STOCK TITAN

Remitly (NASDAQ: RELY) CBO trades 10,000 shares under 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Sharma Pankaj
Role Chief Business Officer
Sold 10,000 shs ($200K)
Type Security Shares Price Value
Exercise Stock Option (right to buy) 10,000 $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 shares (Direct, null); Common Stock — 675,878 shares (Direct, null)
Footnotes (1)
  1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025. The option became fully vested and exercisable on August 31, 2022.
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
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.
SEC Form 4
FORM 4UNITED 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 WASHINGTON 98101

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Business Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/17/2026M10,000A$1.7675,878D
Common Stock04/17/2026S(1)10,000D$20665,878D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)$1.704/17/2026M10,000 (2)08/31/2028Common Stock10,000$020,000D
Explanation of Responses:
1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18, 2025.
2. The option became fully vested and exercisable on August 31, 2022.
Remarks:
/s/ Jeff Mason as attorney-in-fact04/21/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Remitly (RELY) shares does Pankaj Sharma hold after this Form 4?

After the reported transactions, Pankaj Sharma directly holds 665,878 shares of Remitly common stock. He also holds 20,000 stock options with a $1.70 exercise price expiring on August 31, 2028, giving him additional potential equity exposure beyond his current share position.

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.

How large is Pankaj Sharma’s net share change in this Remitly (RELY) Form 4?

The summary data shows 10,000 shares sold and 10,000 shares acquired through option exercise, resulting in a net share change of negative 10,000. Despite this modest reduction, he continues to hold 665,878 shares plus 20,000 remaining stock options.