Urgent.ly director shares tendered at $5.50
Urgent.ly Inc. director Suzie Doran reported disposing of her common stock in connection with the company’s cash merger.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,226 | $0.00 | $0.00 |
| Tender Offer | Common Stock | 7,229 | $0.00 | $0.00 |
Footnotes (6)
- F1. Excludes 396 shares of Issuer common stock that were inadvertently included in prior reports due to an administrative error.
- F2. 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").
- F3. 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").
- F4. The shares are represented by restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock.
- F5. Includes 393 shares of Issuer common stock that were inadvertently excluded in prior reports due to an administrative error.
- F6. 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
Key Terms
Agreement and Plan of Merger regulatory
tender offer financial
restricted stock units ("RSUs") financial
Offer Price financial
FAQ
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What did Suzie Doran report in this Urgent.ly (ULYX) Form 4 filing?
How were Suzie Doran’s Urgent.ly (ULYX) restricted stock units (RSUs) treated in the merger?
Did the Form 4 note any corrections to Suzie Doran’s previously reported Urgent.ly (ULYX) holdings?
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