UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Compensation Adjustments
On July 18, 2025, the Compensation Committee of the Board of Directors of Reliance Global Group, Inc. (the “Company”), upon recommendation of the Compensation Committee, approved an increase in annual cash compensation for the Company’s non-employee directors. Effective immediately, each outside director will receive a base annual cash retainer of $52,000. Directors who serve as committee chairs will receive additional annual fees, resulting in the following total annual cash compensation:
| Name | Committee Chair | New Total Cash Compensation | Prior Total Cash Compensation | |||||||
| Scott Korman | Audit Committee | $ | 66,000 | $ | 51,000 | |||||
| Ben Fried | Compensation Committee | $ | 63,000 | $ | 49,000 | |||||
| Sheldon Brickman | Nominating Committee | $ | 60,000 | $ | 47,000 | |||||
| Alex Blumenfrucht | None | $ | 52,000 | $ | 45,000 | |||||
Each of the four non-employee directors also received a grant of restricted stock units (“RSUs”) under the Company’s 2025 Equity Incentive Plan, with a grant date value of $98,000, representing 66,486 RSUs based on the Nasdaq Minimum Price of the Company’s common stock on the grant date. The RSUs vested in full on July 23, 2025.
Executive Officer Equity Awards
On July 18, 2025, the Compensation Committee of the Board of Directors of Reliance Global Group, Inc. approved equity awards under the Company’s 2025 Equity Incentive Plan to the Company’s named executive officers. Each award consisted of restricted stock units (“RSUs”) that represent the right to receive one share of the Company’s common stock per unit, subject to time-based vesting. Except as otherwise previously disclosed, no bonuses, salary adjustments, or other new compensatory arrangements were approved in connection with these grants.
The following grants were made to the Company’s named executive officers:
| Name | Title | Grant Date Value ($) | RSUs Granted | Vesting Schedule | ||||||||
| Ezra Beyman | Chief Executive Officer | $ | 1,058,000 | 717,775 | Eight equal bi-monthly installments from October 15, 2025 through January 31, 2026 | |||||||
| Joel Markovits | Chief Financial Officer | $ | 315,000 | 213,704 | Same as above | |||||||
| Yaakov Beyman | VP, Insurance Operations | $ | 275,000 | 186,567 | Same as above | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Reliance Global Group, Inc. | ||
| Dated: July 24, 2025 | By: | /s/ Ezra Beyman |
| Ezra Beyman | ||
| Chief Executive Officer | ||