Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RELI | Common Stock | Award | $0 | +162K | +275.59% | $0.00 | 221K | Jun 17, 2024 | Direct | F1, F2 |
transaction | RELI | Common Stock | Tax liability | -$23.8K | -41.4K | -18.76% | $0.57 | 179K | Jun 17, 2024 | Direct | F2, F3 |
Id | Content |
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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 | Share and dollar amounts do not reflect the issuer's 1-for-17 reverse stock split that was effectuated on July 1, 2024. After giving effect to such reverse stock split, the reporting person beneficially owned 10,551 shares of the issuer's common stock following the transaction reported on this Form 4. |
F3 | Represents the payment of tax liability by delivering securities incident to the receipt of the June 17, 2024 grant of 162,000 (on a pre-reverse stock split basis) 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. |