Remitly officer sells 18,045 shares worth ~$360K under 10b5-1 plan
Remitly Global (NASDAQ:RELY) filed a Form 4 reporting that Chief Legal, Compliance & Administrative Officer Saema Somalya sold 18,045 common shares on 25-Jun-2025 at a weighted-average $19.93 (range $19.57-$20.34) under a Rule 10b5-1 plan.
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Rhea-AI Filing Summary
Remitly Global (NASDAQ:RELY) filed a Form 4 reporting that Chief Legal, Compliance & Administrative Officer Saema Somalya sold 18,045 common shares on 25-Jun-2025 at a weighted-average $19.93 (range $19.57-$20.34) under a Rule 10b5-1 plan.
The sale is valued at roughly $360k and reduces her direct stake by about 20% to 69,775 shares. No derivative securities were involved; the filing discloses no other material events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,045 | $19.93 | $360K |
Footnotes (2)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.57 to $20.34 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.
FAQ
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What was the weighted-average sale price in the insider trade?
Was the transaction executed under a 10b5-1 trading plan?
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