Insider Trading March 12, 2026

Reliance Global Group CFO Disposes of Shares Worth About $79K

Joel Markovits sold multiple blocks of common stock amid a steep year-over-year share decline and recent strategic updates from the company

By Nina Shah EZRA
Reliance Global Group CFO Disposes of Shares Worth About $79K
EZRA

Reliance Global Group NASDAQ:EZRA Chief Financial Officer Joel Markovits reported several insider sales in filings with the SEC. The transactions, executed in September and November 2025, total 79,243 shares sold for roughly $79,243 at prices between $0.66 and $0.88. Additional disposals were recorded to satisfy tax obligations. The trades occur while EZRA shares remain substantially below their 52-week high and shortly after the company's fourth-quarter 2025 earnings highlighted balance sheet improvements and technology-focused investments.

Key Points

  • Reliance Global Group CFO Joel Markovits sold 79,243 shares across transactions on September 3, 4, 15 and November 26, 2025, for roughly $79,243 at prices between $0.66 and $0.88.
  • On September 3 and 15, Markovits also sold 93,808 shares for $87,990 to cover tax obligations at prices between $0.8747 and $0.8838.
  • The sales were disclosed as EZRA traded at $0.21, down 83% from a 52-week high of $3.55; the company recently reported fourth-quarter 2025 results stressing technological investments and improved balance sheet metrics.

Reliance Global Group Inc. reported that Chief Financial Officer Joel Markovits executed multiple sales of common stock, according to a Form 4 filed with the Securities and Exchange Commission.

The transactions, which took place on September 3, 4 and 15, and November 26, 2025, represent a combined disposition of 79,243 shares for approximately $79,243. The shares in those trades were sold at prices ranging from $0.66 to $0.88 per share.

Separately, filings show that on September 3 and September 15 Markovits sold 93,808 additional shares for $87,990 to cover tax liabilities. The price per share for those tax-related dispositions fell between $0.8747 and $0.8838.

The insider sales were disclosed as EZRA shares traded at $0.21, a level that reflects an 83% decline from the company’s 52-week high of $3.55.

In conjunction with these filings, the company’s recent fourth-quarter 2025 results were noted by Reliance Global Group. The earnings release emphasized notable strategic changes and investments in technology, and the company said its balance sheet metrics showed improvement. Management highlighted technology-driven initiatives as a priority for driving growth and operational efficiency.

The company’s most recent earnings call did not include any discussion of mergers or acquisitions. According to the filing material, there also have been no recent analyst upgrades or downgrades reported in connection with the company’s stock.

InvestingPro subscribers are referenced as having access to additional analysis on EZRA, including a set of 12 ProTips focused on the stock’s high price volatility and financial health metrics.

The combination of insider share disposals, an extended period of share-price weakness, and public commentary focused on technological investment and balance sheet improvements frames the current public disclosures around Reliance Global Group.


Notes:

  • All transaction dates, share counts, price ranges and aggregate amounts are taken from the company’s SEC Form 4 disclosure as cited.
  • The company’s fourth-quarter 2025 commentary and the lack of M&A discussion or analyst rating activity are reported as stated in the filings and earnings materials.

Risks

  • Share-price volatility and significant year-over-year decline in EZRA’s stock price present market risk to investors - this affects equity investors and market participants tracking small-cap volatility.
  • Insider disposals and the absence of recent analyst upgrades or downgrades may contribute to continued uncertainty around near-term investor sentiment for the stock - this impacts equity research coverage and investor confidence.
  • Limited disclosure of strategic alternatives on the earnings call - the lack of commentary on mergers or acquisitions may leave some strategic risks or opportunities unclear to market observers.

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