Reliance Global (EZRA) COO Korman Judah Receives Award, Sells Shares

What Happened

• Korman Judah, COO of Reliance Global Group, was granted 21,941 restricted shares on June 24, 2026 under the issuer’s 2025 Equity Incentive Plan. The original staggered vesting schedule was accelerated on July 27, 2026 so all then-unvested shares vested in full.
• Following vesting, Judah delivered a total of 10,721 shares to cover tax liabilities: 1,634 shares on 2026-07-06 at $3.10 ($5,062), 1,772 shares on 2026-07-20 at $2.26 ($4,011), and 7,315 shares on 2026-07-30 at $1.90 ($13,911). Total value of delivered shares ≈ $22,984.
• These were not open-market sell decisions for investment purposes but shares delivered to satisfy tax withholding obligations following a restricted stock award.

Key Details

• Transaction dates and prices:
  • 2026-06-24: Award of 21,941 restricted shares (no cash price).
  • 2026-07-06: 1,634 shares delivered @ $3.10 = $5,062.
  • 2026-07-20: 1,772 shares delivered @ $2.26 = $4,011.
  • 2026-07-30: 7,315 shares delivered @ $1.90 = $13,911.
• Shares owned after the transactions: Not specified in the provided filing data.
• Notable footnotes:
  • F1: Award was a restricted stock grant under the 2025 Equity Incentive Plan; vesting schedule was accelerated and shares vested in full on July 27, 2026.
  • F2: The share deliveries represent payment of tax liability incident to the previously reported grant; these transactions are exempt under Rule 16b-3.
• Filing timeliness: The Form 4 was filed on 2026-09-10 for transactions beginning 2026-06-24, which appears late relative to the typical two-business-day filing requirement.

Context

• These transactions reflect an award and routine tax-withholding share deliveries after vesting, not an open-market sale motivated by trading views. Tax-withholding share deliveries are common when restricted shares vest and are generally administrative rather than a signal of insider sentiment.