Joel Markovits - 02 Jan 2024 Form 4 Insider Report for Reliance Global Group, Inc. (RELI)

Signature
/s/ Joel Markovits
Issuer symbol
RELI
Transactions as of
02 Jan 2024
Net transactions value
-$43,283
Form type
4
Filing time
16 Jul 2024, 15:39:00 UTC
Previous filing
05 Jan 2024
Next filing
23 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELI Common Stock Award $0 +2,666 +4% $0.000000 69,360 02 Jan 2024 Direct F1, F2
transaction RELI Common Stock Tax liability $56.67 -109 -0.16% $0.5199 69,251 10 Jan 2024 Direct F2, F3
transaction RELI Common Stock Tax liability $56.07 -122 -0.18% $0.4596 69,129 02 Feb 2024 Direct F2, F4
transaction RELI Common Stock Tax liability $58.08 -121 -0.18% $0.4800 69,008 06 Mar 2024 Direct F2, F4
transaction RELI Common Stock Tax liability $45.72 -131 -0.19% $0.3490 68,877 11 Apr 2024 Direct F2, F4
transaction RELI Common Stock Tax liability $40.09 -156 -0.23% $0.2570 68,721 21 May 2024 Direct F2, F4
transaction RELI Common Stock Tax liability $39.34 -149 -0.22% $0.2640 68,572 07 Jun 2024 Direct F2, F4
transaction RELI Common Stock Award $0 +185,000 +270% $0.000000 253,572 17 Jun 2024 Direct F1, F2
transaction RELI Common Stock Tax liability $24,012 -41,869 -17% $0.5735 211,703 17 Jun 2024 Direct F2, F5
transaction RELI Common Stock Sale $18,976 -27,000 -13% $0.7028 184,338 18 Jun 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.