Remitly (RELY) Form 144 Discloses 5,000-Share Sale After Option Exercise

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) Form 144 notice shows a proposed sale of 5,000 common shares to be executed through Morgan Stanley Smith Barney on 09/05/2025 with an aggregate market value of $98,400. The shares were acquired on 09/05/2025 by exercise of stock options and paid for in cash. The filing reports prior 10b5-1 sales by PHILLIP RIESE of 5,000 shares on 08/14/2025 for $100,000, 5,000 on 06/17/2025 for $102,400, and 5,000 on 06/10/2025 for $101,700. The issuer outstanding share count is listed as 206,193,217. Several standard filer identification fields are not populated in the provided text.

Positive

• Transaction transparency: filing specifies broker, acquisition method, payment type, and planned sale date
• Prior 10b5-1 sales disclosed: three recent preplanned sales with dates and gross proceeds are listed

Negative

• Missing filer identifiers: Filer CIK/CCC and submission contact fields are not populated in the provided text
• Limited context: filing does not include additional issuer-level information or certification details in the excerpt

Insights

Securities Analyst

TL;DR: Insider plans to sell a small block of shares following option exercise; prior 10b5-1 trades show routine, preplanned disposals.

The filing documents a routine Form 144 for 5,000 shares acquired and exercised on 09/05/2025 with cash payment and a listed market value of $98,400. The reported outstanding share base of 206,193,217 makes this disposal de minimis relative to total float. The presence of multiple 10b5-1 sales earlier in the year indicates prior reliance on preplanned trading arrangements that generated proceeds near $100k per 5,000-share tranche. No earnings, financings, or material corporate events are disclosed here.

Corporate Governance Expert

TL;DR: Disclosure is consistent with required insider sale notices; missing filer identifiers reduce clarity but do not alter reported transactions.

The document meets the basic disclosure purpose of Rule 144 by identifying the class, broker, number of shares, acquisition method (option exercise), payment method (cash), and planned sale date. Prior 10b5-1 sales by PHILLIP RIESE are listed with dates and proceeds, supporting disclosure of recent insider trading activity. However, key filer identification fields (CIK/CCC and contact info) are blank in the provided excerpt, which limits verifiability from this extract alone.

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	98400.00	206193217	09/05/2025	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	09/05/2025	Exercise of Stock Options	Issuer			5000	09/05/2025	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
10b5-1 Sales for PHILLIP RIESE 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	08/14/2025	5000	100000.00
10b5-1 Sales for PHILLIP RIESE 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/17/2025	5000	102400.00
10b5-1 Sales for PHILLIP RIESE 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/10/2025	5000	101700.00

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 RELY Form 144 filed on 09/05/2025 report?

The notice reports a proposed sale of 5,000 common shares via Morgan Stanley Smith Barney on 09/05/2025 with an aggregate market value of $98,400.

How were the 5,000 shares acquired according to the filing?

The shares were acquired on 09/05/2025 by exercise of stock options and payment was made in cash.

Does the filing show any recent insider sales for RELY?

Yes. It lists three 10b5-1 sales by PHILLIP RIESE: 5,000 shares on 08/14/2025 for $100,000, 5,000 on 06/17/2025 for $102,400, and 5,000 on 06/10/2025 for $101,700.

What is the issuer's outstanding share count reported in the notice?

The filing lists 206,193,217 shares outstanding.

Who is the broker handling the proposed sale?

The broker is listed as Morgan Stanley Smith Barney LLC Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.