PayU Lists 12M RELY Shares for Resale

PayU Fintech Investments B.V. reported proposed resale of 12,000,000 shares of Common Stock on 03/12/2026 with an aggregate value of $191,760,000.00 shown in the excerpt.

Rhea-AI Filing Summary

PayU Fintech Investments B.V. reported proposed resale of 12,000,000 shares of Common Stock on 03/12/2026 with an aggregate value of $191,760,000.00 shown in the excerpt. The filing lists multiple prior issuances and conversions of preferred stock into common shares on 09/27/2021 and several smaller purchases and private placements.

Insights

Securities Attorney

Form 144 reports an intended resale by a selling holder under Rule 144.

Form 144 is a notice of proposed sale by a holder claiming compliance with resale conditions. The excerpt shows a selling holder, PayU Fintech Investments B.V., and a stated quantity of 12,000,000 shares dated 03/12/2026.

Timelines, broker arrangements, and actual settlement details are not included in the excerpt; subsequent Form 4 or Rule 144 compliance documentation could clarify execution and transfer mechanics.

Capital Markets Analyst

Large block listed for resale could create supply pressure if executed.

The excerpt shows an aggregate amount of $191,760,000.00 tied to 12,000,000 shares. The filing also records historical conversions into common stock on 09/27/2021, indicating the holder's origin of shares.

Actual market impact depends on execution method and timing; the excerpt does not specify whether sales will be via block trades, brokerage transactions, or other methods.

Key Figures

Proposed resale quantity: 12,000,000 shares Aggregate value shown: $191,760,000.00 Conversion events date: 09/27/2021 +4 more

7 metrics

Proposed resale quantity 12,000,000 shares listed in the selling section dated 03/12/2026

Aggregate value shown $191,760,000.00 associated with the 12,000,000 shares on 03/12/2026

Conversion events date 09/27/2021 multiple lines record conversions of Series A–F and seed prime preferred stock into common stock

Common shares from Series F conversion 5,740,465 shares listed under conversion of Series F convertible preferred stock on 09/27/2021

Common shares from Series D conversion 2,475,481 shares listed under conversion of Series D convertible preferred stock on 09/27/2021

Private placement entry 581,395 shares listed as a private placement of common stock on 09/27/2021

Small purchase by Anthony Olsen 15,000 shares purchase of common stock dated 12/15/2020

Key Terms

Form 144, Conversion of Convertible Preferred Stock, Private placement

3 terms

Form 144 regulatory

"Selling holder notice of proposed resale and broker information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Conversion of Convertible Preferred Stock financial

"Multiple lines referencing conversion into common stock on 09/27/2021"

Private placement financial

"Line item: Private placement of common stock 581,395 shares"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the RELY Form 144 filing report?

It reports an intended resale of 12,000,000 shares by PayU Fintech Investments B.V. on 03/12/2026. The excerpt also shows an aggregate dollar amount of $191,760,000.00, and lists prior conversions of preferred shares into common stock on 09/27/2021.

Who is the selling holder named in the RELY excerpt?

The named selling holder is PayU Fintech Investments B.V., with an indicated resale quantity of 12,000,000 shares as of 03/12/2026. The excerpt includes the holder's Amsterdam address and transaction line in the selling section.

Does the Form 144 excerpt state how the shares will be sold?

No specific sale methods are included in the excerpt; it lists the resale quantity and dollar amount. The excerpt does not specify block trades, at‑the‑market sales, or broker arrangements, so execution details are not provided here.

What historical share issuances are shown in the RELY excerpt?

The excerpt documents multiple conversions of preferred stock into common shares with conversion dates on 09/27/2021, plus several purchases and a private placement entry. Specific converted share counts are listed for each conversion line.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/02/2026 - 09:41 PM Learn about SEC filing dates

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	0001885449
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Remitly Global, Inc.
SEC File Number	001-40822
Address of Issuer	REMITLY GLOBAL, INC. 401 UNION STREET, SUITE 1000 SEATTLE WASHINGTON 98101
Phone	206-535-6152
Name of Person for Whose Account the Securities are To Be Sold	MIH Fintech Investments B.V.
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	See Remarks

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 Stock	BofA Securities, Inc. One Bryant Park 8th Floor New York NY 10036	13441745	282679897.35	210561079	06/02/2026	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 Stock	09/27/2021	Acquired upon Conversion of Series D Convertible Preferred Stock of the Issuer, which preferred stock was acquired in December 2017.	Issuer			2475481	09/27/2021	Conversion of Preferred Stock
Common Stock	09/27/2021	Acquired upon Conversion of Series C Convertible Preferred Stock of the Issuer, which preferred stock was acquired in January 2019.	Issuer			1321077	09/27/2021	Conversion of Preferred Stock
Common Stock	09/27/2021	Acquired upon Conversion of Series E Convertible Preferred Stock of the Issuer, which preferred stock was acquired in May 2019.	Issuer			1678810	09/27/2021	Conversion of Preferred Stock
Common Stock	09/27/2021	Acquired upon Conversion of Series F Convertible Preferred Stock of the Issuer, which preferred stock was acquired in August 2020.	Issuer			5740465	09/27/2021	Conversion of Preferred Stock
Common Stock	09/27/2021	Acquired upon Conversion of Series A Convertible Preferred Stock (1,262,230 shares) and Series C Convertible Preferred Stock of the Issuer (295,666 shares), which preferred stock was acquired in October 2020.	Issuer			1557896	09/27/2021	Conversion of Preferred Stock
Common Stock	09/27/2021	Acquired upon Conversion of Seed Prime Convertible Preferred Stock of the Issuer, which preferred stock was acquired in October 2020.	Issuer			71621	09/27/2021	Conversion of Preferred Stock
Common Stock	12/15/2020	Purchase of common stock	Anthony Olsen			15000	12/16/2020	Cash
Common Stock	09/27/2021	Private placement of common stock	Issuer			581395	09/27/2021	Cash

* 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
PayU Fintech Investments B.V. Symphony Offices Gustav Mahlerplein 5 Amsterdam P7 1082 MS	Common Stock	03/12/2026	12000000	191760000.00

144: Remarks and Signature

Remarks	The Shares are directly held by MIH Fintech Investments B.V. (MIH), as legal successor to PayU Fintech Investments B.V. (PayU) following the 3/24/2026 merger of PayU and MIH, with MIH surviving, and indirectly held by Prosus N.V. (Prosus) and Naspers Ltd. (Naspers), which are, together, significant stockholders of the Issuer. MIH is a 100% subsidiary of MIH Fintech Holdings B.V., a 100% subsidiary of MIH e-Commerce Holdings B.V., a 100% subsidiary of MIH Internet Holdings B.V., a 100% subsidiary of Prosus, a majority-owned subsidiary of Naspers. Prosus and Naspers control MIH and share voting and dispositive control over the Shares. Naspers employs a differential voting structure involving Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk (the RF entities), whose sole remit is to protect the continued independence of Naspers. The RF entities disclaim beneficial ownership of all Shares, except to the extent of their respective pecuniary interests therein.
Date of Notice	06/02/2026
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	/s/ Serge de Reus
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)