Reliance Global Group director Brickman sells $43k in shares

Published 25/07/2025, 04:16
Reliance Global Group director Brickman sells $43k in shares

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.