Remitly exec sells shares under 10b5-1 plan
Remitly Global, Inc. Chief Product and Tech Officer Ankur Sinha reported an open-market sale of 7,596 shares of common stock at a weighted average price of $21.07 per share.
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Rhea-AI Filing Summary
Remitly Global, Inc. Chief Product and Tech Officer Ankur Sinha reported an open-market sale of 7,596 shares of common stock at a weighted average price of $21.07 per share. A separate 25,252-share disposition was made to cover tax withholding on vesting restricted stock units, and both transactions occurred under a pre-arranged Rule 10b5-1 trading plan. After these transactions, Sinha continued to hold over 1.2 million shares directly, indicating a relatively small, largely routine adjustment to his position.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 25,252 | $21.58 | $545K |
| Sale | Common Stock | 7,596 | $21.07 | $160K |
Footnotes (3)
- F1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- F2. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025.
- F3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.29 to $21.55 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
Key Terms
Rule 10b5-1 trading plan financial
restricted stock units financial
tax withholding obligations financial
weighted average price financial
open-market sale financial
tax-withholding disposition financial
FAQ
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What insider transactions did Remitly Global (RELY) report for Ankur Sinha?
Were Ankur Sinha’s Remitly Global (RELY) transactions under a Rule 10b5-1 plan?
What does the tax-withholding transaction mean for Remitly Global (RELY) investors?
AI-generated analysis. How Rhea-AI works. Not financial advice.