---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-018678"
form_type: "8-K"
ticker: "EZRA"
cik: "0001812727"
company_name: "Reliance Global Group, Inc."
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:57:06.745106+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Reliance Global sells Fortman Insurance for $5M; cuts debt 50%, annual savings >$1.8M

## Summary
- Closed sale of Fortman Insurance Services for $5M cash; sold at value above 2019 purchase price.
- Used ~$5.55M (including restricted cash) to repay ≈50% of long-term debt.
- Annual debt service drops from ~$2.95M to ~$1.1M, a reduction of over $1.8M (61%).
- CEO Ezra Beyman's base salary increased from $425k to $513k; annual bonus of $593k approved.
- Company reaffirms expected completion of Spetner Associates acquisition.

## SEC filing metadata
- accession: 0001641172-25-018678
- form_type: 8-K
- ticker: EZRA
- cik: 0001812727
- company_name: Reliance Global Group, Inc.
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812727/000164117225018678/0001641172-25-018678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812727/000164117225018678/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-018678
- JSON: https://secwatch.observer/filing/0001641172-25-018678.json
- Plain text: https://secwatch.observer/filing/0001641172-25-018678.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.