Remitly (NASDAQ: RELY) officer lines up new share sale after May trade
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.
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Key Figures
Proposed shares to be sold: 25,000 shares
Aggregate value of proposed sale: $664,750.00
Shares sold in past 3 months: 25,000 shares
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6 metrics
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.
Key Terms
Rule 144, Restricted Stock Units, 10b5-1
3 terms
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.