Reliance Global (RELI) Form 4 Reliance Global / Joel Markovits ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Markovits Joel

(Last) (First) (Middle)

C/O RELIANCE GLOBAL GROUP, INC.,

300 BLVD. OF THE AMERICAS, SITE 105

(Street)

LAKEWOOD NJ 08701

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

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.

	/s/ Joel Markovits	09/14/2023
	** Signature of Reporting Person	Date
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).
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