Reliance Global (EZRA) Exec VP Beyman Yaakov Receives Award, Sells Shares

What Happened

• Beyman Yaakov, Executive Vice President, Insurance Division at Reliance Global Group, was granted 20,113 restricted shares on June 24, 2026 (award). Several subsequent disposals were reported: tax-withholding transfers and open-market sales. Open-market sales on Aug 3, 2026 totaled 9,120 shares for $34,973 (1,000 @ $3.31 = $3,305; 8,120 @ $3.90 = $31,668). Tax-related share deliveries (to cover taxes) totaled 12,012 shares across multiple dates and reported values of $25,436 (1,498 @ $3.10 = $4,641; 2,212 @ $2.26 = $5,007; 8,302 @ $1.90 = $15,788). The grant itself shows no purchase price (award).

Key Details

• Transaction dates & prices:
  • 2026-06-24: Award of 20,113 restricted shares (price N/A).
  • 2024-07-06: Tax-withholding delivery of 1,498 shares @ $3.10 (reported $4,641).
  • 2026-07-20: Tax-withholding delivery of 2,212 shares @ $2.26 (reported $5,007).
  • 2026-07-30: Tax-withholding delivery of 8,302 shares @ $1.90 (reported $15,788).
  • 2026-08-03: Open-market sale of 1,000 shares @ $3.31 (reported $3,305).
  • 2026-08-03: Open-market sale of 8,120 shares @ $3.90 (reported $31,668).
• Shares disposed vs. awarded: Award = 20,113 shares; total disposals listed = 21,132 shares (includes tax-withholding and open-market sales).
• Shares owned after transaction: not specified in the provided excerpt of the filing — check the full Form 4 for current holdings.
• Footnotes:
  • F1: The 20,113 shares were restricted stock under the 2025 Equity Incentive Plan; original staggered vesting schedule was later modified so that all then-unvested shares vested in full on July 27, 2026.
  • F2: Some disposals represent delivery of shares to satisfy tax withholding related to a previously reported grant and are exempt under Rule 16b-3 (not treated as Section 16(b) short-swing trades).
• Timeliness: The Form 4 was filed on Sept 10, 2026 while the transactions occurred between June–Aug 2026; this filing appears late relative to the usual 2-business-day Form 4 deadline.

Context

• Award vs. sales: The primary reported acquisition was a restricted stock award (a non-cash grant). The open-market sales on Aug 3 were actual cash sales (net proceeds reported ~ $35k). The tax-withholding deliveries (F-coded) are routine with grants and typically reflect shares surrendered to cover taxes rather than indicative sell-off intent.
• For retail investors: awards signal compensation/retention; isolated sales or tax-withholding do not by themselves indicate managerial sentiment. Always check the full Form 4 for total holdings, vesting details, and any related plan documents.