Urgent.ly (ULYX) director disposes all shares in $5.50 cash merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Urgent.ly Inc. director Suzie Doran reported disposing of her common stock in connection with the company’s cash merger. On April 25, 2026, 7,229 shares of common stock were disposed of pursuant to a tender offer under the Agreement and Plan of Merger.
On April 28, 2026, a further 1,226 shares were disposed of to the issuer at the merger’s effective time, leaving Doran with 0 shares reported as directly owned. Under the merger terms, each share and each RSU was cashed out at $5.50 per share, with RSUs fully vesting and converting into cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Doran Suzie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,226 | $0.00 | -- |
| U | Common Stock | 7,229 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- Excludes 396 shares of Issuer common stock that were inadvertently included in prior reports due to an administrative error. 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. Includes 393 shares of Issuer common stock that were inadvertently excluded in prior reports due to an administrative error. 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.
Key Figures
Tender-offer disposition: 7,229 shares
Issuer disposition at merger: 1,226 shares
Offer Price: $5.50 per share
+1 more
4 metrics
Tender-offer disposition
7,229 shares
Common Stock disposed of on April 25, 2026 via tender offer
Issuer disposition at merger
1,226 shares
Common Stock disposed of to issuer on April 28, 2026
Offer Price
$5.50 per share
Cash paid for each Urgent.ly common share under the Merger Agreement
Shares held after transactions
0 shares
Total common shares directly owned by Suzie Doran after April 28, 2026
Key Terms
Agreement and Plan of Merger, tender offer, restricted stock units ("RSUs"), Offer Price
4 terms
Agreement and Plan of Merger regulatory
"pursuant to the terms of the Agreement and Plan of Merger entered into by and among the Issuer, Agero, Inc. ("Parent")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
tender offer financial
"pursuant to which the Purchaser completed a tender offer for the shares of Issuer common stock"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
restricted stock units ("RSUs") financial
"The shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Offer Price financial
"equal to the product obtained by multiplying (i) the Offer Price by (ii) the total number of shares"
The offer price is the amount per share that a company or underwriter sets when selling new stock or bonds to investors, like the price tag on an item in a store. It matters because it determines how much investors must pay, shapes the initial market value of the security, and influences whether demand will be strong or weak — which affects early trading performance and potential returns.
FAQ
What did Suzie Doran report in this Urgent.ly (ULYX) Form 4 filing?
The Form 4 shows director Suzie Doran disposed of all reported Urgent.ly Inc. common shares in connection with a cash merger. Shares were tendered and then cancelled, with consideration paid in cash under a previously signed merger agreement and related tender offer.
How were Suzie Doran’s Urgent.ly (ULYX) restricted stock units (RSUs) treated in the merger?
At the merger’s effective time, each RSU accelerated vesting in full and was cancelled for cash. The cash payment equaled $5.50 multiplied by the total number of Urgent.ly common shares underlying the RSUs, paid without interest and subject to required tax withholding.
Did the Form 4 note any corrections to Suzie Doran’s previously reported Urgent.ly (ULYX) holdings?
Yes. Footnotes explain that prior reports inadvertently included 396 shares and inadvertently excluded 393 shares of Urgent.ly common stock due to administrative errors. These adjustments clarify the historical share counts reflected in earlier filings, but the current Form 4 reports zero shares remaining.