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Remitly (RELY) Insider Sale: 2,920 Shares Disposed Under 10b5-1 Plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

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

  • None.

Negative

  • None.

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.

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*
Tavis Luke

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025
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 09/05/2025 S(1) 2,920 D $20 2,416 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
Explanation of Responses:
1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Remarks:
/s/ Jeff Mason as attorney-in-fact 09/09/2025
** 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 did Tavis Luke report on the Form 4 for RELY?

He reported a sale of 2,920 shares at $20.00 per share on 09/05/2025 and beneficial ownership of 2,416 shares following the sale.

Was the sale by the RELY insider part of a prearranged trading plan?

Yes. The filing states the transaction was effected automatically pursuant to a Rule 10b5-1 trading plan.

What is the reporting person’s role at Remitly Global (RELY)?

The reporting person, Tavis Luke, is identified as the Chief Accounting Officer.

When was the Form 4 executed and by whom?

The signature block shows /s/ Jeff Mason as attorney-in-fact with a date of 09/09/2025.

How many shares did the insider own after the reported transaction?

The Form 4 reports 2,416 shares beneficially owned after the sale.
Remitly Global, Inc.

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2.99B
194.64M
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Software - Infrastructure
Services-business Services, Nec
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United States
SEATTLE