Sec Form 4 Filing - Markovits Joel @ Reliance Global Group, Inc. - 2022-02-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Markovits Joel
2. Issuer Name and Ticker or Trading Symbol
Reliance Global Group, Inc. [ RELI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O RELIANCE GLOBAL GROUP, INC.,, 300 BLVD. OF THE AMERICAS, SITE 105
3. Date of Earliest Transaction (MM/DD/YY)
02/01/2022
(Street)
LAKEWOOD, NJ08701
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/01/2022 A( 1 ) 1,667 ( 2 ) A $ 0 2,154 ( 3 ) D
Common Stock 12/28/2022 A( 4 ) 29 ( 5 ) A $ 0 2,183 ( 3 ) D
Common Stock 01/01/2023 A( 6 ) 2,667 ( 7 ) A $ 0 4,850 ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Markovits Joel
C/O RELIANCE GLOBAL GROUP, INC.,
300 BLVD. OF THE AMERICAS, SITE 105
LAKEWOOD, NJ08701
Chief Financial Officer
Signatures
/s/ Joel Markovits 09/14/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a grant, approved by the issuer's Board of Directors, of restricted stock to the reporting person, in connection with his appointment as the issuer's Chief Accounting Officer on February 1, 2022.
( 2 )On February 23, 2023, the issuer effectuated a 1-for-15 reverse split of the issuer's common stock. This amount represents the number of shares granted to the reporting person on a post-split basis.
( 3 )Represents the number of shares beneficially owned by the reporting person after giving effect to this transaction, on a post-split basis (see footnote 2).
( 4 )Represents a grant, approved by the issuer's Board of Directors, of restricted stock to the reporting person, in connection with his appointment as the issuer's Chief Financial Officer on December 28, 2022.
( 5 )This amount represents the number of shares granted to the reporting person on a post-split basis (see footnote 2). The award was fully vested at grant.
( 6 )Represents a grant, approved by the issuer's Board of Directors, of restricted stock to the reporting person, in consideration of the reporting person's services as Chief Financial Officer.
( 7 )The grant vests monthly with respect to one-twelfth of the award, beginning on the date of grant.

Remarks:
The reporting person was appointed as the issuer's Chief Accounting Officer on February 1, 2022, and as the issuer's Chief Financial Officer on December 28, 2022.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.