent agencies and developed the technology platform that it intends to serve as the foundation for its AI expansion.

 

“Reliance was founded on the belief that insurance, one of the largest and most entrenched industries in the world, was overdue for a fundamental rethinking. We started by embedding technology into the agency model, and the results validated that thesis. Now we are going further: running our acquisition roll-up through an AI backbone, and investing in insurance products that we believe AI has made possible for the first time. Judah, Zack, Mordy, Moshe and the engineering team they are building are the right people to lead that chapter,” said Ezra Beyman, Chief Executive Officer of Reliance Global Group.

 

Reliance is entering its next phase of growth with a dual mandate, with artificial intelligence as the strategic framework connecting both pillars. The first is an AI-powered insurance agency acquisition roll-up — building upon Reliance’s existing business of acquiring independent agencies and integrating them onto a centralized operating platform designed to automate workflows, enhance underwriting, and extract compounding value from each agency’s data and operations. The second is the development of AI-native insurance products built for digital-first distribution at scale. The Company believes AI is not a feature layer added to either strategy; it is the architecture both are designed around.

 

The Company believes the roll-up model is meaningfully differentiated when powered by AI. Traditional insurance consolidators often face diminishing returns as acquired agencies require heavy operational integration and manual management. Reliance’s approach is designed to use automation and data intelligence to streamline back-office operations, improve coverage routing, and generate performance intelligence across the agency network, with the goal of compressing integration timelines and improving acquisition economics relative to conventional roll-up strategies.

 

The AI-native product is the company’s second approach: insurance products intended to be conceived entirely around artificial intelligence, not adapted from legacy models. This approach is expected to use AI for risk selection and pricing, to deploy conversational AI to replace traditional quoting and binding workflows, and to build data infrastructure that improves with every policy written. These are not incremental improvements to existing products; they are intended to be new products that the Company believes recent advances in AI have made possible.

 

The two pillars are designed to reinforce each other. Acquired agencies contribute carrier relationships, books of business, and proprietary data. The platform and in-house products, in turn, are intended to make each acquired agency more efficient and competitive. Reliance believes this positions the Company distinctly from both traditional consolidators and pure-play Insurtech companies operating without established distribution scale.

 

 
 

 

Leadership Appointments

 

Judah Korman — Chief Operating Officer

 

Korman joins as Chief Operating Officer with responsibility for scaling Reliance’s operating model across its growing network of AI-powered agencies and platforms. He brings a decade of experience building and exiting technology companies, with a track record that spans founding and scaling a mobile logistics marketplace to a successful acquisition, building and growing numerous consumer apps, and serving as a private equity analyst on leveraged buyout transactions. He brings deep expertise in the operational complexity of scaling multi-sided platforms. In this role, Korman will focus on translating Reliance’s AI strategy into operating discipline across agency integration, workflow centralization, performance management and scalable execution.

 

Zack Wilder — Chief Technology Officer

 

Wilder joins as Chief Technology Officer with extensive fintech experience, having led major engineering initiatives at Coinbase and Capital One in support of core financial and authentication infrastructure at two security-intensive platforms in financial services. At Reliance, Wilder’s mandate is to turn the Company’s AI strategy into product architecture, engineering execution and scalable technology infrastructure — encompassing the AI platform powering the acquisition roll-up and the build-out of AI-native insurance products. His background building regulated, high-stakes financial infrastructure positions him to move with speed and precision in an industry where compliance and security are non-negotiable.

 

Wilder is joined by two additional engineers who form the founding members of Reliance’s AI product development team. The team’s initial focus is building the core AI infrastructure that will power both the agency roll-up platform and the Company’s first AI-native insurance products.

 

Mordy Beyman — Executive Vice President

 

Beyman advances to Executive Vice President of Reliance Global Group, formalizing a role he has held in practice for some time. He has been closely involved in shaping Reliance’s long-term strategic vision, including its positioning in technology and the investments that underpin its current AI initiative. Beyman’s involvement in the architecture of this new chapter — from identifying the AI opportunity to guiding the leadership build-out — makes his formal appointment a natural extension of the work already underway. In his role as Executive Vice President, Beyman will focus on coordinating strategic execution across the leadership team, technology roadmap and broader AI initiative.

 

Together, the appointments are designed to give Reliance the ability to execute across product development, agency integration, technology infrastructure and AI-enabled operating efficiency.

 

“Insurance distribution has been resistant to the kind of operational transformation that technology has brought to other areas of financial services. What Reliance has built is a genuine foundation for the agency network, the carrier relationships, and now the AI platform to centralize and amplify it all. An AI-powered roll-up is designed to be a meaningfully different proposition from a traditional consolidation play. The economics are designed to compound differently, the integration timelines are designed to compress, and the data advantage widens with every acquisition. “ said Korman.

