Remitly (RELY) director sells 31,000 shares in mid‑$20s trades
Rhea-AI Filing Summary
Remitly Global, Inc. director Nigel W. Morris reported open-market or private sales of company common stock over two consecutive days. On August 13, 2026, he sold 11,000 shares at a weighted average price of $25.59 per share, with individual trade prices ranging from $25.00 to $25.70. On August 14, 2026, he sold an additional 20,000 shares at a weighted average price of $26.20 per share, with individual trades between $25.93 and $26.68. In total, the filing reports sales of 31,000 shares of Remitly common stock held directly.
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Insights
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Insider Trade Summary
Net Seller: 31,000 shares
Net Sell
2 txns
Insider
MORRIS NIGEL W
Role
Director
Sold
31,000 shs ($805K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 20,000 | $26.20 | $524K |
| Sale | Common Stock F1 | 11,000 | $25.59 | $281K |
Holdings After Transaction:
Common Stock — 1,851,056 shares (Direct)
Footnotes (2)
- F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.70 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.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.93 to $26.68 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 on 2026-08-13: 11,000 shares
Weighted average price on 2026-08-13: $25.59 per share
Shares sold on 2026-08-14: 20,000 shares
+2 more
5 metrics
Shares sold on 2026-08-13
11,000 shares
Common Stock sale by Nigel W. Morris on August 13, 2026
Weighted average price on 2026-08-13
$25.59 per share
Common Stock sale, with individual prices from $25.00 to $25.70
Shares sold on 2026-08-14
20,000 shares
Common Stock sale by Nigel W. Morris on August 14, 2026
Weighted average price on 2026-08-14
$26.20 per share
Common Stock sale, with individual prices from $25.93 to $26.68
Total shares sold
31,000 shares
Sum of reported Common Stock sales on August 13–14, 2026
Key Terms
Weighted average price, open market or private transaction, Rule 10b5-1
3 terms
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.
open market or private transaction financial
"transaction code description: Sale in open market or private transaction"
Rule 10b5-1 regulatory
"The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did RELY director Nigel W. Morris report?
Nigel W. Morris reported two sales totaling 31,000 shares of Remitly Global, Inc. common stock. The sales occurred on August 13 and 14, 2026 in open-market or private transactions at weighted average prices around the mid‑$20s per share.
What was the size and price of Nigel W. Morris’s August 14, 2026 RELY sale?
On August 14, 2026, he sold 20,000 shares of Remitly common stock. The weighted average sale price was $26.20 per share, based on multiple transactions with individual prices ranging from $25.93 to $26.68, as disclosed in the Form 4.
Were Nigel W. Morris’s RELY stock sales under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not reference a trading plan. The filing therefore does not indicate that these Remitly share sales were executed under a pre-arranged 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.