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Remitly (RELY) Insider Sale Notice — 40,777 Shares via Morgan Stanley

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) Form 144: This notice reports a proposed sale of 40,777 common shares (restricted stock units) acquired on 08/25/2025, with an aggregate market value of $753,558.96. The shares are to be sold through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists total shares outstanding of 206,193,217. The filer also disclosed multiple prior 10b5-1 sales by Joshua David Hug in the past three months totaling 80,000 shares and $1,599,931 in gross proceeds. The filer affirms no undisclosed material adverse information and indicates reliance on Rule 10b5-1 trading plans where applicable.

Positive

  • Planned sale is documented with broker and exchange details, supporting regulatory transparency
  • Shares to be sold were acquired as RSUs on 08/25/2025, clearly disclosed
  • Prior 10b5-1 sales are itemized, showing structured trading plan usage

Negative

  • Insider disposals in past three months total 80,000 shares with $1,599,931 gross proceeds, which may be interpreted by some investors as insider liquidity

Insights

TL;DR: Routine insider sale of RSUs; transaction size is small relative to total shares outstanding.

The filing documents a planned sale of 40,777 restricted shares via an established broker and confirms recent systematic insider disposals under a 10b5-1 plan totaling 80,000 shares and $1,599,931. For investors this is a disclosure of executive liquidity rather than any operational change. No earnings or operational metrics are provided, and the filing contains no indications of material adverse events.

TL;DR: Proper procedural disclosure of insider sales with 10b5-1 references; signature attests to absence of undisclosed material information.

The Form 144 shows compliance with Rule 144 and notes reliance on Rule 10b5-1 plans for recent sales by the named seller. The filing includes the broker name, acquisition date of the RSUs, and confirmation statement about material information. This is a routine governance disclosure; no red flags or policy deviations are evident within the document itself.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does Remitly Global's (RELY) Form 144 report?

The filing reports a proposed sale of 40,777 common shares acquired as RSUs on 08/25/2025, with an aggregate market value of $753,558.96.

Through which broker and exchange will RELY shares be sold?

The shares are to be sold through Morgan Stanley Smith Barney LLC on NASDAQ.

Have there been recent insider sales by the same person?

Yes. The filing lists prior 10b5-1 sales by Joshua David Hug totaling 80,000 shares and $1,599,931 in gross proceeds over the past three months.

What type of securities are being sold in this Form 144?

The securities are Common shares issued as Restricted Stock Units (RSUs), acquired on 08/25/2025.

Does the filer assert any undisclosed material information?

The filer represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.
Remitly Global, Inc.

NASDAQ:RELY

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Software - Infrastructure
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