Remitly CBO sells 16,000 company shares
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary 10b5-1
Net Seller: 16,000 shares
Net Sell
1 txn
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)
Footnotes (2)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025.
- F2. 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.
Key Figures
Shares sold: 16,000 shares
Average sale price: $20.01 per share
Shares owned after transaction: 767,810 shares
+3 more
6 metrics
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
Key Terms
Rule 10b5-1 trading plan, open-market sale, weighted average price, 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"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
