Urgent.ly (ULYX) director’s shares tendered and cancelled at $5.50 cash price
Rhea-AI Filing Summary
Urgent.ly Inc. director Ryan Pollock reported dispositions of common stock tied to the company’s cash merger with Agero, Inc. Shares were tendered and then cancelled in connection with a tender offer and subsequent merger that became effective as of April 28, 2026.
According to the filing, a block of common shares was first disposed of pursuant to the tender offer, followed by a final disposition to the issuer, leaving no reported direct holdings. Each share of Urgent.ly common stock was exchanged for $5.50 in cash, subject to applicable tax withholding.
The filing also notes that the disposed securities included shares represented by restricted stock units. At the merger’s effective time, each RSU fully vested and was cancelled in return for a cash payment equal to $5.50 multiplied by the number of underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,226 | $0.00 | -- |
| U | Common Stock | 7,885 | $0.00 | -- |
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.