Reliance Global (EZRA) CEO Ezra Beyman Receives Award and Sells Shares

What Happened

• Ezra Beyman, Chairman, CEO and Director of Reliance Global Group, Inc. (EZRA), received a grant of 151,575 restricted shares on June 24, 2026.
• Subsequent transactions show Beyman delivered (disposed) a total of 64,429 shares across three dates to satisfy tax/payment obligations: 9,828 shares on July 6, 10,651 shares on July 20, and 43,950 shares on July 30. The reported cash values of those disposals were $30,449, $24,109 and $83,580 respectively (combined ≈ $138,138).
• The disposals were not open-market sales for investment purposes but were reported as payment of exercise price or tax liability (code F).

Key Details

• Transaction dates and prices:
  • 2026-06-24: Award/Grant of 151,575 restricted shares (code A). Price: N/A (grant).
  • 2026-07-06: Delivered 9,828 shares @ $3.10 to satisfy tax/payment (Disposed; $30,449).
  • 2026-07-20: Delivered 10,651 shares @ $2.26 to satisfy tax/payment (Disposed; $24,109).
  • 2026-07-30: Delivered 43,950 shares @ $1.90 to satisfy tax/payment (Disposed; $83,580).
• Shares owned after transaction: Not specified in the provided filing excerpts.
• Relevant footnotes:
  • F1: The 151,575 shares were granted under the 2025 Equity Incentive Plan as restricted stock; original vesting was staggered but on July 27, 2026 the issuer accelerated vesting of all then-unvested shares so they vested in full on that date.
  • F2: The disposals represent delivery of securities to pay tax liability incident to the grant; these payments are exempt from Section 16(b).
  • F3/F4: Some holdings reported are held by related entities (YES Americana Group, LLC and Reliance Global Holdings, LLC) controlled by Beyman and/or his spouse.
• Filing timeliness: The Form 4 was filed on Sept 10, 2026 reporting transactions beginning June 24, 2026; this appears to be a late filing under Section 16 timing rules.

Context

• These transactions reflect a restricted stock award followed by share surrenders to cover tax obligations (not open-market selling). That typically indicates routine tax withholding rather than a directional trade signal.
• Code legend: A = Award/Grant; F = payment of exercise price or tax liability (surrender of shares).