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

Rhea-AI Filing Summary

Ezra Beyman, Chairman and CEO of Reliance Global Group, Inc., reported multiple stock transactions and a large equity grant on Form 4. The filing shows a 717,775-share award granted under the companys 2025 Equity Incentive Plan, approved by an independent compensation committee, vesting in eight equal bimonthly installments from October 15, 2025 through January 31, 2026. The report also discloses several dispositions: delivery of 18,863.25, 22,636.75, and 21,345 shares to satisfy tax or sale obligations at prices of $1.4198, $1.0525, and $0.9472, respectively. Following the grant, beneficial ownership rises to 1,002,104.747 shares, held directly and indirectly through entities controlled by Beyman and his spouse.

Positive

• 717,775-share equity grant approved by an independent compensation committee, indicating formal governance review
• Vesting schedule of the grant in eight equal bimonthly installments (Oct 15, 2025Jan 31, 2026) aligns executive incentives with future performance
• Clear disclosure of direct and indirect holdings via related entities providing transparency on beneficial ownership

Negative

• Multiple share dispositions (totaling 62,845 shares across listed transactions) reduced direct holdings prior to the grant
• Significant immediate dilution of reported beneficial ownership prior to vesting because the 717,775 shares are unvested and subject to future vesting conditions

Insights

Corporate Governance Expert

TL;DR: Large equity award disclosed; independent committee approved grant; multiple dispositions include tax-related share delivery.

The filing documents a substantial equity grant of 717,775 shares approved by a committee of independent directors, which supports formal governance procedures for executive compensation. The grants staged vesting over eight bimonthly installments aligns with customary retention practices. Dispositions include shares delivered to satisfy tax liabilities, explicitly described as exempt under Rule 16b-3, which is standard for stock-based compensation. Beneficial ownership is reported with both direct and indirect holdings through related entities, providing transparency on family-controlled interests.

Compensation Analyst

TL;DR: A material, time-vesting equity award materially increases executives reported ownership, reinforcing alignment with shareholders.

The 717,775-share grant materially increases the reporting persons post-transaction beneficial ownership to just over 1.0 million shares. Vesting in eight bimonthly installments beginning October 15, 2025, creates a near-term retention schedule that could influence executive incentives through early 2026. The explanations show tax-withholding via share delivery for previously reported awards, a common compensation mechanism that reduced the immediate share count. All actions are reported under applicable Rule 16b-3 provisions.

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^*

Beyman Ezra

(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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2025

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	07/16/2025		F(1)		18,863.25	D	$1.4198	284,329.747	D
Common Stock	07/18/2025		A		717,775(2)	A	$0	1,002,104.747	D
Common Stock	08/01/2025		F(1)		22,636.75	D	$1.0525	979,467.997	D
Common Stock	08/20/2025		F(1)		21,345	D	$0.9472	958,122.997	D
Common Stock	03/26/2025		G		12,000	D	$0	472	I	By YES Americana Group, LLC(3)
Common Stock								7	I	By Reliance Global Holdings, LLC(4)

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").

2. Represents the grant of 717,775 shares of common stock, approved by the compensation committee, comprised solely of independent directors, of the issuer's board of directors and issued pursuant to the Reliance Global Group Inc. 2025 Equity Incentive Plan in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The grant vests in 8 equal bimonthly installments beginning October 15, 2025 and ending on January 31, 2026.

3. Held by YES Americana Group, LLC. YES Americana Group, LLC is an entity controlled by Ezra Beyman's spouse.

4. Held by Reliance Global Holdings, LLC, an entity controlled by Ezra Beyman and his spouse.

	/s/ Ezra 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.
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FAQ

What did Ezra Beyman report on the Form 4 for Reliance Global Group (RELI)?

The Form 4 shows a 717,775-share grant, multiple share dispositions to satisfy tax or sale obligations, and post-grant beneficial ownership of 1,002,104.747 shares.

When does the 717,775-share grant vest?

The grant vests in 8 equal bimonthly installments beginning October 15, 2025 and ending January 31, 2026.

Were any shares delivered to cover taxes or withheld?

Yes. The filing explains delivery of shares to pay tax liabilities, including 18,863.25, 22,636.75, and 21,345 shares on the dates reported.

How are Beymans holdings held indirectly?

Certain shares are held indirectly by YES Americana Group, LLC (controlled by his spouse) and Reliance Global Holdings, LLC (controlled by Beyman and his spouse).

Is the equity grant exempt from Section 16(b) short-swing profit rules?

The filing states the stock delivery for tax payment and the grant were issued in accordance with Rule 16b-3, indicating exemption from Section 16(b) treatment for those transactions.