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

Rhea-AI Filing Summary

Yaakov Beyman, Executive Vice President of the Insurance Division and a director of Reliance Global Group, Inc. (ticker reported as RELI / RELIW context), reported two stock disposals in August 2025 related to payment of tax liabilities from a previously issued stock grant. On 08/01/2025 he delivered 7,291.65 shares at $1.0525 each, leaving 243,672.35 shares beneficially owned after that transaction. On 08/20/2025 he delivered 6,878 shares at $0.9472 each, leaving 236,794.35 shares beneficially owned after that transaction. The Form 4 states these deliveries were made to satisfy tax withholding obligations arising from a previously reported grant and were exempt from Section 16(b).

Positive

• Transactions disclosed promptly with dates, share counts, and prices provided
• Explanation provided that disposals were share deliveries to cover tax liabilities from a previously reported grant and are exempt from Section 16(b)

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Two orderly share deliveries to cover tax withholding from a stock grant; routine Section 16 reporting, exempt from Section 16(b).

The filings show two non-derivative dispositions coded F(1), which the filer explains are the delivery of shares to pay tax liabilities resulting from an earlier Rule 16b-3 stock grant. Transaction amounts and prices are disclosed: 7,291.65 shares at $1.0525 on 08/01/2025 and 6,878 shares at $0.9472 on 08/20/2025. Such share-for-tax payments are common and characterized as exempt from short-swing profit recovery under Section 16(b). The report includes post-transaction beneficial ownership balances, indicating the filer retained a sizable residual position.

Corporate Governance Expert

TL;DR: Insider reported equity deliveries to satisfy tax obligations from a grant; disclosure is complete for the transactions reported.

The Form 4 identifies the reporting person, his role (Executive VP, Insurance Division and director), and provides transaction dates, share counts, and prices. The explanatory note states the activity relates to a previously reported stock grant issued under Rule 16b-3, and the transactions are treated as exempt. From a governance perspective the filing supplies the standard information investors and regulators expect for such tax-related share transfers.

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

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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^*

Beyman Yaakov

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXEC VP, INSURANCE DIVISION

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		F(1)		7,291.65	D	$1.0525	243,672.35	D
Common Stock	08/20/2025		F(1)		6,878	D	$0.9472	236,794.35	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 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/ Yaakov Beyman	09/02/2025
	** 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.
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.

FAQ

What transactions did Yaakov Beyman report on Form 4 for RELI/RELIW?

The Form 4 reports two dispositions: 7,291.65 shares delivered on 08/01/2025 at $1.0525 and 6,878 shares delivered on 08/20/2025 at $0.9472.

Why were shares delivered by the reporting person according to the Form 4?

The filing states the shares were delivered to pay tax liabilities incident to receipt of a previously reported stock grant and were exempt under applicable rules.

How many shares did Beyman beneficially own after the reported transactions?

After the 08/01/2025 transaction the filing shows 243,672.35 shares beneficially owned; after the 08/20/2025 transaction it shows 236,794.35 shares.

What transaction code is used and what does it indicate?

Both transactions are coded F(1), which the filer explains relates to delivering shares to satisfy tax withholding for a stock grant.

What role does the reporting person hold at the issuer?

The Form 4 identifies the reporting person as a Director and Executive Vice President, Insurance Division.