Reliance Global CFO sells 9,329 shares at $2.55

EZRA’s CFO received and fully vested a restricted stock award, then disposed of shares for taxes and sold 9,329 shares in the open market.

Rhea-AI Filing Summary

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.

Insider Trade Summary

Net Seller: 9,329 shares

Net Sell 5 txns

Insider Markovits Joel

Role Chief Financial Officer

Sold 9,329 shs ($24K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,329	$2.5451	$24K
Tax Withholding	Common Stock F2	9,375	$1.9017	$18K
Tax Withholding	Common Stock F2	2,255	$2.2635	$5K
Tax Withholding	Common Stock F2	2,080	$3.0982	$6K
Grant/Award	Common Stock F1	23,039	--	--

Holdings After Transaction: Common Stock — 4 shares (Direct)

Footnotes (2)

1. F1. Represents restricted shares of Common Stock granted on June 24, 2026 under the Issuer's 2025 Equity Incentive Plan, pursuant to a Restricted Stock Award Agreement between the Reporting Person and the Issuer. The shares were originally scheduled to vest in substantially equal installments on July 1, July 15, August 4, August 18, September 1 and September 15, 2026. On July 27, 2026, the vesting schedule was modified to accelerate the vesting of all then-unvested shares, which vested in full on such date.
2. F2. Represents the payment of tax liability by delivering securities incident to the receipt of a previously reported stock grant, which was issued in accordance with Rule 16b-3. This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Key Figures

Restricted shares granted: 23,039 shares Shares sold: 9,329 shares Sale price per share: $2.5451 per share +4 more

7 metrics

Restricted shares granted 23,039 shares Grant of restricted common stock on June 24, 2026 under the 2025 Equity Incentive Plan

Shares sold 9,329 shares Open-market or private sale of common stock on August 3, 2026

Sale price per share $2.5451 per share Price for 9,329 shares sold on August 3, 2026

Tax-withholding shares (June 24–July 30, 2026) 13,710 shares Shares delivered or withheld across three F-code transactions to pay tax liability on the stock grant

Tax-withholding price July 30, 2026 $1.9017 per share F-code disposition of 9,375 shares to cover tax liability

Tax-withholding price July 20, 2026 $2.2635 per share F-code disposition of 2,255 shares to cover tax liability

Tax-withholding price July 6, 2026 $3.0982 per share F-code disposition of 2,080 shares to cover tax liability

Key Terms

Restricted Stock Award Agreement, 2025 Equity Incentive Plan, Rule 16b-3, Section 16(b), +1 more

5 terms

Restricted Stock Award Agreement financial

"pursuant to a Restricted Stock Award Agreement between the Reporting Person"

A restricted stock award agreement is a legal contract that grants someone company shares that are subject to limits — for example, they may only become fully owned after working at the company for a set time, meeting performance goals, or otherwise satisfying conditions. For investors, these agreements matter because they shape insider incentives, future share dilution when restrictions lift, and company compensation costs; think of it like a gift locked in a box that opens only after certain conditions are met.

2025 Equity Incentive Plan financial

"granted on June 24, 2026 under the Issuer's 2025 Equity Incentive Plan"

Rule 16b-3 regulatory

"stock grant, which was issued in accordance with Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Section 16(b) regulatory

"This transaction is exempt from Section 16(b) of the Securities Exchange Act"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

payment of tax liability by delivering securities financial

"Represents the payment of tax liability by delivering securities incident"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did EZRA’s CFO Joel Markovits report in this Form 4?

Joel Markovits reported a grant of 23,039 restricted shares on June 24, 2026, several dispositions of shares to pay tax liabilities related to that grant, and a sale of 9,329 common shares on August 3, 2026 in an open-market or private transaction.

How many EZRA shares did the CFO sell on August 3, 2026 and at what price?

On August 3, 2026, the CFO sold 9,329 shares of Reliance Global Group, Inc. common stock at a price of $2.5451 per share in a reported open-market or private transaction.

What restricted stock award did the EZRA CFO receive and when did it vest?

The CFO received 23,039 restricted shares of EZRA common stock on June 24, 2026 under the 2025 Equity Incentive Plan. The award was originally scheduled to vest in six installments but all then-unvested shares vested in full on July 27, 2026 after a vesting schedule modification.

Why were some EZRA shares disposed of under transaction code F in this Form 4?

Transactions coded F represent payment of tax liability by delivering or withholding shares tied to the previously reported stock grant. Footnote F2 states these dispositions were to cover taxes and are exempt from Section 16(b) under Rule 16b-3.

Was the EZRA CFO’s trading under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not describe a Rule 10b5-1 trading plan. Based on this disclosure, no Rule 10b5-1 trading plan is reported for these transactions.

Under what plan was the EZRA CFO’s restricted stock granted?

The 23,039 restricted shares were granted on June 24, 2026 under Reliance Global Group, Inc.’s 2025 Equity Incentive Plan, pursuant to a Restricted Stock Award Agreement between the CFO and the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 05:15 PM Accepted by SEC EDGAR 09/10/2026 - 05:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Markovits Joel

(Last) (First) (Middle)

C/O RELIANCE GLOBAL GROUP, INC.

300 BLVD. OF THE AMERICAS, SUITE 105

(Street)

LAKEWOOD NEW JERSEY 08701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Reliance Global Group, Inc. [ EZRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2026		A		23,039	A	(1)	23,043	D
Common Stock	07/06/2026		F(2)		2,080	D	$3.0982	20,963	D
Common Stock	07/20/2026		F(2)		2,255	D	$2.2635	18,708	D
Common Stock	07/30/2026		F(2)		9,375	D	$1.9017	9,333	D
Common Stock	08/03/2026		S		9,329	D	$2.5451	4	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted shares of Common Stock granted on June 24, 2026 under the Issuer's 2025 Equity Incentive Plan, pursuant to a Restricted Stock Award Agreement between the Reporting Person and the Issuer. The shares were originally scheduled to vest in substantially equal installments on July 1, July 15, August 4, August 18, September 1 and September 15, 2026. On July 27, 2026, the vesting schedule was modified to accelerate the vesting of all then-unvested shares, which vested in full on such date.

2. Represents the payment of tax liability by delivering securities incident to the receipt of a previously reported stock grant, which was issued in accordance with Rule 16b-3. This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

	/s/ Joel Markovits	09/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)