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Ben Volkow, a director at Urgent.ly Inc. (NASDAQ:ULY), has recently executed a sale of company shares, according to a filing with the Securities and Exchange Commission. The transaction comes as the company’s stock trades near $0.47, having declined over 73% in the past year. According to InvestingPro analysis, the company appears undervalued at current levels. The transactions, which took place on February 18 and 19, involved the sale of 9,000 shares of common stock at weighted average prices ranging from $0.4826 to $0.4854 per share. The total value of these sales amounted to $4,347.
Following these transactions, Volkow’s direct ownership of Urgent.ly shares stands at 357,484. The sales were conducted as part of a pre-established Rule 10b5-1 trading plan, which Volkow adopted in November 2023.
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