Insider sale at Remitly (RELY) as Chief Business Officer sells 3,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global Chief Business Officer Pankaj Sharma reported an open-market sale of 3,000 shares of Remitly Global, Inc. common stock at a price of $16.35 per share. The transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted by Sharma.
Following this planned sale, Sharma continues to hold 215,830 shares of Remitly Global common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares ($49,050)
Net Sell
1 txn
Insider
Sharma Pankaj
Role
Chief Business Officer
Sold
3,000 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $16.35 | $49K |
Holdings After Transaction:
Common Stock — 215,830 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Remitly Global (RELY) disclose for Pankaj Sharma?
Remitly Global disclosed that Chief Business Officer Pankaj Sharma sold 3,000 shares of common stock at $16.35 per share. The sale was executed in the open market under a pre-established Rule 10b5-1 trading plan adopted by Sharma, indicating a pre-programmed selling arrangement.
Was the Remitly (RELY) insider sale by Pankaj Sharma part of a 10b5-1 plan?
Yes. The filing states the transaction was effected automatically under a Rule 10b5-1 trading plan adopted by Pankaj Sharma. Such plans allow executives to schedule trades in advance, helping separate routine portfolio management from discretionary trading decisions.
What role does Pankaj Sharma hold at Remitly (RELY) in this Form 4 filing?
In this Form 4, Pankaj Sharma is identified as an officer of Remitly Global, serving as Chief Business Officer. His status as a senior executive requires public reporting of transactions in company stock, including this 3,000-share open-market sale under a Rule 10b5-1 plan.