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Remitly Global, Inc. (RELY) director exercises options, sells 69,818 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Remitly Global, Inc. director Phillip John Riese exercised a stock option for 69,818 shares of common stock at an exercise price of $0.64 per share and immediately sold the resulting shares. The sales totaled 69,818 shares, executed in two open-market transactions at weighted average prices of $23.54 and $23.55 per share. The option, which became fully vested on December 15, 2017, now shows 0 derivative shares remaining after the exercise.

Positive

  • None.

Negative

  • None.
Insider Riese Phillip John
Role Director
Sold 69,818 shs ($1.64M)
Approx. gross sale proceeds $1.64M
Approx. exercise cost $45K
Approx. pre-tax spread $1.60M
Type Security Shares Price Value
Exercise Stock Option (right to buy) F3 69,818 $0.00 $0.00
Exercise Common Stock 69,818 $0.64 $45K
Sale Common Stock F1 40,000 $23.54 $942K
Sale Common Stock F2 29,818 $23.55 $702K
Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct); Common Stock — 261,094 shares (Direct)
Footnotes (3)
  1. F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.63 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.
  2. F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.56 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.
  3. F3. The option became fully vested and exercisable on December 15, 2017.
Options Exercised 69,818 shares Stock Option (right to buy) exercised on August 12, 2026
Option Exercise Price $0.64 per share Exercise or conversion of derivative security into common stock
Shares Sold Tranche 1 40,000 shares at $23.54 Open-market sale of common stock on August 12, 2026
Shares Sold Tranche 2 29,818 shares at $23.55 Open-market sale of common stock on August 12, 2026
Total Shares Sold 69,818 shares Combined sales reported in the Form 4 transaction summary
Option Expiration Date 2027-01-30 Expiration date of exercised Stock Option (right to buy)
Option Vesting Date December 15, 2017 Footnote states option became fully vested and exercisable
Stock Option (right to buy) financial
"Security title reported as "Stock Option (right to buy)" for derivative"
Exercise or conversion of derivative security financial
"Transaction code M described as "Exercise or conversion of derivative security""
Weighted average price financial
"Footnotes state "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.

FAQ

What did Remitly (RELY) director Phillip John Riese report in this Form 4?
Phillip John Riese exercised 69,818 stock options at $0.64 per share and sold 69,818 common shares in open-market transactions on August 12, 2026.

How many Remitly (RELY) shares did Phillip John Riese sell, and at what prices?
Riese sold 69,818 common shares in two tranches: 40,000 shares at $23.54 and 29,818 shares at $23.55 per share, both reported as weighted average prices.

What stock option did Phillip John Riese exercise at Remitly (RELY)?
He exercised a Stock Option (right to buy) for 69,818 underlying shares of Remitly common stock at an exercise price of $0.64 per share, expiring January 30, 2027.

Were Phillip John Riese’s Remitly (RELY) share sales under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and no footnote states that the August 12, 2026 transactions occurred under a trading plan.

Is the Remitly (RELY) option fully exercised after this Form 4?
Yes. After exercising 69,818 option shares, the report shows 0 derivative shares remaining for this option, which had fully vested and been exercisable since December 15, 2017.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Riese Phillip John
(Last)(First)(Middle)
C/O REMITLY GLOBAL, INC.
401 UNION STREET, SUITE 1000
(Street)
SEATTLE WASHINGTON 98101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/12/2026M69,818A$0.64330,912D
Common Stock08/12/2026S40,000(1)D$23.54290,912D
Common Stock08/12/2026S29,818(2)D$23.55261,094D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)$0.6408/12/2026M69,818 (3)01/30/2027Common Stock69,818$00D
Explanation of Responses:
1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.63 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.
2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.56 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.
3. The option became fully vested and exercisable on December 15, 2017.
Remarks:
/s/ Jeff Mason as attorney-in-fact08/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR