Remitly CBO sells 21,000 shares at $26.39 avg
Remitly Global, Inc. (RELY) reported that Chief Business Officer Pankaj Sharma sold 21,000 shares of common stock on 2026-08-28.
Rhea-AI Filing Summary
Remitly Global, Inc. (RELY) reported that Chief Business Officer Pankaj Sharma sold 21,000 shares of common stock on 2026-08-28. The shares were sold at a weighted average price of $26.39 per share in multiple trades between $25.63 and $26.78. After this transaction, Sharma held 716,022 shares of Remitly common stock. The sale was effected automatically pursuant to a Rule 10b5-1 trading plan adopted on 2025-11-18.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 21,000 shares
Net Sell
1 txn
Insider
Sharma Pankaj
Role
Chief Business Officer
Sold
21,000 shs ($554K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 21,000 | $26.39 | $554K |
Holdings After Transaction:
Common Stock — 716,022 shares (Direct)
Footnotes (2)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.63 to $26.78 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Key Figures
Shares sold: 21,000 shares of Common Stock
Weighted average sale price: $26.39 per share
Sale price range: $25.63 to $26.78 per share
+2 more
5 metrics
Shares sold
21,000 shares of Common Stock
Sale reported for 2026-08-28
Weighted average sale price
$26.39 per share
Common Stock sale on 2026-08-28
Sale price range
$25.63 to $26.78 per share
Multiple transactions included in the 21,000-share sale
Shares owned after transaction
716,022 shares
Direct ownership of Pankaj Sharma after the sale
Rule 10b5-1 plan adoption date
2025-11-18
Trading plan under which the sale was automatically effected
Key Terms
Rule 10b5-1 trading plan, weighted average price, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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
"as stated in the Form 4 filing"
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.
FAQ
What insider transaction did RELY report for Pankaj Sharma?
Remitly Global, Inc. reported that Chief Business Officer Pankaj Sharma sold 21,000 shares of common stock on 2026-08-28 at a weighted average price of $26.39 per share in open-market or private transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.