Reliance Global (EZRA) CFO Joel Markovits Receives Award and Sells Shares

What Happened
Joel Markovits, Chief Financial Officer of Reliance Global Group, received a restricted stock award of 23,039 shares on June 24, 2026. The award’s vesting schedule was accelerated and the remaining unvested shares vested in full on July 27, 2026. Following vesting, Markovits delivered a total of 13,710 shares to satisfy tax withholding (2,080 on 7/6; 2,255 on 7/20; 9,375 on 7/30) valued at $29,376, and sold 9,329 shares in an open‑market transaction on 8/3/2026 for $2.55/share, netting $23,743. Together these transactions account for all 23,039 granted shares (total value reported across dispositions ≈ $53,119).

Key Details

• Transactions:
  • 2026-06-24: Award of 23,039 restricted shares (Grant; code A).
  • 2026-07-06: 2,080 shares delivered for tax (code F) @ $3.10 — $6,444.
  • 2026-07-20: 2,255 shares delivered for tax (code F) @ $2.26 — $5,104.
  • 2026-07-30: 9,375 shares delivered for tax (code F) @ $1.90 — $17,828.
  • 2026-08-03: Open‑market sale (code S) of 9,329 shares @ $2.55 — $23,743.
• Shares from the June 24 grant (23,039) were fully surrendered/sold as above; the filing does not report remaining shares from that specific grant.
• Footnotes: F1 — grant under the Issuer’s 2025 Equity Incentive Plan; vesting accelerated to July 27, 2026. F2 — share deliveries were tax withholding by delivering securities and are exempt under Rule 16b‑3/Section 16(b).
• Filing/timeliness: Form filed Sep 10, 2026 for transactions June–Aug 2026; this appears late relative to the usual 2‑business‑day Form 4 requirement for insiders.

Context
These transactions reflect a restricted stock grant that vested (accelerated) and then routine tax‑withholding (shares surrendered) plus an open‑market sale of the remaining shares. Tax‑withholding and subsequent sales after vesting are common and do not necessarily indicate management sentiment about the company. Note the filing date is substantially after the transaction dates, which may be a late Form 4 filing.