STOCK TITAN

Remitly (NASDAQ: RELY) officer lines up new share sale after May trade

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) received a Rule 144 notice from officer Vikas Mehta for a planned sale of up to 25,000 shares of common stock through Morgan Stanley Smith Barney LLC. The proposed sale has an aggregate approximate value of $664,750.00. The shares are to be issued from Restricted Stock Units granted by the issuer with a listed date of 08/25/2025. The notice also reports that during the past three months, Mehta conducted 10b5-1 plan sales of 25,000 shares of common stock on 05/26/2026 for an aggregate value of $526,775.00.

Positive

  • None.

Negative

  • None.
Proposed shares to be sold 25,000 shares Planned Rule 144 sale of Remitly common stock for Vikas Mehta
Aggregate value of proposed sale $664,750.00 Approximate aggregate value for 25,000 shares in proposed Rule 144 sale
Shares sold in past 3 months 25,000 shares 10b5-1 sales on 05/26/2026 reported for Vikas Mehta
Aggregate value of past 3 months’ sales $526,775.00 Aggregate value of 25,000 shares sold on 05/26/2026 under 10b5-1 plan
Issuer phone number 8887364859 Contact phone number for Remitly Global, Inc.
Issuer SEC file number 001-40822 SEC file number for Remitly Global, Inc.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
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
"Common | 08/25/2025 | Restricted Stock Units | Issuer"
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 VIKAS MEHTA 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.

FAQ

What insider transaction does this Form 144 disclose for Remitly Global, Inc. (RELY)?

The filing discloses that officer Vikas Mehta has filed a Rule 144 notice for a proposed sale of up to 25,000 shares of Remitly Global, Inc. common stock, to be executed through Morgan Stanley Smith Barney LLC.

How many Remitly (RELY) shares are proposed to be sold and at what aggregate value?

The notice covers a proposed sale of up to 25,000 shares of Remitly common stock, with an indicated aggregate value of approximately $664,750.00, as stated in the securities information section.

What is the source of the Remitly (RELY) shares to be sold by Vikas Mehta?

The shares are associated with Restricted Stock Units of Remitly Global, Inc., with a referenced date of 08/25/2025, and are to be sold for the account of officer Vikas Mehta under Rule 144.

Which broker is handling the proposed Remitly (RELY) Rule 144 sale?

The proposed sale will be handled through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, as listed in the securities information section.

What Remitly (RELY) insider sales occurred in the past 3 months for Vikas Mehta?

The filing reports 10b5-1 plan sales for Vikas Mehta of 25,000 shares of Remitly common stock on 05/26/2026 with an aggregate value of $526,775.00, categorized as securities sold during the past three months.

On which market are the Remitly (RELY) shares in this Form 144 listed?

The common shares referenced in the Form 144 are listed on the NASDAQ market, as indicated in the securities information section of the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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