ULY Form 3: Principal Accounting Officer Discloses Shares and Vested Option

Rhea-AI Filing Summary

Andrea Makkai filed an Initial Statement of Beneficial Ownership on behalf of herself as an officer of Urgent.ly Inc. (ULY) for the event dated 08/05/2025. The filing reports 12,218 shares of common stock held directly and an employee stock option exercisable for 5 shares of common stock with a stated exercise price of $1,490.4, exercisable beginning 05/17/2031. The form notes the option shares are fully vested and immediately exercisable. The filing was signed by Matthew Booth by power of attorney on 09/09/2025 and includes Exhibit 24 (Power of Attorney).

Positive

• Officer disclosure provided for transparency: initial Form 3 filed for Andrea Makkai as Principal Accounting Officer
• Direct ownership of 12,218 shares reported, giving investors clarity on insider holdings
• Employee option shares are fully vested and immediately exercisable, as explicitly stated

Negative

• None.

Insights

Financial Analyst

TL;DR: Officer ownership disclosed: direct holding of 12,218 shares and a small vested option; no immediate dilution or major transaction disclosed.

The Form 3 documents initial beneficial ownership by the company's Principal Accounting Officer, reporting 12,218 shares directly owned and an employee stock option covering 5 shares with an exercise price of $1,490.4. The option is described as fully vested and exercisable. This is a routine Section 16 filing to establish baseline disclosure; it does not report purchases, sales, or derivative exercises that would alter outstanding share counts. For investors, the filing primarily provides transparency on insider holdings but does not by itself change company financials or capital structure.

Corporate Governance Expert

TL;DR: Routine governance disclosure establishing an officer's baseline equity stake; signed under power of attorney.

The disclosure identifies Andrea Makkai as an officer (Principal Accounting Officer) and reports her direct ownership position. The inclusion of Exhibit 24 indicates power-of-attorney handling for the filing signature, which is standard. There are no flagged transactions, forfeitures, or derivative expirations beyond a long‑dated exercisable option. From a governance perspective, this Form 3 fulfills Section 16 initial reporting requirements and offers no evidence of unusual insider activity.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Makkai Andrea

(Last) (First) (Middle)

C/O URGENT.LY INC.

44927 GEORGE WASHINGTON BLVD, SUITE 265

(Street)

ASHBURN VA 20147

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2025

3. Issuer Name and Ticker or Trading Symbol
Urgent.ly Inc. [ ULY ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	12,218	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(1)	05/17/2031	Common Stock	5	$1,490.4	D

Explanation of Responses:

1. Shares subject to the option are fully vested and immediately exercisable.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Matthew Booth, by power of attorney	09/09/2025
	** 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 5 (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 Andrea Makkai disclose on Form 3 for Urgent.ly (ULY)?

The Form 3 reports 12,218 shares of common stock owned directly and an employee stock option exercisable for 5 shares with an exercise price of $1,490.4.

What is Andrea Makkai's role at Urgent.ly as listed on the filing?

She is identified as an Officer with the title Principal Accounting Officer.

When is the event date and when was the Form 3 signed?

The event date is 08/05/2025 and the form is signed by Matthew Booth by power of attorney on 09/09/2025.

Are the reported option shares exercisable now?

Yes, the filing states the option shares are fully vested and immediately exercisable; the option lists an exercisable date of 05/17/2031 in the table.

Does the Form 3 report any purchases or sales of securities?

No. The filing reports existing ownership and an option; it does not disclose any purchases or sales.