Remitly executive exercises options, sells 10K shares
Remitly Global, Inc. Chief Business Officer Pankaj Sharma exercised stock options and sold shares in a planned transaction.
Rhea-AI Filing Summary
Remitly Global, Inc. Chief Business Officer Pankaj Sharma exercised stock options and sold shares in a planned transaction. On April 1, 2026, he exercised options to acquire 10,000 shares of common stock at an exercise price of $1.70 per share. The same day, he sold 10,000 shares of common stock at a weighted average price of $15.26 per share under a Rule 10b5-1 trading plan adopted on November 18, 2025. After these transactions, Sharma directly owned 665,878 shares of Remitly common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 10,000 shares ($136K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Sharma Pankaj
Role
Chief Business Officer
Sold
10,000 shs ($153K)
Approx. gross sale proceeds
$153K
Approx. exercise cost
$17K
Approx. pre-tax spread
$136K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,500 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,500 | $1.70 | $13K |
| Exercise | Common Stock | 2,500 | $1.70 | $4K |
| Sale | Common Stock | 10,000 | $15.26 | $153K |
Holdings After Transaction:
Stock Option (right to buy) — 30,000 contracts (Direct);
Common Stock — 665,878 shares (Direct)
Footnotes (4)
- 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 $15.12 to $15.55 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.
- F3. The option became fully vested and exercisable on January 29, 2022.
- F4. The option became fully vested and exercisable on August 31, 2022.
Key Figures
Options exercised: 10,000 shares at $1.70
Shares sold: 10,000 shares at $15.26
Post-transaction holdings: 665,878 shares
+2 more
5 metrics
Options exercised
10,000 shares at $1.70
Stock option exercises on April 1, 2026
Shares sold
10,000 shares at $15.26
Weighted average sale price on April 1, 2026
Post-transaction holdings
665,878 shares
Common stock directly owned after transactions
Sale price range
$15.12–$15.55
Range of prices for multiple sale transactions
Option expiration dates
2028-02-02 and 2028-08-31
Original expiration of exercised options
Key Terms
Stock Option (right to buy), Rule 10b5-1 trading plan, weighted average price, open-market sale, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
Rule 10b5-1 trading plan regulatory
"transaction was effected automatically pursuant to a Rule 10b5-1 trading plan"
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.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
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.
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Remitly (RELY) executive Pankaj Sharma do in this Form 4 filing?
Pankaj Sharma exercised stock options for 10,000 shares at $1.70 and sold 10,000 Remitly common shares at a weighted average price of $15.26, all on April 1, 2026, as disclosed in this Form 4.
What stock options did Pankaj Sharma exercise for Remitly (RELY)?
He exercised stock options covering 10,000 shares of Remitly common stock at a $1.70 exercise price. Footnotes state these options had become fully vested and exercisable on January 29, 2022 and August 31, 2022, before being exercised on April 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
