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Remitly (NASDAQ: RELY) CBO sells 16,000 shares under 10b5-1 plan

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

Rhea-AI Filing Summary

Remitly Global, Inc. Chief Business Officer Pankaj Sharma sold 16,000 shares of common stock in an open-market transaction at a weighted average price of $20.01 per share on May 28, 2026. Following the sale, he directly owns 767,810 shares. The transaction was effected automatically under a Rule 10b5-1 trading plan adopted on November 18, 2025.

Positive

  • None.

Negative

  • None.
Insider Sharma Pankaj
Role Chief Business Officer
Sold 16,000 shs ($320K)
Type Security Shares Price Value
Sale Common Stock 16,000 $20.01 $320K
Holdings After Transaction: Common Stock — 767,810 shares (Direct, null)
Footnotes (1)
  1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.92 to $20.20 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.
Shares sold 16,000 shares Common stock sold on May 28, 2026
Average sale price $20.01 per share Weighted average sale price for 16,000 shares
Shares owned after transaction 767,810 shares Direct ownership following May 28, 2026 sale
Sale price range $19.92–$20.20 per share Range of individual trade prices for sold shares
Transaction code S SEC code for open-market or private sale
10b5-1 plan adoption date November 18, 2025 Date Pankaj Sharma adopted Rule 10b5-1 plan
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"
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.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions at prices ranging"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Sharma Pankaj
(Last)(First)(Middle)
C/O REMITLY GLOBAL, INC.
401 UNION STREET, SUITE 1000
(Street)
SEATTLE WASHINGTON 98101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Business Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026S(1)16,000D$20.01(2)767,810D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 on November 18, 2025.
2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.92 to $20.20 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.
Remarks:
/s/ Jeff Mason as attorney-in-fact05/29/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Remitly (RELY) report for Pankaj Sharma?

Remitly reported that Chief Business Officer Pankaj Sharma sold 16,000 shares of common stock. The shares were sold in an open-market transaction at a weighted average price of $20.01 per share, as disclosed in a Form 4 insider filing.

At what price did Pankaj Sharma sell Remitly (RELY) shares?

Pankaj Sharma sold 16,000 Remitly shares at a weighted average price of $20.01. The filing notes multiple trades occurred in a price range from $19.92 to $20.20 per share, reflecting execution across several individual transactions.

How many Remitly (RELY) shares does Pankaj Sharma hold after the sale?

After the reported sale, Pankaj Sharma directly holds 767,810 shares of Remitly common stock. This post-transaction ownership figure comes from the Form 4 and shows his remaining equity position following the 16,000-share disposition.

Was Pankaj Sharma’s Remitly (RELY) stock sale under a Rule 10b5-1 plan?

Yes. The filing states the transaction was effected automatically under a Rule 10b5-1 trading plan. This plan was adopted by Pankaj Sharma on November 18, 2025, indicating the trades were pre-arranged rather than discretionary.

What type of transaction was reported in the Remitly (RELY) Form 4?

The Form 4 reports an open-market sale of common stock by Pankaj Sharma. The SEC transaction code is “S,” which indicates a sale in the open market or a private transaction, with 16,000 shares sold on May 28, 2026.

Over what price range were Pankaj Sharma’s Remitly (RELY) shares sold?

The Form 4 footnote explains that the 16,000 shares were sold at prices ranging from $19.92 to $20.20. The reported $20.01 figure is a weighted average across these individual trades within that price range.