Remitly (RELY) Chief Business Officer sells 2,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. insider trading report: Chief Business Officer Pankaj Sharma sold 2,000 shares of Remitly Global common stock on 02/11/2026 in an open-market transaction at $13.70 per share. After this sale, Sharma directly owns 218,830 shares of Remitly Global common stock.
The sale was executed automatically under a pre-established Rule 10b5-1 trading plan adopted by Sharma, which is designed to allow insiders to sell shares according to predetermined instructions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($27,400)
Net Sell
1 txn
Insider
Sharma Pankaj
Role
Chief Business Officer
Sold
2,000 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $13.70 | $27K |
Holdings After Transaction:
Common Stock — 218,830 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Remitly (RELY) report for Pankaj Sharma?
Remitly reported that Chief Business Officer Pankaj Sharma sold 2,000 shares of common stock on 02/11/2026. The sale was an open-market transaction at $13.70 per share and was executed under a pre-arranged Rule 10b5-1 trading plan.
What is the role of Pankaj Sharma at Remitly (RELY) in this Form 4?
Pankaj Sharma is identified as an officer of Remitly Global, serving as Chief Business Officer. The Form 4 reports his open-market sale of 2,000 common shares on 02/11/2026 at $13.70 per share, executed under a Rule 10b5-1 trading plan.
Was the Remitly (RELY) insider sale by Pankaj Sharma under a trading plan?
Yes. The filing states the transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by Pankaj Sharma. Such plans pre-schedule trades, helping insiders diversify holdings while reducing concerns about trading on nonpublic information.
Is the Pankaj Sharma Form 4 transaction in Remitly (RELY) a buy or a sell?
The transaction is a sale. The Form 4 lists transaction code “S” and describes an open-market sale of 2,000 Remitly Global common shares at $13.70 per share on 02/11/2026, leaving Sharma with 218,830 directly held shares.