RELY filings show 10b5-1 sale of 9,000 and proposed 5,000-share sale

Rhea-AI Filing Summary

Remitly Global insider filing shows a proposed sale of 5,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $97,000. The shares were acquired as restricted stock units on 02/25/2024 and the filer lists an approximate sale date of 08/13/2025. The issuer's shares outstanding are shown as 206,193,217. The filing also discloses a prior Rule 10b5-1 sale by the same person on 05/14/2025 of 9,000 shares for $207,631.30. The filer affirms they do not possess undisclosed material adverse information and references Rule 10b5-1 trading plan conditions.

Insights

Securities Analyst

TL;DR Insider intends a small sale; size is minimal relative to outstanding shares and unlikely to move valuation.

The Form 144 shows a proposed sale of 5,000 shares (~$97,000) against 206,193,217 shares outstanding, indicating the transaction is very small on a company-wide basis. The shares were granted as restricted stock units on 02/25/2024, which is a routine form of executive compensation. The filing also notes a recent Rule 10b5-1 sale of 9,000 shares on 05/14/2025, suggesting planned selling rather than an ad hoc divestiture. From a market-impact perspective, these volumes are immaterial to total share count; the filing provides transparency but no new financial metrics.

Corporate Governance Expert

TL;DR Disclosure follows Rule 144 conventions; use of broker and prior 10b5-1 sale indicate structured compliance with trading rules.

The notice names Morgan Stanley Smith Barney as the executing broker and documents the acquisition method (Restricted Stock Units) and dates, meeting standard disclosure expectations. The filer includes the usual representation that they do not possess undisclosed material information and references Rule 10b5-1 plan conditions where applicable. This filing is a routine insider disclosure that supports governance transparency but does not on its face raise material governance or compliance concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5000	97000.00	206193217	08/13/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/25/2024	Restricted Stock Units	Issuer			5000	02/25/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for PANKAJ SHARMA 401 Union Street Suite 1000 SEATTLE WA 98101	Common	05/14/2025	9000	207631.30

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Remitly (RELY) report?

The filing reports a proposed sale of 5,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $97,000 and an approximate sale date of 08/13/2025.

Who is listed as the seller in the filing?

The 10b5-1 sales entry in the filing identifies the seller as PANKAJ SHARMA (address shown as 401 Union Street Suite 1000 SEATTLE WA 98101).

How were the shares being sold acquired?

The 5,000 shares were acquired as Restricted Stock Units on 02/25/2024 according to the filing.

Has this person sold RELY shares recently?

Yes. The filing discloses a prior Rule 10b5-1 sale on 05/14/2025 of 9,000 shares for $207,631.30.

Does the filer claim possession of undisclosed material information?

No. By signing the notice the filer represents they do not know any material adverse information