Remitly (RELY) Form 144: Saema Somalya 10b5-1 Sales Total $1.18M

Rhea-AI Filing Summary

Form 144 notice for Remitly Global, Inc. (RELY): The filing reports a proposed sale of 4,479 common shares through Morgan Stanley Smith Barney on 08/28/2025 with an aggregate market value of $82,368.81 against a total outstanding share base of 206,193,217. The shares were acquired as restricted stock units from the issuer on 08/25/2025 and were paid on that date. The filing also discloses multiple prior 10b5-1 sales by Saema Somalya totaling 60,256 shares in the past three months, generating $1,179,029.06 in gross proceeds. The filer certifies no undisclosed material adverse information and notes reliance on trading plan/10b5-1 procedures where indicated.

Positive

• Full disclosure of transaction specifics: shares, broker, exchange, acquisition method (RSUs), acquisition and sale dates are provided
• Past 10b5-1 sales disclosed, including share counts and gross proceeds, supporting transparency about recent insider sales

Negative

• Issuer/filing party identity incomplete in issuer section: the issuer information table lacks a filled name and contact fields
• No contextual compensation details provided such as grant terms or whether sales are part of a broader planned schedule beyond listed 10b5-1 entries

Insights

Securities Compliance Analyst

TL;DR: Routine Form 144 reporting executive-originated RSU sale and recent 10b5-1 activity; disclosure appears consistent with Rule 144 requirements.

The filing documents a proposed sale of 4,479 shares acquired as restricted stock units and scheduled for sale via Morgan Stanley Smith Barney. Prior 10b5-1 sales by Saema Somalya in the past three months total 60,256 shares for approximately $1.18 million in gross proceeds, which the filing discloses. From a compliance perspective, the notice includes the necessary acquisition details, broker information, and the seller's representation regarding material nonpublic information. The filing does not include the name of the person for whose account this notice is filed in the issuer information section beyond the sale records, but the sales table names Saema Somalya as the seller. No regulatory flags are evident from the disclosed entries alone.

Equity Issuance / Compensation Specialist

TL;DR: Compensation-related RSU vest and near-term market sale disclosed; activity reflects monetization of recently acquired equity awards.

The securities to be sold were acquired as restricted stock units on 08/25/2025 and paid the same day, indicating immediate vest/settlement followed by planned disposition of 4,479 shares. The filing pairs this planned sale with several executed 10b5-1 program sales totaling 60,256 shares and roughly $1.18 million gross proceeds over the previous three months, suggesting ongoing systematic monetization of equity awards. These disclosures are typical for executive or insider RSU liquidity activity and are presented with the broker and exchange details (Morgan Stanley Smith Barney; NASDAQ). The document does not provide contextual compensation plan terms or grant values beyond the share counts and 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
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	4479	82368.81	206193217	08/28/2025	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	08/25/2025	Restricted Stock Units	Issuer			4479	08/25/2025	N/A

* 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 SAEMA SOMALYA 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	08/25/2025	5748	108214.15
10b5-1 Sales for SAEMA SOMALYA 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	08/07/2025	18045	344215.59
10b5-1 Sales for SAEMA SOMALYA 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/25/2025	18045	359579.25
10b5-1 Sales for SAEMA SOMALYA 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/11/2025	18418	367020.07

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 shares does the REMITLY (RELY) Form 144 propose to sell?

The notice proposes sale of 4,479 Common shares on 08/28/2025 via Morgan Stanley Smith Barney, valued at $82,368.81.

How were the shares being sold acquired according to the filing?

The shares were acquired as Restricted Stock Units from the issuer on 08/25/2025, with payment dated 08/25/2025.

Who executed prior sales and how much was sold in the last three months?

The filing lists Saema Somalya executing 10b5-1 sales totaling 60,256 shares in the past three months, generating about $1,179,029.06 gross proceeds.

Which broker and exchange are being used for the proposed sale?

The broker is Morgan Stanley Smith Barney LLC and the securities exchange listed is NASDAQ.

Does the filer represent they have any undisclosed material information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.