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Urgent.ly Inc.·4

Jan 29, 5:00 PM ET

Pollock Ryan 4

Research Summary

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Updated

Urgent.ly (ULY) Director Pollock Ryan Disposes 76,735 Shares

What Happened

  • Pollock Ryan, a director of Urgent.ly, reported multiple transactions tied to holdings managed through an Iron Gate entity. The filing shows a 76,735-share disposition on 2025-08-29 at $0.00 (no cash proceeds) and a small acquisition of 656 shares the same day also at $0.00. He also received an award of 833 restricted stock units (RSUs) on 2026-01-28 at $0.00. All dollar values reported are $0 because the transfers were distributions/awards rather than cash sales/purchases.

Key Details

  • Transaction dates and types:
    • 2025-08-29: Two "J" code transactions — acquisition of 656 shares and disposition of 76,735 shares, both reported at $0.00 (pro rata distribution by Iron Gate Management LLC).
    • 2026-01-28: "A" code award — 833 RSUs granted at $0.00; RSUs vest on the earlier of Jan 28, 2027 or the issuer's next annual meeting (per footnote).
  • Price/value: All reported at $0.00; total reported cash value = $0.
  • Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
  • Filing timeliness: The Aug 29, 2025 transactions were reported in a Form 4 filed on 2026-01-29, which is late relative to the usual two-business-day rule; the Jan 28, 2026 award was reported contemporaneously on 2026-01-29.
  • Notable footnotes:
    • F1: The Aug 29 transfers reflect a pro rata distribution by Iron Gate Management LLC to its members for no consideration.
    • F2: A 1-for-12 reverse stock split effective March 17, 2025—reported amounts have been adjusted.
    • F3: The 833 shares are RSUs that vest by Jan 28, 2027 or at the next annual meeting.
    • F4: Shares are held of record by Iron Gate Urgently, LLC; as a member of the managing committee, Ryan shares investment and voting control for those record-held shares.

Context

  • These transactions appear to be entity-level distributions and an RSU award, not open-market buys or cash sales. Distributions for no consideration and awards generally reflect ownership/organizational changes or compensation mechanics rather than a director signaling a buy or sell decision. Because the shares tied to the large transfer were held of record by an LLC and Ryan shares control, the filing reflects changes in record ownership/control rather than a straightforward personal sale.