Remitly CLCAO sells 35,976 shares in plan trade
Remitly Global, Inc. CLCAO Somalya Saema reported two open-market sales of Common Stock.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. CLCAO Somalya Saema reported two open-market sales of Common Stock. On April 14, she sold 12,187 shares at $18.00 per share, followed by 23,789 shares at $18.11 per share on April 15, totaling 35,976 shares sold.
Both transactions were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025. After these sales, Saema directly holds 259,815 shares of Remitly Common Stock.
Insider Trade Summary 10b5-1
Net Seller: 35,976 shares
Net Sell
2 txns
Insider
Somalya Saema
Role
CLCAO
Sold
35,976 shs ($650K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 23,789 | $18.11 | $431K |
| Sale | Common Stock | 12,187 | $18.00 | $219K |
Holdings After Transaction:
Common Stock — 259,815 shares (Direct)
Footnotes (1)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2025.
Key Figures
Shares sold April 14: 12,187 shares
Price per share April 14: $18.00/share
Shares sold April 15: 23,789 shares
+4 more
7 metrics
Shares sold April 14
12,187 shares
Open-market sale of Common Stock at $18.00 per share
Price per share April 14
$18.00/share
Open-market sale of 12,187 shares of Common Stock
Shares sold April 15
23,789 shares
Open-market sale of Common Stock at $18.11 per share
Price per share April 15
$18.11/share
Open-market sale of 23,789 shares of Common Stock
Total shares sold
35,976 shares
Combined sales across two open-market transactions
Shares held after transactions
259,815 shares
Direct ownership of Remitly Common Stock following the sales
10b5-1 plan adoption date
March 12, 2025
Date Somalya Saema adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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.
open-market sale financial
"transaction_action: open-market sale of Common Stock at stated prices"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock for the reported transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describes the reported transactions"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Remitly (RELY) report for Somalya Saema?
Remitly CLCAO Somalya Saema reported two open-market sales of Common Stock totaling 35,976 shares. She sold 12,187 shares at $18.00 and 23,789 shares at $18.11, executed on April 14 and April 15, respectively, under a pre-set trading plan.
Were Somalya Saema’s Remitly (RELY) stock sales under a Rule 10b5-1 plan?
Yes. The filing states that the transactions were effected automatically under a Rule 10b5-1 trading plan adopted by Somalya Saema on March 12, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions.
What role does Somalya Saema hold at Remitly (RELY)?
Somalya Saema is identified as an officer of Remitly Global, Inc., with the title CLCAO. The Form 4 shows her as the reporting person for the disclosed open-market sales of Common Stock executed in mid-April and her resulting direct share ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
