Urgent.ly (ULY) Insider Sales: 2,257 Shares Disposed Under 10b5-1 Plan
Rhea-AI Filing Summary
Urgent.ly Inc. (ULY) director Ben Volkow reported sales of common stock under a Rule 10b5-1 trading plan. The Form 4 shows two reported dispositions: 800 shares sold on 09/18/2025 at a weighted-average price of $3.7789 (individual trade prices ranged $3.75–$3.82) and 1,457 shares sold on 09/19/2025 at a weighted-average price of $4.0567 (individual trade prices ranged $3.79–$4.23).
Following these transactions the reporting person beneficially owned 12,136 shares. The filer discloses that the sales were executed pursuant to a 10b5-1 plan adopted on November 20, 2023, and offers to provide breakdowns of shares sold at each price upon request.
Positive
- Sales executed under a Rule 10b5-1 plan, indicating transactions were pre-planned and aimed to provide an affirmative defense to insider trading claims
- Transparent pricing disclosure: filing reports weighted-average prices and price ranges and offers to provide detailed breakdowns on request
Negative
- Reduction in beneficial ownership: the reporting person sold a total of 2,257 shares, leaving 12,136 shares beneficially owned following the transactions
Insights
TL;DR: Insider sales were executed under a pre-established 10b5-1 plan, indicating a rule-compliant disposal of shares.
The Form 4 clearly documents that the sales of 2,257 shares were made under a Rule 10b5-1 trading plan adopted on November 20, 2023. The filing provides weighted-average prices and ranges and offers to provide further breakdowns on request, which supports transparency. From a compliance perspective, the disclosure meets Section 16 reporting requirements and the 10b5-1 affirmative defense disclosure standard.
TL;DR: Director reduced holdings to 12,136 shares via small-volume sales across two days at ~$3.78–$4.06 average prices.
The total disposed amount of 2,257 shares is modest in absolute terms as presented; the filing does not provide context on percentage ownership or company market capitalization, so materiality to shareholders cannot be determined from this Form 4 alone. The precise weighted-average prices and disclosed ranges are useful for trade-level analysis but do not indicate company operational or financial performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,457 | $4.0567 | $6K |
| Sale | Common Stock | 800 | $3.7789 | $3K |
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2023. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.75 to $3.82, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.79 to $4.23, inclusive.