Ezra Beyman - 16 Sep 2022 Form 4/A Insider Report for Reliance Global Group, Inc. (RELI)

Role
Chairman and CEO, Director
Signature
/s/ Ezra Beyman
Issuer symbol
RELI
Transactions as of
16 Sep 2022
Net transactions value
+$52,567
Form type
4/A
Filing time
28 Jun 2024, 06:06:37 UTC
Date Of Original Report
30 May 2024
Previous filing
15 Sep 2022
Next filing
28 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELI Common Stock Award $0 +168,000 +439% $0.000000 206,268 27 Dec 2023 Direct F1, F2
transaction RELI Common Stock Tax liability $40,656 -88,382 -43% $0.4600 117,886 27 Dec 2023 Direct F3
transaction RELI Common Stock Purchase $50,220 +186,000 +158% $0.2700 303,886 30 May 2024 Direct
transaction RELI Common Stock Gift $0 -3,667 -1.3% $0.000000 289,390 16 Sep 2022 By Reliance Global Holdings, LLC F4, F5
transaction RELI Common Stock Other $0 -289,277 -100% $0.000000 113 23 Apr 2023 By Reliance Global Holdings, LLC F5, F6
transaction RELI Common Stock Other $43,003 +66,743 $0.6443 66,743 13 Feb 2023 By YES Americana Group, LLC F7, F8
transaction RELI Common Stock Other $0 +289,277 +433% $0.000000 356,021 23 Apr 2023 By YES Americana Group, LLC F6, F8
transaction RELI Common Stock Gift $0 -15,000 -4.2% $0.000000 341,021 28 Jun 2023 By YES Americana Group, LLC F4, F8
transaction RELI Common Stock Gift $0 -15,000 -4.4% $0.000000 326,021 11 Dec 2023 By YES Americana Group, LLC F4, F8
transaction RELI Common Stock Gift $0 -15,000 -4.6% $0.000000 311,021 11 Dec 2023 By YES Americana Group, LLC F4, F8
transaction RELI Common Stock Gift $0 -6,000 -1.9% $0.000000 305,021 11 Dec 2023 By YES Americana Group, LLC F4, F8
transaction RELI Common Stock Gift $0 -39,000 -13% $0.000000 266,021 14 Dec 2023 By YES Americana Group, LLC F4, F8
transaction RELI Common Stock Gift $0 -3,000 -1.1% $0.000000 263,021 14 Dec 2023 By YES Americana Group, LLC F4, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RELI Common Stock Other $0 +190,917 $0.000000 190,917 07 Feb 2023 Common Stock 190,917 $0.6443 By YES Americana Group, LLC F8, F9, F10
transaction RELI Common Stock Conversion of derivative security $0 +66,743 $0.000000* 0 13 Feb 2023 Common Stock 66,743 $0.6443 By YES Americana Group, LLC F8, F10, F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of shares of common stock approved by the compensation committee, comprised solely of independent directors, of the issuer's board of directors and issued in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F2 All share amounts and conversion prices reported on this Form 4 have been adjusted to give effect to the February 23, 2023 1-for-15 reverse stock split of the issuer's common stock.
F3 Represents the payment of tax liability by delivering securities incident to the receipt of the December 27, 2023 grant of 168,000 shares of common stock reported on this Form 4, which was issued in accordance with Rule 16b-3. This transaction is exempt from Section 16(b) of the Exchange Act.
F4 Bona fide gift.
F5 Reliance Global Holdings, LLC ("Holdings") is an entity controlled by Ezra Beyman and his spouse.
F6 Represents the transfer of shares of common stock from Holdings to YES Americana Group, LLC ("YES Americana").
F7 Represents the acquisition of shares of the issuer's common stock upon partial conversion of the Note (as hereinafter defined).
F8 YES Americana is an entity controlled by Mr. Beyman's spouse.
F9 Represents the acquisition by YES Americana of the right to acquire shares of the issuer's common stock upon conversion of a promissory note, as amended, issued by the issuer in favor of YES Americana (the "Note").
F10 The Note can be converted so long as any amount thereunder is outstanding.
F11 On February 13, 2024, YES Americana effectuated a partial conversion of the Note into an aggregate of 66,743 shares of the issuer's common stock.
F12 Immediately following the partial conversion of the Note on February 13, 2024, YES Americana had the right to acquire 124,174 shares of the issuer's common stock upon conversion of the remaining amounts due under the Note. Subsequently, the issuer paid the remaining amounts due under the Note, such that no shares were issuable under the Note.