Remitly Global (RELY) CFO sells 25K shares in plan trade
Rhea-AI Filing Summary
Remitly Global, Inc. (RELY) reported that Chief Financial Officer Vikas D. Mehta disposed of common stock on August 25, 2026. 19,269 shares were withheld to satisfy tax obligations upon vesting of restricted stock units at $26.59 per share. On the same date, he sold 25,000 shares of common stock at a weighted average price of $26.15 per share, in multiple transactions between $25.83 and $26.39, pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 44,269 shares
Net Sell
2 txns
Insider
Mehta Vikas D
Role
Chief Financial Officer
Sold
25,000 shs ($654K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 19,269 | $26.59 | $512K |
| Sale | Common Stock F2, F3 | 25,000 | $26.15 | $654K |
Holdings After Transaction:
Common Stock — 943,735 shares (Direct)
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 November 21, 2025.
- F3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.83 to $26.39 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 withheld for tax obligations: 19,269 shares of Common Stock
Tax withholding price per share: $26.59 per share
Shares sold by CFO: 25,000 shares of Common Stock
+3 more
6 metrics
Shares withheld for tax obligations
19,269 shares of Common Stock
Withheld on August 25, 2026 to satisfy tax withholding obligations on RSU vesting at $26.59 per share
Tax withholding price per share
$26.59 per share
Price used for 19,269 shares withheld for tax obligations on August 25, 2026
Shares sold by CFO
25,000 shares of Common Stock
Open-market or private sale on August 25, 2026
Weighted average sale price
$26.15 per share
25,000 shares sold in multiple transactions at prices from $25.83 to $26.39
Rule 10b5-1 plan adoption date
November 21, 2025
Plan under which the 25,000-share August 25, 2026 sale was effected automatically
Shares related to exercise price or tax liability (summary)
19,269 shares
TransactionSummary exercisePriceOrTaxLiabilityShares associated with code F withholding
Key Terms
Rule 10b5-1 trading plan, restricted stock units, weighted average price, tax withholding obligations
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan"
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.
restricted stock units financial
"tax withholding obligations in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations in connection"
FAQ
What insider transactions did RELY CFO Vikas D. Mehta report on August 25, 2026?
He reported two transactions: 19,269 RELY shares withheld to cover tax obligations from RSU vesting at $26.59 per share, and a sale of 25,000 shares of common stock at a weighted average price of $26.15 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.