Gold prices just lower; monthly gains on track
Sheldon Brickman, a director of Reliance Global Group, Inc. (NASDAQ:RELI), sold 15,236 shares of common stock on June 18, 2025, at a price of $2.8248, for a total value of $43,038. The stock, which currently trades at $1.39 with a market capitalization of $4.14 million, has shown significant price volatility according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Brickman also acquired 66,486 shares of common stock on July 18, 2025, at no cost. This grant was made pursuant to the Reliance Global Group, Inc. 2025 Equity Incentive Plan and vests fully on July 23, 2025. Following these transactions, Brickman directly owns 114,981 shares of Reliance Global Group. The company, which InvestingPro analysis indicates is currently undervalued, has an upcoming earnings announcement on July 25, 2025. Get access to 12 additional ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Reliance Global Group has made several notable announcements. The company has approved adjustments to director compensation, increasing the annual cash compensation for non-employee directors, with specific amounts set for committee chairs. Additionally, Reliance Global Group has amended its Revolving Credit Facility Agreement with YES Americana Group, raising the loan commitment to $2 million from the previous $600,000. In another development, the company has filed financial statements related to its proposed acquisition of Spetner Associates, including both audited and unaudited consolidated financial statements. Furthermore, Reliance Global Group has signed a non-binding Letter of Intent to sell its subsidiary, Fortman Insurance Agency, for $5 million in cash, which is above the original acquisition cost. The company also announced its decision to withdraw its S-1 registration statement, halting plans for a public offering. These developments reflect a range of strategic and financial adjustments by Reliance Global Group.
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