Remitly (RELY) Insider Sale: 2,920 Shares Disposed Under 10b5-1 Plan
Rhea-AI Filing Summary
Insider sale by Remitly Global Chief Accounting Officer under a prearranged plan. Tavis Luke, Chief Accounting Officer of Remitly Global, Inc. (RELY), reported a sale of 2,920 shares of common stock on 09/05/2025 at a price of $20.00 per share. After the reported disposition, the filing states Mr. Luke beneficially owned 2,416 shares. The filing notes the sale was effected automatically pursuant to a Rule 10b5-1 trading plan. The Form 4 was executed on behalf of the reporting person by an attorney-in-fact, dated 09/09/2025. The document contains only this single non-derivative transaction and related explanatory remark.
Positive
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Negative
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Insights
TL;DR: Routine insider sale under a 10b5-1 plan; limited immediate market implication given small size of holding.
The transaction reports a disposition of 2,920 common shares at $20.00 each by the Chief Accounting Officer, executed under a Rule 10b5-1 plan. This indicates the sale was preplanned and automated rather than opportunistic. The remaining beneficial ownership reported is 2,416 shares. For investors, the filing documents compliance with disclosure rules but does not provide new operational or financial information about Remitly.
TL;DR: Compliance-focused filing showing proper use of a trading plan and timely disclosure.
The Form 4 identifies the reporting person, relationship to the issuer (Chief Accounting Officer), and discloses the sale date, amount, and price. The explanatory note explicitly states the transaction was effected pursuant to a Rule 10b5-1 trading plan, which supports an affirmative defense against insider trading allegations. The filing was signed electronically by an attorney-in-fact, consistent with delegated execution practices. This is a routine governance disclosure without material corporate governance changes.