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3: Initial statement of beneficial ownership of securities-Director Fruchtzweig Ben

SEC ·  Jul 18 20:11
Summary by Futu AI
Ben Fruchtzweig, a director and 10% owner of Reliance Global Group, Inc. (RELI), filed an Initial Statement of Beneficial Ownership of Securities with the SEC on July 18, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, indicates Fruchtzweig's direct ownership of common stock in the company. The form, known as SEC Form 3, reveals that Fruchtzweig owns 15 shares of common stock directly. Additionally, the document details a stock option granted to Fruchtzweig by the company's Board of Directors on December 9, 2019, which allows him to purchase 17 shares of common stock at an exercise price adjusted for reverse stock splits that occurred on January 21, 2021, February 23, 2023, and July 1, 2024. The stock option is exercisable starting December 9, 2020, and will expire on December 9, 2024, with a vesting schedule of 25% on each anniversary of the grant date.
Ben Fruchtzweig, a director and 10% owner of Reliance Global Group, Inc. (RELI), filed an Initial Statement of Beneficial Ownership of Securities with the SEC on July 18, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, indicates Fruchtzweig's direct ownership of common stock in the company. The form, known as SEC Form 3, reveals that Fruchtzweig owns 15 shares of common stock directly. Additionally, the document details a stock option granted to Fruchtzweig by the company's Board of Directors on December 9, 2019, which allows him to purchase 17 shares of common stock at an exercise price adjusted for reverse stock splits that occurred on January 21, 2021, February 23, 2023, and July 1, 2024. The stock option is exercisable starting December 9, 2020, and will expire on December 9, 2024, with a vesting schedule of 25% on each anniversary of the grant date.

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