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

Rhea-AI Filing Summary

Joel Markovits, Chief Financial Officer of Reliance Global Group, Inc., reported two dispositions of common stock to satisfy tax withholding for a previously reported stock grant. On 08/01/2025 he delivered 16,667 shares at a reported price of $1.0525, leaving 343,522.593 shares beneficially owned. On 08/20/2025 he delivered 15,816 shares at $0.9472, leaving 327,706.593 shares beneficially owned. The form states these deliveries were made to pay tax liability and are exempt from Section 16(b) under Rule 16b-3. The Form 4 is signed by Mr. Markovits on 09/02/2025.

Positive

• Transactions disclosed explicitly as tax-withholding deliveries, clarifying the reason for dispositions
• Exemption under Rule 16b-3 is stated, indicating these are routine, grant-related transfers rather than discretionary open-market sales
• Filing includes specific amounts and prices for each disposition, enhancing transparency

Negative

• Beneficial ownership decreased by 15,816 shares on 08/20/2025 and by 16,667 shares on 08/01/2025 (total 32,483 shares), reducing CFO's stake
• Form does not disclose the original grant size or grant date, limiting context for the tax-withholding disposals

Insights

Financial Analyst

TL;DR Insider tax-withholding share deliveries reduced CFO holdings by 32,483 shares across August 2025.

The reported transactions are routine share deliveries to satisfy tax obligations arising from a previously granted stock award. The filing shows two exempt dispositions under Rule 16b-3 on 08/01/2025 (16,667 shares at $1.0525) and 08/20/2025 (15,816 shares at $0.9472), reducing reported beneficial ownership from 343,522.593 to 327,706.593 shares. These are non-trading, administrative dispositions and do not reflect open-market selling for liquidity or company-directed transactions based on the Form 4 description.

Corporate Governance Expert

TL;DR Form 4 documents compliant, exempt dispositions tied to tax withholding for a stock grant.

The disclosure identifies the reporting person as the CFO and specifies the nature of the transactions as share deliveries to cover tax liabilities related to a previously reported grant. The claim of exemption under Rule 16b-3 is explicitly stated, and the form is signed, meeting basic Section 16 reporting requirements. No other governance issues or additional related-party arrangements are disclosed in this filing.

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

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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^*

Markovits Joel

(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)
	Chief Financial Officer

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)		16,667	D	$1.0525	343,522.593	D
Common Stock	08/20/2025		F(1)		15,816	D	$0.9472	327,706.593	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/ Joel Markovits	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 did Joel Markovits (CFO) report on Form 4 for Reliance Global Group (RELIW)?

He reported two dispositions of common stock to satisfy tax liabilities from a prior stock grant: 16,667 shares on 08/01/2025 at $1.0525 and 15,816 shares on 08/20/2025 at $0.9472.

How many shares did the CFO own after the reported transactions?

After the 08/01/2025 disposition the filing reports 343,522.593 shares beneficially owned; after the 08/20/2025 disposition it reports 327,706.593 shares.

Why were the shares disposed of according to the Form 4?

The filing states the shares were delivered to pay tax liability incident to receipt of a previously reported stock grant.

Are these transactions subject to Section 16(b) short-swing profit rules?

The Form 4 states these transactions are exempt from Section 16(b) under Rule 16b-3.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by Joel Markovits on 09/02/2025.