Remitly (RELY) product and tech chief sells 50,000 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. Chief Product and Tech Officer Ankur Sinha reported an open-market sale of 50,000 shares of common stock at a weighted average price of $23.42 per share. After this transaction, Sinha directly holds 1,255,566 shares of Remitly common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares ($1,171,000)
Net Sell
1 txn
Insider
Sinha Ankur
Role
Chief Product and Tech Officer
Sold
50,000 shs ($1.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,000 | $23.42 | $1.17M |
Holdings After Transaction:
Common Stock — 1,255,566 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 50,000 shares
Weighted average sale price: $23.42 per share
Sale price range: $23.27–$23.61 per share
+1 more
4 metrics
Shares sold
50,000 shares
Open-market sale of common stock on May 14, 2026
Weighted average sale price
$23.42 per share
Price for 50,000 Remitly common shares sold
Sale price range
$23.27–$23.61 per share
Range of prices across multiple executions
Shares owned after transaction
1,255,566 shares
Direct holdings of Ankur Sinha following sale
Key Terms
open-market sale, weighted average price, Form 4, transaction code "S"
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "S" regulatory
"transaction_code_description: "Sale in open market or private transaction""
FAQ
What insider transaction did Ankur Sinha report for Remitly (RELY)?
Ankur Sinha reported an open-market sale of 50,000 shares of Remitly common stock. The shares were sold on May 14, 2026, at a weighted average price of $23.42 per share, according to the Form 4 filing.
Was Ankur Sinha’s Remitly (RELY) transaction an open-market sale?
Yes. The Form 4 classifies the transaction as an open-market sale of common stock. The transaction code is “S,” and the description states it is a sale in an open market or private transaction, confirming it was a standard disposition.
Does the Form 4 for Remitly (RELY) mention multiple trade executions?
Yes. The filing notes the 50,000 shares were sold in multiple transactions at prices between $23.27 and $23.61. The footnote states the reporting person will provide detailed trade information for each price level upon request.