Rule 144 notice: RELY seller Saema Somalya notifies broker of 12,187 RSU sale (RELY)
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Saema Somalya filed a Rule 144 notice to sell 12,187 shares of Common Stock represented by Restricted Stock Units.
The filing lists the securities as Restricted Stock Units dated 05/25/2024 and shows prior 10b5-1 sales of 36,764 shares on 03/04/2026 for $661,752.00.
Positive
- None.
Negative
- None.
Key Figures
Proposed sale (Rule 144): 12,187 shares
Prior 10b5-1 sales: 36,764 shares
Proceeds from prior sales: $661,752.00
+1 more
4 metrics
Proposed sale (Rule 144)
12,187 shares
Restricted Stock Units dated 05/25/2024
Prior 10b5-1 sales
36,764 shares
Sold on 03/04/2026
Proceeds from prior sales
$661,752.00
Proceeds reported for 03/04/2026 10b5-1 sale
RSU grant date
05/25/2024
Restricted Stock Units date listed in filing
Key Terms
Rule 144, Restricted Stock Units, 10b5-1
3 terms
Rule 144 regulatory
"Filed a Rule 144 notice to sell 12,187 shares"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Securities listed as Restricted Stock Units dated 05/25/2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for SAEMA SOMALYA recorded on 03/04/2026"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
FAQ
What does RELY Rule 144 filing report?
The filing reports a proposed sale of 12,187 shares of Common Stock represented by Restricted Stock Units dated 05/25/2024. It is a notice under Rule 144 rather than an executed market sale.
Who is the selling party in the RELY Form 144?
The filing identifies Saema Somalya as the reporting seller and lists Morgan Stanley Smith Barney LLC as the broker/dealer handling the transaction. The broker's address appears in the filing.
Has the seller executed recent sales before this notice?
Yes; the filing records prior 10b5-1 sales of 36,764 shares on 03/04/2026 generating $661,752.00. Those prior sales are disclosed separately from the proposed Rule 144 sale.
What type of securities are being sold in the RELY filing?
The securities are listed as Restricted Stock Units (RSUs) tied to Common Stock, dated 05/25/2024. The filing describes the RSUs as the source of the shares to be offered under Rule 144.
Does the filing state how the proceeds will be used?
The filing does not state any use of proceeds. It functions as a Rule 144 notice of a proposed sale of 12,187 shares and provides transaction and broker details only.