Yaakov Beyman - Jun 17, 2024 Form 4 Insider Report for Reliance Global Group, Inc. (RELI)

Signature
/s/ Yaakov Beyman
Stock symbol
RELI
Transactions as of
Jun 17, 2024
Transactions value $
-$23,750
Form type
4
Date filed
7/16/2024, 01:56 PM
Previous filing
Dec 29, 2023
Next filing
Jun 21, 2024

Transactions Table

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
* 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 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.