Urgent.ly Inc. (NASDAQ:ULY) CEO Ben Volkow recently sold a total of 2,400 shares of the company’s stock, according to the latest SEC filings. The transactions, carried out within the framework of a pre-established trading plan, consisted of the sale of shares in multiple transactions for a combined total value of more than $4,300.
The first series of transactions involved the sale of 1,400 shares at weighted average prices ranging from $1.85 to $1.87, yielding a total value of approximately $2,600. The second series, carried out a few days later, consisted of the sale of 1,000 shares at weighted average prices between $1.76 and $1.85, for a total of about $1,800.
Following these sales, Volkow’s remaining interest in Urgent.ly Inc. amounts to 520,466 common shares. The transactions took place under a Rule 10b5-1 trading plan, which was adopted by Volkow on November 20, 2023. This plan allows company insiders to establish pre-arranged plans to buy or sell shares at a predetermined time to avoid accusations of insider trading.
Investors and the market often monitor insider sales as they can provide insight into an insider’s perspective on the current valuation and future prospects of the company. Urgent.ly Inc., a company in the computer processing and data preparation industry, has not provided any additional comment on the transactions.
The SEC filing indicates that complete information regarding the number of shares sold at each separate price within the indicated ranges will be provided upon request. This transparency is in line with regulatory requirements and provides shareholders with a clearer picture of insider trading activities.
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