Remitly (NASDAQ: RELY) exec sells 10,987 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. executive Somalya Saema, the company’s CLCAO, reported an open-market sale of 10,987 shares of common stock at a weighted average price of $21.24 per share. The transaction was executed automatically under a previously adopted Rule 10b5-1 trading plan. After the sale, Saema directly holds 248,828 shares, indicating that only a small portion of her overall position was sold.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,987 shares ($233,364)
Net Sell
1 txn
Insider
Somalya Saema
Role
CLCAO
Sold
10,987 shs ($233K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,987 | $21.24 | $233K |
Holdings After Transaction:
Common Stock — 248,828 shares (Direct, null)
Footnotes (1)
- This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2025. Weighted average price. These shares were sold in multiple transactions at prices ranging from $21.01 to $21.39 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: 10,987 shares
Weighted average sale price: $21.24 per share
Post-transaction holdings: 248,828 shares
+1 more
4 metrics
Shares sold
10,987 shares
Open-market sale of common stock on April 27, 2026
Weighted average sale price
$21.24 per share
Common stock sale across multiple trades
Post-transaction holdings
248,828 shares
Direct ownership after the reported sale
Price range of sales
$21.01–$21.39 per share
Range of execution prices for the sale transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions at prices ranging..."
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 sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Remitly (RELY) executive Somalya Saema report?
Somalya Saema reported an open-market sale of 10,987 shares of Remitly common stock. The shares were sold at a weighted average price of $21.24 per share across multiple trades, as disclosed in the Form 4 filing’s transaction details.
What does the weighted average price disclosure mean in the Remitly (RELY) Form 4?
The filing notes a weighted average sale price of $21.24 per share. It explains the shares were sold in multiple trades between $21.01 and $21.39, and Saema undertakes to provide the exact breakdown of shares sold at each price upon request.