 

“I spent years at Capital One building infrastructure for an industry most people thought was too complex and too regulated to change quickly. Insurance is in a similar position today, and AI is now mature enough to do more than automate workflows. It can reimagine what an insurance product looks like, how it is priced, and how it reaches a customer. That is what we are building at Reliance, starting with a solid foundation and a head start on the rest of the industry,” said Wilder.

 

“I have been part of building this vision for some time, and what excites me most is that the timing is right. The AI tools available today are genuinely capable of transforming how insurance is distributed and how products are built. Reliance has the carrier relationships, the agency network that is licensed across the United States, and now the team to execute on that. My focus is making sure this initiative scales with the ambition behind it,” said Beyman.

 

 
 

 

About Reliance Global Group

 

Reliance Global Group, Inc. (NASDAQ: EZRA) is an Insurtech company that acquires independent insurance agencies, consolidates them into a unified network, and supports them with a technology platform. The company is pursuing an AI-powered acquisition roll-up strategy intended to bring independent agency distribution onto a centralized AI platform, while simultaneously seeking to develop AI-native insurance products for mass-market distribution. For more information, visit www.relianceglobalgroup.com.

 

Media Contact

 

Michael Goldberg - michael@mmstratcomms.com

 

Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “intend,” “will,” “designed to,” “intended to,” “seeking to,” “positions,” and similar expressions, and include all statements that are not statements of historical fact. These forward-looking statements include, but are not limited to, statements regarding: the Company’s dual strategy of an AI-powered insurance agency acquisition roll-up and the planned development of AI-native insurance products; the anticipated benefits of integrating acquired agencies onto a centralized AI-driven operating platform, including automation of workflows, enhanced underwriting, and the extraction of value from agency data and operations; the Company’s belief that its AI-powered roll-up approach is meaningfully differentiated from conventional roll-up strategies and may compress integration timelines and improve acquisition economics; the expectation that the Company’s two strategic pillars will reinforce one another; the development, capabilities, pricing, distribution, and market acceptance of the Company’s contemplated AI-native insurance products; the Company’s ability to scale acquisitions and execute on its growth strategy; and the anticipated contributions of the newly appointed members of the leadership team and engineering personnel.

 

Forward-looking statements are based on the Company’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others: the Company’s ability to develop, deploy, and commercialize AI-based platforms and products on the timelines or with the capabilities currently anticipated, or at all; the risk that the anticipated economic, operational, and integration benefits of an AI-powered roll-up are not realized; the Company’s ability to identify, finance, complete, and integrate agency acquisitions; the Company’s need for, and ability to obtain, additional capital to fund its strategy; the evolving regulatory environment applicable to insurance, artificial intelligence, and data use; competition from both traditional consolidators and Insurtech companies; the Company’s ability to attract and retain qualified personnel, including the newly appointed officers; and the risk factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”).

 

For a more detailed discussion of these and other risks and uncertainties, investors should review the disclosures contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the SEC and available at www.sec.gov.

 

The forward-looking statements in this press release speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.

 

 

FAQ

What leadership changes did Reliance Global Group (EZRA) announce?

Reliance Global appointed Judah Korman as Chief Operating Officer, Zack Wilder as Chief Technology Officer, and promoted Mordy Beyman to Vice President. These roles support its AI-powered insurance agency roll-up and planned AI-native product development strategy.

How is COO Judah Korman compensated at Reliance Global Group (EZRA)?

Judah Korman receives a $300,000 annual base salary and a $300,000 annual equity award. An initial grant of 21,941 restricted shares under the 2025 Plan vests in six installments between July 1 and September 15, 2026.

What is CTO Zack Wilder’s compensation structure at EZRA?

Zack Wilder’s package includes a $300,000 base salary and a restricted stock award valued at $300,000 under the 2025 Equity Incentive Plan. The filing notes that the exact share count and vesting schedule for his equity award remain to be determined.

What compensation did Reliance Global approve for CEO Ezra Beyman for 2026?

CEO Ezra Beyman’s 2026 compensation includes a $513,000 salary, a $593,000 target annual cash bonus, a fully vested stock award valued at $1,058,000, and a $45,000 annual life insurance premium on a $1,000,000 policy.

What equity grants did directors and officers of EZRA receive on June 24, 2026?

On June 24, 2026, Reliance granted restricted stock at $3.455 per share, including 151,575 shares to CEO Ezra Beyman, 23,039 to CFO Joel Markovits, 20,113 to Executive Vice President Yaakov Beyman, 21,941 to COO Korman, and 7,314 to Vice President Beyman.

How do the new appointments support Reliance Global Group’s AI strategy?

The new COO, CTO, and Executive Vice President roles are intended to drive an AI-powered insurance agency acquisition roll-up and the development of AI-native insurance products. Leadership will focus on technology infrastructure, agency integration, and scaling AI-enabled operations across the network.

Filing Exhibits & Attachments

5 documents