Remitly CBO sells 10,000 shares after option exercise
Remitly Global, Inc. Chief Business Officer Pankaj Sharma reported an option exercise and related share sale.
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Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. Chief Business Officer Pankaj Sharma reported an option exercise and related share sale. On April 17, 2026, he exercised stock options to acquire 10,000 shares of common stock at $1.70 per share, then sold 10,000 shares in an open-market transaction at $20.00 per share under a pre-arranged Rule 10b5-1 trading plan adopted on November 18, 2025. Following these transactions, he directly holds 665,878 shares of common stock and 20,000 stock options exercisable at $1.70 per share that expire on August 31, 2028.
Insider Trade Summary 10b5-1
Exercise and Sale: 10,000 shares ($183K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Sharma Pankaj
Role
Chief Business Officer
Sold
10,000 shs ($200K)
Approx. gross sale proceeds
$200K
Approx. exercise cost
$17K
Approx. pre-tax spread
$183K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $1.70 | $17K |
| Sale | Common Stock | 10,000 | $20.00 | $200K |
Holdings After Transaction:
Stock Option (right to buy) — 20,000 contracts (Direct);
Common Stock — 665,878 shares (Direct)
Footnotes (2)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025.
- F2. The option became fully vested and exercisable on August 31, 2022.
Key Figures
Shares sold: 10,000 shares
Sale price: $20.00 per share
Options exercised: 10,000 shares
+4 more
7 metrics
Shares sold
10,000 shares
Open-market sale of common stock on April 17, 2026 at $20.00
Sale price
$20.00 per share
Price for 10,000 common shares sold on April 17, 2026
Options exercised
10,000 shares
Common shares acquired via option exercise on April 17, 2026
Option exercise price
$1.70 per share
Strike price for exercised stock options
Shares held after
665,878 shares
Direct common stock holdings following the transactions
Remaining options
20,000 options
Stock options outstanding after exercise, at $1.70, expiring August 31, 2028
Net share change
-10,000 shares
Net of 10,000 shares sold and 10,000 acquired via exercise
Key Terms
Rule 10b5-1 trading plan, Stock Option (right to buy), derivative exercise/conversion, Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025."
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.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Remitly (RELY) report for Pankaj Sharma?
Remitly reported that Chief Business Officer Pankaj Sharma exercised options for 10,000 shares at $1.70 and sold 10,000 common shares at $20.00. The filing classifies the sale as an open-market transaction and the option activity as a derivative exercise.
At what prices did Pankaj Sharma trade Remitly (RELY) stock?
Pankaj Sharma exercised stock options at an exercise price of $1.70 per share and sold 10,000 Remitly common shares at $20.00 per share. These prices come directly from the Form 4’s transaction detail fields describing the option exercise and the open-market sale.
Was Pankaj Sharma’s Remitly (RELY) stock sale under a 10b5-1 plan?
Yes. A footnote states the transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by Pankaj Sharma on November 18, 2025. Such pre-arranged plans are established in advance and can make trade timing less indicative of discretionary decisions.
What happened to Pankaj Sharma’s Remitly (RELY) stock options in this filing?
He exercised 10,000 stock options, converting them into common shares, and the option grant is now shown with 20,000 options remaining. These options carry a $1.70 exercise price, became fully vested on August 31, 2022, and expire on August 31, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
