RELY Form 4: Officer Saema sold 18,045 shares at $19.08 under 10b5-1
Rhea-AI Filing Summary
Somalya Saema, identified as an officer (title shown as CLCAO) of Remitly Global, Inc. (RELY), reported a sale of 18,045 shares of common stock on 08/07/2025 at a price of $19.08 per share. The Form 4 indicates the transaction was coded S and was executed automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. After the reported disposition, the filing shows the reporting person directly beneficially owned 51,730 shares.
The Form 4 was signed by Jeff Mason as attorney-in-fact on 08/08/2025. The document contains no additional detail about prior holdings beyond the post-transaction balance or the specific terms of the 10b5-1 plan.
Positive
- Transaction executed under a Rule 10b5-1 trading plan
- Reporting person retained 51,730 shares after the sale
Negative
- Reporting person disposed of 18,045 shares on 08/07/2025
- Form 4 provides no additional detail on prior holdings or the terms of the 10b5-1 plan
Insights
TL;DR: Routine officer sale under an established 10b5-1 plan; transaction details and post-sale holdings are disclosed.
The filing documents a single non-derivative sale of 18,045 common shares by officer Somalya Saema on 08/07/2025 at $19.08 per share, with a reported post-transaction direct beneficial ownership of 51,730 shares. The sale is explicitly noted as effected pursuant to a Rule 10b5-1 trading plan, which indicates pre-authorized execution rather than opportunistic, ad hoc trading. For investors, the item is a compliance disclosure with clear numeric detail but does not, by itself, provide new information about Remitlys operating performance or financial condition.
TL;DR: Properly documented insider sale under a 10b5-1 plan with attorney-in-fact signature; standard governance disclosure.
The Form 4 shows the reporting persons disposition was coded S and accompanied by an explanatory remark that the trade was made under a Rule 10b5-1 plan, which is a common governance mechanism to manage insider transactions. The filing includes the transaction date, execution price ($19.08), share quantity sold (18,045) and the remaining directly held shares (51,730), and it is signed by an attorney-in-fact. This record reflects routine regulatory compliance rather than an unusual governance event.