Reliance Global Group, Inc. (EZRA): CEO Ezra Beyman compensation terms

Events in this filing

Item 5.02 as filed

Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(e)
On October 19, 2026, the Compensation Committee (the “ Committee ”) of the Board of Directors of Reliance Global Group,
Inc. (the “ Company ”), which is composed solely of independent directors, approved the settlement in cash, in lieu
of shares of the Company’s common stock, of all or a portion of the unissued balances of the equity awards previously approved
by the Committee on June 25, 2026 for Ezra Beyman, the Company’s Chairman and Chief Executive Officer, Judah Korman, the Company’s
Chief Operating Officer, and Mordy Beyman, a Vice President of the Company, as described in the Company’s Current Report on Form
8-K filed with the Securities and Exchange Commission (the “ SEC ”) on June 25, 2026.
As
previously reported, the equity awards consisted of a fully vested stock award to Mr. Ezra Beyman having an aggregate grant-date value
of $1,058,000 and annual equity awards to Mr. Korman and Mr. Mordy Beyman having grant-date values of $300,000 and $150,000, respectively,
in each case to be issued under the Company’s 2025 Equity Incentive Plan, as amended (the “ 2025 Plan ”), and
a portion of each award was granted in shares of restricted common stock on June 24, 2026. The Committee approved cash payments, in lieu
of shares, of (i) $224,193.84 to Mr. Korman and (ii) $124,730.13 to Mr. Mordy Beyman, in each case in full satisfaction of the unissued
balance of his equity award, and (iii) $440,000.00 to Mr. Ezra Beyman, in partial satisfaction of the unissued balance of his equity
award, with the remaining $94,308.38 of such balance to remain payable in shares of common stock in accordance with the terms of his
award, subject to the availability of shares under the 2025 Plan. The cash payments are payable promptly following the Committee’s
approval through the Company’s payroll, less applicable withholdings. No other terms of the compensation arrangements of Messrs.
Ezra Beyman, Korman and Mordy Beyman were changed.
Mr.
Korman is the son of Scott Korman, a director of the Company, and Mr. Mordy Beyman is the son of Mr. Ezra Beyman. Accordingly, the foregoing
payments constitute related party transactions for purposes of Item 404(a) of Regulation S-K. Neither Scott Korman nor Ezra Beyman is
a member of the Committee, and the Committee approved the payments without the participation of any interested director.