[Form 4] Reliance Global Group, Inc. Series A Warrants Insider Trading Activity

Rhea-AI Filing Summary

Reliance Global Group (RELI) – Form 4 insider activity

Director Sheldon Brickman reported two June-July 2025 transactions. On 18 Jun 2025 he sold 15,236 common shares at $2.8248, leaving 48,495 shares. One month later, on 18 Jul 2025, he received 66,486 restricted shares for $0 under the 2025 Equity Incentive Plan approved by the board’s independent compensation committee. The award vests in full on 23 Jul 2025 and was issued under Exchange Act Rule 16b-3. After both moves Brickman directly owns 114,981 shares, a net increase of 51,250 shares over the period.

The filing signals routine equity-based compensation outweighing a modest open-market sale, resulting in higher overall insider ownership.

Positive

• Director’s net share ownership increased by 51,250 shares, aligning interests with shareholders.
• Grant approved by independent compensation committee under Rule 16b-3, indicating governance compliance.

Negative

• Insider sold 15,236 shares at $2.8248 prior to receiving the equity grant, which may be viewed cautiously by some investors.

Insights

Securities Analyst

TL;DR: Net insider ownership up 105%, driven by equity grant; sale modest.

The director’s 66.5k-share grant more than offsets his 15.2k share sale, boosting direct holdings to 114,981. Because the grant is compensation-related and vests quickly (23 Jul 2025), it does not represent cash commitment but does align incentives through added equity exposure. The single small sale at $2.82 appears immaterial relative to the enlarged position. Overall impact on valuation sentiment is neutral: no cash purchase signal, but insider exposure rises materially.

Corporate Governance Expert

TL;DR: Standard Rule 16b-3 grant; governance compliant, neutral impact.

The award was approved solely by independent directors, satisfying Rule 16b-3 safe harbor and typical governance standards. One-year cliff vesting supports retention yet gives full ownership within weeks, limiting long-term lock-in. Combined with the minor sale, the pattern looks routine, not suggestive of directional insight. I classify the disclosure as not materially impactful to investors.

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
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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).

1. Name and Address of Reporting Person^*

KORMAN SCOTT

(Last) (First) (Middle)

C/O RELIANCE GLOBAL GROUP, INC.

300 BLVD. OF THE AMERICAS, SUITE 105

(Street)

LAKEWOOD NJ 08701

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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

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

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

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	07/18/2025		A		66,486(1)	A	$0	130,345	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 the grant of 66,486 shares of common stock pursuant to the Reliance Global Group, Inc. 2025 Equity Incentive Plan, approved by the compensation committee, comprised solely of independent directors, of the issuer's board of directors and issued in accordance with Rule 16b-3 promulgated under the Exchange Act. The grant vests in full on July 23, 2025.

	/s/ Scott Korman	07/24/2025
	** 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.
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FAQ

How many Reliance Global Group (RELI) shares did the director sell?

Sheldon Brickman sold 15,236 common shares on 18 Jun 2025 at $2.8248 per share.

What size was the equity grant to the director?

He received 66,486 restricted shares on 18 Jul 2025 for no cash consideration.

When do the granted shares vest?

The 66,486 shares vest in full on 23 Jul 2025.

What is the director’s total ownership after these transactions?

After both transactions, Brickman directly owns 114,981 RELI shares.

Was the equity award approved in line with SEC rules?

Yes, it was approved by the issuer’s independent compensation committee under Rule 16b-3.