Urgent.ly (ULY) director cashes out in $5.50-per-share tender offer
Rhea-AI Filing Summary
Urgent.ly Inc. director Alexandre Zyngier fully exited his common stock position in connection with the company’s merger with Agero, Inc. Under the Merger Agreement, a subsidiary of Agero completed a tender offer and then merged into Urgent.ly effective as of April 28, 2026.
Each share of Urgent.ly common stock was exchanged for $5.50 in cash, without interest and subject to withholding taxes. Zyngier disposed of shares through the tender offer and a subsequent disposition to the issuer, leaving him with 0 shares of common stock after the transactions.
The disposed shares were represented by restricted stock units (RSUs). At the effective time of the merger, all RSUs vested in full and were cancelled in return for a cash payment equal to $5.50 times the number of shares subject to each RSU award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,943 | $0.00 | -- |
| U | Common Stock | 556 | $0.00 | -- |
Footnotes (1)
- This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger entered into by and among the Issuer, Agero, Inc. ("Parent") and Medford Hawk, Inc., a wholly-owned subsidiary of Parent ("Purchaser"), dated as of March 13, 2026 (the "Merger Agreement"), pursuant to which the Purchaser completed a tender offer for the shares of Issuer common stock and thereafter merged with and into the Issuer effective as of April 28, 2026 (the "Effective Time"). Pursuant to the Merger Agreement, each share of Issuer common stock was tendered in exchange for $5.50 in cash, without interest and subject to any applicable withholding taxes (the "Offer Price"). The shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock. Pursuant to the Merger Agreement and at the Effective Time, each RSU accelerated vesting in full and was cancelled in exchange for the right to receive an amount in cash, without interest and subject to withholding for all required taxes, equal to the product obtained by multiplying (i) the Offer Price by (ii) the total number of shares of Issuer common stock subject to the RSUs.