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Remitly (RELY) CBO Sells 9,000 Shares via 10b5-1 Trading Plan

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Pankaj Sharma, Chief Business Officer of Remitly Global, Inc. (RELY), reported two sales under a Rule 10b5-1 trading plan. On 08/13/2025 he sold 5,000 shares at a weighted average price of $19.71. On 08/14/2025 he sold 4,000 shares at $20.00, leaving 182,926 shares beneficially owned after the second reported transaction. The filing was signed by an attorney-in-fact and includes an undertaking to provide detailed per-price sale information on request.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider selling under a Rule 10b5-1 plan; modest quantity relative to many insider holdings, likely neutral for investors.

The filing shows two small open-market dispositions executed automatically under a pre-existing Rule 10b5-1 plan on consecutive days. The reporter sold a total of 9,000 shares at prices between $19.61 and $20.00, with a disclosed weighted average of $19.71 for the first date. Because the sales were made under an established plan and the filer retains 182,926 shares, there is no explicit indication of extraordinary liquidity needs or company-specific negative information in this record alone.

TL;DR: Use of a 10b5-1 plan and attorney-in-fact signature indicates compliance with insider-trading controls; disclosure is procedurally sound.

The report explicitly states the transactions were effected automatically pursuant to a Rule 10b5-1 trading plan and includes an attorney-in-fact signature, which supports procedural compliance and reduces signaling risk. The reporter also committed to supply detailed per-price sale breakdowns on request, enhancing transparency. Absent other disclosures, these routine sales do not by themselves imply governance concerns.

Insider Sharma Pankaj
Role Chief Business Officer
Sold 9,000 shs ($179K)
Type Security Shares Price Value
Sale Common Stock 4,000 $20.00 $80K
Sale Common Stock 5,000 $19.71 $99K
Holdings After Transaction: Common Stock — 182,926 shares (Direct)
Footnotes (1)
  1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.61 to $19.96 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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).
X
 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*
Sharma Pankaj
(Last) (First) (Middle)
C/O REMITLY GLOBAL, INC.
401 UNION STREET, SUITE 1000
(Street)
SEATTLE WA 98101
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Business Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 08/13/2025 S(1) 5,000 D $19.71(2) 186,926 D
Common Stock 08/14/2025 S(1) 4,000 D $20 182,926 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.61 to $19.96 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.
Remarks:
/s/ Jeff Mason as attorney-in-fact 08/14/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did the Remitly (RELY) insider report?

On 08/13/2025 Pankaj Sharma sold 5,000 shares at a weighted average of $19.71; on 08/14/2025 he sold 4,000 shares at $20.00.

Were these sales executed under a trading plan for RELY?

Yes. The filing states the transactions were effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

How many shares does the insider own after the reported transactions?

The reporting person beneficially owned 186,926 shares after the 08/13 sale and 182,926 shares after the 08/14 sale.

Is detailed per-price information available for the sales?

Yes. The filer disclosed a price range of $19.61 to $19.96 for the 08/13 sales and agreed to provide the number of shares sold at each price on request.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Jeff Mason as attorney-in-fact on 08/14/2025.