Remitly director sells 12,000 shares in open trade
Remitly Global, Inc. director Bora Chung reported an open-market sale of 12,000 shares of Common Stock on May 20, 2026 at a weighted average price of $21.42 per share, with trades ranging from $21.38 to $21.45.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Bora Chung reported an open-market sale of 12,000 shares of Common Stock on May 20, 2026 at a weighted average price of $21.42 per share, with trades ranging from $21.38 to $21.45. After this transaction, Chung directly holds 125,317 shares of Remitly stock.
Insider Trade Summary
Net Seller: 12,000 shares
Net Sell
1 txn
Insider
Chung Bora
Role
Director
Sold
12,000 shs ($257K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,000 | $21.42 | $257K |
Holdings After Transaction:
Common Stock — 125,317 shares (Direct)
Footnotes (1)
- F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $21.38 to $21.45 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: 12,000 shares
Weighted average sale price: $21.42 per share
Sale price range: $21.38–$21.45 per share
+1 more
4 metrics
Shares sold
12,000 shares
Open-market sale on May 20, 2026
Weighted average sale price
$21.42 per share
Common Stock sale on May 20, 2026
Sale price range
$21.38–$21.45 per share
Multiple transactions within this range
Shares held after transaction
125,317 shares
Direct ownership following sale
Key Terms
open-market sale, Common Stock, weighted average price, transaction code "S"
4 terms
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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
transaction code "S" regulatory
"transaction_code: "S" indicating a sale in open market"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Remitly (RELY) director Bora Chung report?
Bora Chung reported selling 12,000 shares of Remitly Common Stock in an open-market transaction on May 20, 2026. The filing shows this as a routine Section 16 Form 4 disclosure for a company director, detailing the sale price range and remaining holdings.
What are Bora Chung’s Remitly (RELY) holdings after this Form 4 sale?
Following the reported sale, Bora Chung directly holds 125,317 shares of Remitly Common Stock. This post-transaction figure, disclosed in the Form 4, helps investors understand her remaining ownership stake after disposing of 12,000 shares in the open-market transaction.
Was Bora Chung’s Remitly (RELY) transaction an open-market sale?
Yes. The Form 4 characterizes the transaction as an open-market sale of Common Stock, using transaction code “S.” The description confirms it was a sale in open market or private transaction, with all shares sold on May 20, 2026 within the disclosed price range.
What does the weighted average price disclosure mean in this Remitly (RELY) filing?
The weighted average price of $21.42 reflects multiple trades executed between $21.38 and $21.45. The footnote explains these shares were sold in several transactions and offers to provide full breakdowns of share counts at each price to the issuer, shareholders, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
