Urgent.ly director’s shares cashed out at $5.50
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
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.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pollock Ryan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,226 | $0.00 | $0.00 |
| Tender Offer | Common Stock | 7,885 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
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
Tender-offer disposition: 7,885 shares
Final disposition to issuer: 1,226 shares
Offer Price: $5.50 per share
+1 more
4 metrics
Tender-offer disposition
7,885 shares
Common stock disposed pursuant to tender offer on April 25, 2026
Final disposition to issuer
1,226 shares
Common stock disposed to issuer on April 28, 2026
Offer Price
$5.50 per share
Cash paid for each Urgent.ly common share under merger agreement
Holdings after transaction
0 shares
Direct Urgent.ly common stock reported after all dispositions
Key Terms
Agreement and Plan of Merger, tender offer, restricted stock units ("RSUs"), Offer Price, +1 more
5 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."
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"
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
"each share of Issuer common stock was tendered in exchange for $5.50 in cash ... (the "Offer Price")"
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.
Effective Time regulatory
"merged with and into the Issuer effective as of April 28, 2026 (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Urgent.ly (ULY) director Ryan Pollock report?
Ryan Pollock reported disposing of Urgent.ly common stock in two transactions linked to a tender offer and merger. Shares were first tendered, then remaining shares were surrendered to the issuer, resulting in no reported direct ownership after completion.
How were Ryan Pollock’s restricted stock units in Urgent.ly (ULY) treated?
Pollock’s restricted stock units fully vested at the merger’s effective time and were then cancelled. For each unit, he became entitled to a cash payment equal to $5.50 multiplied by the number of underlying Urgent.ly common shares, subject to required tax withholding.
What corporate transaction triggered these Urgent.ly (ULY) insider dispositions?
The dispositions occurred in connection with Urgent.ly’s merger with Agero, Inc. via its subsidiary Medford Hawk, Inc. A tender offer for Urgent.ly shares was completed, followed by a merger in which the subsidiary was combined with Urgent.ly effective April 28, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
