James Micali, director of Urgent.ly Inc. (NASDAQ: ULY), a company specializing in computer processing and data preparation, has recently carried out stock transactions, according to the latest SEC filings. On two separate occasions, Micali sold a total of 1,100 shares of the company’s common stock, for an approximate amount of $1,739.
The transactions took place on June 25 and 26, when Micali sold 800 and 300 shares, respectively. The sales were executed under a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. The shares were sold at weighted average prices, with the first lot ranging from $1.51 to $1.62 per share and the second from $1.60 to $1.715 per share.
In addition to the sales, Micali also acquired 77,320 shares in the form of restricted stock units (RSUs), which vest on June 26, 2025 or the date of Urgent.ly Inc’s next annual meeting of shareholders, whichever occurs. first. However, these shares were acquired at no cost and therefore did not contribute to the total value of the transaction.
Following these transactions, Micali’s stake in Urgent.ly Inc. amounts to 572,208 common shares. The company, headquartered in Vienna (Virginia) and incorporated in Delaware, stands out for its services in the technology sector, within the industrial classification of Services-Computer Processing and Data Preparation.
Investors and followers of Urgent.ly Inc. often follow these insider transactions closely as indicators of management’s view on the company’s future prospects. However, it is essential to note that management’s trading activities may be influenced by personal financial management decisions unrelated to the company’s performance.
This article has been generated and translated with the support of AI and reviewed by an editor. For more information, please see our T&C.
