Beyman Yaakov 4

What Happened Beyman Yaakov, Executive Vice President of the Insurance Division at Reliance Global Group, disposed of shares to satisfy tax withholding related to a previously reported stock grant. On 2025-09-03 he delivered 2,181 shares at $0.88 each ($1,928), and on 2025-09-15 he delivered 75,140 shares at $0.87 each ($65,725). These transactions are dispositions to cover taxes rather than open-market investment sales.

Key Details

• Transaction dates and prices:
  • 2025-09-03: 2,181 shares @ $0.88 — $1,928
  • 2025-09-15: 75,140 shares @ $0.87 — $65,725
  • Total: 77,321 shares for ~$67,653
• Transaction code: F — payment of tax liability by delivering shares (withholding).
• Footnote: The shares were delivered incident to a previously reported stock grant issued under Rule 16b-3; the transactions are exempt from Section 16(b).
• Shares owned after the transaction: Not specified in the information provided.
• Filing timeliness: Form 4 was filed on 2026-03-12, approximately six months after the September 2025 transactions (this appears to be a late filing, reducing near-term transparency).

Context These were tax-withholding dispositions (often called "sell-to-cover" or delivery of shares to satisfy taxes) related to a stock grant, not discretionary open-market sales. Such transactions are routine for executives receiving equity compensation and do not necessarily signal a view on the company's prospects.