Reliance Global (EZRA) Director Ben Fruchtzweig Receives Award, Sells Shares

What Happened

• Director Ben Fruchtzweig received a restricted stock award (7,168 shares) on June 24, 2026 under the company's 2025 Equity Incentive Plan. After acceleration of the vesting schedule on July 27, 2026, he disposed of shares to cover tax liabilities and sold shares in the open market. The filing reports tax-withholding deliveries (1,887 shares) and an open-market sale of 7,448 shares at $4.08 each ($30,354), for total reported proceeds of about $34,398 (tax withholdings totaled ~$4,044).

Key Details

• Award: 7,168 restricted shares granted 2026-06-24 under the 2025 Equity Incentive Plan (original staggered vesting; all unvested shares accelerated to vest on 2026-07-27). (Footnote F1)
• Tax-withholding dispositions (code F):
  • 2026-07-06: 287 shares @ $3.10 = $889
  • 2026-07-20: 312 shares @ $2.26 = $706
  • 2026-07-30: 1,288 shares @ $1.90 = $2,449
  • These represent delivery of shares to satisfy tax liabilities related to the grant and are exempt from Section 16(b) (Footnote F2).
• Open-market sale (code S):
  • 2026-08-03: 7,448 shares sold @ $4.08 = $30,354.
• Total shares disposed in this filing: 9,335; total proceeds reported: ~$34,398.
• Shares owned after the reported transactions: not disclosed in the information provided.
• Filing/Timing: Report filed 2026-09-10 for a period starting 2026-06-24. This Form 4 was filed months after the transactions (i.e., late relative to the usual 2-business-day Form 4 requirement).

Context

• A = restricted stock award; F = delivery of shares to satisfy tax withholding; S = open-market sale. Tax-withholding share deliveries are routine and typically exempt from short-swing profit rules under Rule 16b-3. The award plus subsequent sales here reflect vesting and routine liquidity/tax actions rather than a direct cash purchase by the insider.