Reliance Global Group reports that GNK Holdings, Nachum Klugman and Gabrielle Philipson beneficially own 153,188 common shares, or approximately 9.56% of outstanding shares. For investors, the stake carries shared voting and dispositive power, with neither Klugman nor Philipson able to act alone.

Key Highlights

  • The common stock carries a Par Value of $0.086 per share.
  • Nachum Klugman and Gabrielle Philipson each hold 50% membership interests in GNK Holdings LLC.
  • The shares remain in a Margin brokerage account in Gabrielle Philipson’s name and have not yet moved to GNK’s account.

Reliance Global Group, Inc. (NASDAQ: EZRA) reports beneficial ownership of 153,188 common shares, representing approximately 9.56% of its outstanding shares. The position is held with shared voting and dispositive power rather than sole control.

Shared Control Defines GNK Holdings Stake

The securities are common stock with a par value of $0.086 per share. Under the Contribution Agreement, Klugman and Philipson share voting and dispositive authority, meaning neither can exercise either power independently. The same shares appear in each person’s report and should not be aggregated. Klugman and Philipson each disclaim beneficial ownership except to the extent of their respective pecuniary interests.