[Form 4] Remitly Global, Inc. Insider Trading Activity
Matthew B. Oppenheimer, Chief Executive Officer and Director of Remitly Global, Inc. (RELY), reported two sales of common stock executed under a Rule 10b5-1 trading plan. On 09/23/2025 he sold 14,583 shares at a weighted-average price of $16.68, leaving 4,544,354 shares beneficially owned. On 09/24/2025 he sold another 14,583 shares at a weighted-average price of $16.58, leaving 4,529,771 shares beneficially owned. The sales were signed on behalf of the reporting person by an attorney-in-fact on 09/25/2025. The filing discloses price ranges for individual transactions within each weighted-average figure.
- Transactions were executed under a Rule 10b5-1 trading plan, indicating preplanned sales
- Filing provides weighted-average prices and price ranges, offering execution transparency
- Form 4 was timely and properly signed by an attorney-in-fact, indicating procedural compliance
- Reporting person reduced beneficial ownership by 29,166 shares over two days
- Filing does not disclose exact per-trade share counts at each price; only weighted-average and ranges are provided
Insights
TL;DR: Routine, preplanned insider sales under a 10b5-1 plan by the CEO; no governance red flags disclosed.
The filing shows two small, systematic dispositions totaling 29,166 shares executed under a Rule 10b5-1 plan. These trades were processed over two days with weighted-average prices provided and do not indicate emergency liquidity or a sudden change in role. The filing is compliant with Section 16 reporting and includes an attorney-in-fact signature, suggesting administrative handling rather than atypical governance activity.
TL;DR: Insider sales equal roughly 0.64% of reported holdings; transaction size appears immaterial to ownership stake.
The CEO reduced beneficial holdings from 4,544,354 to 4,529,771 shares across two days, selling 29,166 shares in total. Given the remaining position magnitude, these sales are small relative to total holdings and were executed under a preexisting trading plan. The filing includes weighted-average prices and notes that individual trade prices fall within disclosed ranges, providing transparency on execution.