Urgent.ly Inc. (NASDAQ:ULY), a company specializing in computer processing and data preparation services, recently disclosed a series of transactions made by director Ben Volkow. The report showed that Volkow sold a total of 1,000 shares of Urgent.ly Inc. for a combined value of approximately $1,694.
The sales took place over two days, with 300 shares sold at an average price of $1.6636 on June 26, and 700 shares at an average price of $1.7071 on June 27. The shares sold on June 26 were part of multiple transactions ranging from $1.60 to $1.715. On June 27, shares were also sold in multiple transactions, with prices ranging between $1.70 and $1.73.
In addition to the sales, Volkow also acquired 77,320 shares of Urgent.ly Inc. common stock on June 26. These shares are represented by restricted stock units (RSUs) and are subject to vesting conditions. According to the notice, the RSUs will vest on June 26, 2025 or the date of the company’s next annual meeting of shareholders, whichever occurs first.
The transactions were carried out pursuant to a 10b5-1 trading plan, adopted by Volkow on November 20, 2023. Such plans allow company insiders to establish pre-planned transactions to sell shares in a predetermined time, which may provide a defense against insider trading claims.
Following the reported transactions, Volkow’s stake in Urgent.ly Inc. amounts to 571,508 shares. The company’s shares are listed on the NASDAQ under the symbol ULY. Urgent.ly Inc. is headquartered in Vienna, Virginia, and incorporated in Delaware.
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