{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-018937","form_type":"8-K","ticker":"EZRA","cik":"0001812727","company_name":"Reliance Global Group, Inc.","filed_at":"2023-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.769167+00:00","generated_at":"2026-06-14T16:08:25.959040+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Reliance Global issues 352,260 shares to settle $1.43M Fortman acquisition obligations","bullets":["Company issued 176,130 shares each to Jonathan and Zachary Fortman, total 352,260 restricted shares.","Remaining balance settled: $716,850 per holder, total $1,433,700 in purchase price and earn-out.","Post-issuance outstanding common stock will be 1,983,308 shares; issuance is ~17.8% of new total.","If stock closing price below $4.07 on Nov 18, 2023, company must pay cash make-up payment up to $616,850 per holder.","Shares issued as unregistered under Section 4(a)(2); holders represented as accredited investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-018937","json":"https://secwatch.observer/filing/0001493152-23-018937.json","markdown":"https://secwatch.observer/filing/0001493152-23-018937.md","text":"https://secwatch.observer/filing/0001493152-23-018937.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812727/000149315223018937/0001493152-23-018937-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812727/000149315223018937/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T16:08:25.959040+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"99ba82a07f486535bace57efcd345e35f313ea48","claim":"Reliance Global Group, Inc. amended Second Amendment with Jonathan Fortman, Zachary Fortman, Fortman Insurance Services, LLC, and Fortman Insurance Agency, LLC valued at combined total amount owed of $1,433,700 (effective 2023-05-18).","evidence_excerpt":"On May 18, 2023, the Parties entered into that certain second amendment to the Purchase Agreement (the “Second Amendment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812727/000149315223018937/0001493152-23-018937-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Jonathan Fortman, Zachary Fortman, Fortman Insurance Services, LLC, and Fortman Insurance Agency, LLC"},{"label":"Value","value":"combined total amount owed of $1,433,700"},{"label":"Effective","value":"2023-05-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}