Joel Markovits - Jan 2, 2024 Form 4 Insider Report for Reliance Global Group, Inc. (RELI)

Signature
/s/ Joel Markovits
Stock symbol
RELI
Transactions as of
Jan 2, 2024
Transactions value $
-$43,283
Form type
4
Date filed
7/16/2024, 03:39 PM
Previous filing
Jan 5, 2024
Next filing
Jul 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELI Common Stock Award $0 +2.67K +4% $0.00 69.4K Jan 2, 2024 Direct F1, F2
transaction RELI Common Stock Tax liability -$57 -109 -0.16% $0.52 69.3K Jan 10, 2024 Direct F2, F3
transaction RELI Common Stock Tax liability -$56 -122 -0.18% $0.46 69.1K Feb 2, 2024 Direct F2, F4
transaction RELI Common Stock Tax liability -$58 -121 -0.18% $0.48 69K Mar 6, 2024 Direct F2, F4
transaction RELI Common Stock Tax liability -$46 -131 -0.19% $0.35 68.9K Apr 11, 2024 Direct F2, F4
transaction RELI Common Stock Tax liability -$40 -156 -0.23% $0.26 68.7K May 21, 2024 Direct F2, F4
transaction RELI Common Stock Tax liability -$39 -149 -0.22% $0.26 68.6K Jun 7, 2024 Direct F2, F4
transaction RELI Common Stock Award $0 +185K +269.79% $0.00 254K Jun 17, 2024 Direct F1, F2
transaction RELI Common Stock Tax liability -$24K -41.9K -16.51% $0.57 212K Jun 17, 2024 Direct F2, F5
transaction RELI Common Stock Sale -$19K -27K -12.78% $0.70 184K Jun 18, 2024 Direct F2, F6
* 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 (the "Reverse Split").
F3 Represents the payment of tax liability by delivering securities incident to the receipt of a previously reported stock grant, which was issued in accordance with Rule 16b-3. This transaction is exempt from Section 16(b) of the Exchange Act.
F4 Represents the payment of tax liability by delivering securities incident to the receipt of the January 2, 2024 grant of 2,666 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.
F5 Represents the payment of tax liability by delivering securities incident to the receipt of the June 17, 2024 grant of 185,000 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.
F6 The number of shares beneficially owned by the reporting person has been updated to account for certain prior rounding issues. After giving effect to the Reverse Split, the reporting person beneficially owned 10,844 shares of the issuer's common stock following the transactions reported on this Form 4.