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Remitly officer plans $545,685 stock sale

Remitly Global, Inc. (RELY) has received a Rule 144 notice from officer Pankaj Sharma for a proposed sale of company common stock.

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

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) has received a Rule 144 notice from officer Pankaj Sharma for a proposed sale of company common stock. Sharma plans to sell 21,000 shares of Remitly common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $545,685.00, on or after August 28, 2026 on NASDAQ.

The 21,000 shares were acquired from the issuer upon vesting of restricted stock units during the period from August 25, 2023 through May 25, 2025. In the past three months, a separate transaction shows 15,000 shares of common stock sold for $375,425.00 on July 16, 2026 pursuant to a 10b5-1 sales plan.

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Shares to be sold 21,000 shares of common stock Proposed Rule 144 sale by Pankaj Sharma through Morgan Stanley Smith Barney LLC
Aggregate market value $545,685.00 Aggregate market value of the 21,000 shares proposed for sale
Planned sale date 08/28/2026 Date associated with the proposed Rule 144 sale on NASDAQ
Recent 10b5-1 sale shares 15,000 shares of common stock Shares sold under a 10b5-1 plan during the past three months
Recent 10b5-1 sale value $375,425.00 Aggregate value of 15,000 shares sold on 07/16/2026
RSU vesting period 08/25/2023 through 05/25/2025 Period during which RSUs vested that produced the 21,000 shares
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
"The securities to be sold were acquired upon the vesting of restricted stock units"
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 PANKAJ SHARMA 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.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

What insider sale is being reported for Remitly Global, Inc. (RELY)?
Officer Pankaj Sharma filed a Rule 144 notice to sell 21,000 shares of Remitly common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $545,685.00, in a transaction dated August 28, 2026 on NASDAQ.

At what value are the Remitly (RELY) shares planned to be sold under this Form 144?
The planned Rule 144 sale by Pankaj Sharma covers 21,000 shares of Remitly common stock with an aggregate market value of $545,685.00, as stated in the filing’s securities information section.

How did Pankaj Sharma acquire the Remitly (RELY) shares being sold?
The 21,000 shares to be sold were acquired from Remitly upon the vesting of restricted stock units during the period from August 25, 2023 through May 25, 2025, according to the remarks section.

Were there recent 10b5-1 plan sales disclosed for Remitly (RELY) stock?
Yes. The filing lists 10b5-1 sales for Pankaj Sharma of 15,000 shares of Remitly common stock on July 16, 2026, with total proceeds of $375,425.00 over the past three months.

Who is the broker for the planned Remitly (RELY) stock sale?
The planned sale of 21,000 Remitly common shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, as listed in the securities information.

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

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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

Source: View Original Filing on SEC EDGAR