STOCK TITAN

Saema Somalya sells RELY shares via Morgan Stanley (RELY)

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

Rhea-AI Filing Summary

Saema Somalya reported Rule 144/10b5-1 sales of Common Stock through Morgan Stanley Smith Barney LLC. The filing lists three 10b5-1 transactions: 37,764 shares on 03/04/2026 (proceeds $661,752.00), 12,187 shares on 04/14/2026 (proceeds $219,366.00), and 23,789 shares on 04/15/2026 (proceeds $430,921.08). The record also shows 10,987 restricted stock units dated 02/25/2025.

Positive

  • None.

Negative

  • None.

Insights

Disclosure shows scheduled 10b5-1 sales by a holder via a broker.

The filing records multiple sales executed under a 10b5-1 plan with exact share counts and gross proceeds for each trade. The broker of record is Morgan Stanley Smith Barney LLC, and the transactions are labeled as 10b5-1 sales.

These entries are routine disclosures of planned insider selling; cash flows benefit the selling holder as shown by the per-trade proceeds. Subsequent filings would show any further sales or final disposition.

03/04/2026 sale 37,764 shares 10b5-1 sale on 03/04/2026
Proceeds 03/04/2026 $661,752.00 Gross proceeds for 37,764-share sale
04/14/2026 sale 12,187 shares 10b5-1 sale on 04/14/2026
Proceeds 04/14/2026 $219,366.00 Gross proceeds for 12,187-share sale
04/15/2026 sale 23,789 shares 10b5-1 sale on 04/15/2026
Proceeds 04/15/2026 $430,921.08 Gross proceeds for 23,789-share sale
Restricted Stock Units 10,987 units Restricted Stock Units dated 02/25/2025
10b5-1 regulatory
"10b5-1 Sales for SAEMA SOMALYA 401 Union Street"
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.
Restricted Stock Units financial
"Restricted Stock Units | Issuer | 10987 | 02/25/2025"
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.
Rule 144 regulatory
"Filer Information | 144: Filer Information"
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.

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 did RELY disclose in this Form 144 filing?

The filing discloses 10b5-1 sales by Saema Somalya through Morgan Stanley Smith Barney LLC. It lists three transactions totaling specific share counts and proceeds on 03/04/2026, 04/14/2026, and 04/15/2026.

How many shares did Saema Somalya sell under the 10b5-1 plan?

The filing lists three sales of Common Stock: 37,764; 12,187; and 23,789 shares. Each trade includes the disclosed gross proceeds associated with the sale on the listed date.

What proceeds were reported for the 10b5-1 trades in the RELY filing?

The proceeds shown are $661,752.00 for 37,764 shares (03/04/2026), $219,366.00 for 12,187 shares (04/14/2026), and $430,921.08 for 23,789 shares (04/15/2026).

Does the Form 144 show any restricted securities or awards for RELY?

Yes. The filing lists 10,987 restricted stock units dated 02/25/2025 under the securities to be sold section, indicating restricted awards are part of the disclosure.