Remitly Insider Trade: 5,000-Share Exercise and Sale Under 10b5-1 Plan

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) Form 4: On 08/14/2025 director Phillip John Riese executed transactions pursuant to a Rule 10b5-1 plan. He exercised a stock option with a $0.64 exercise price to acquire 5,000 shares and simultaneously sold 5,000 shares at $20.00. Following those transactions Riese beneficially owned 112,496 common shares and continued to hold 490,000 options (derivative securities).

The filing notes the option became fully vested and exercisable on December 15, 2017, the 10b5-1 plan governed the sale, and the form was signed by an attorney-in-fact on 08/18/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider option exercise and sale under a pre-established 10b5-1 plan; governance disclosure appears compliant.

These transactions were executed under a Rule 10b5-1 trading plan, which provides procedural protection for insiders making pre-specified trades. The option exercised had a low $0.64 strike and was fully vested since 2017, indicating no recent acceleration of vesting. The simultaneous sale of the same number of shares suggests a cashless or monetization action rather than opportunistic trading. The Form 4 discloses required details and includes an attorney-in-fact signature, meeting typical filing formalities.

Securities Analyst

TL;DR: Small, routine insider activity unlikely to be material to shareholders given reported holdings.

The reported exercise of 5,000 options and sale of 5,000 shares at $20.00 produces limited change in reported common shares (from 122,496 to 112,496). The director still holds a substantial number of options (490,000), and the transactions were covered by a 10b5-1 plan. From a market-impact perspective these transactions are modest relative to a public company and are disclosed transparently in the Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Riese Phillip John

(Last) (First) (Middle)

C/O REMITLY GLOBAL, INC.

401 UNION STREET, SUITE 1000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		M		5,000	A	$0.64	122,496	D
Common Stock	08/14/2025		S(1)		5,000	D	$20	112,496	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.64	08/14/2025		M			5,000	(2)	01/30/2027	Common Stock	5,000	$0	490,000	D

Explanation of Responses:

1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. The option became fully vested and exercisable on December 15, 2017.

Remarks:

	/s/ Jeff Mason as attorney-in-fact	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Phillip John Riese report on the RELY Form 4?

The filing reports he exercised 5,000 options at $0.64 and sold 5,000 common shares at $20.00 on 08/14/2025.

Were the trades executed under a pre-established plan?

Yes. The sale was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

How many shares did Riese own after the reported transactions?

After the transactions he beneficially owned 112,496 common shares and held 490,000 options.

When did the option that was exercised become vested?

The option became fully vested and exercisable on December 15, 2017.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Jeff Mason as attorney-in-fact on 08/18/2025.