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  4. [Form 4] Remitly Global, Inc. Insider Trading Activity

Form 4: Remitly (RELY) insider trades 5,000 shares under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

On June 17, 2025, Remitly Global, Inc. (RELY) director Phillip John Riese reported a routine insider transaction. Acting under a pre-arranged Rule 10b5-1 trading plan, he exercised 5,000 stock options at an exercise price of $0.64 and immediately sold an equal number of common shares at $20.48 per share. The option grant, fully vested since December 15, 2017, expires on January 30, 2027. After the sale, Riese continues to own 117,496 shares directly and 495,000 outstanding options. The Form 4 was signed by attorney-in-fact Jeff Mason on June 18, 2025.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small, pre-planned sale; no material signal for fundamentals.

This Form 4 reflects a modest 5,000-share sale worth roughly $102,000—immaterial given Remitly’s market capitalization and the insider’s remaining stake. The transaction was paired with an option exercise, indicating cashless monetization rather than a directional bet. Because the sale was executed under a Rule 10b5-1 plan, it carries limited informational value for assessing current performance or future outlook. I view the filing as neutral for investors.

TL;DR: Compliance appears solid; routine activity, low governance concern.

The director followed best-practice disclosure: a timely filing, explicit 10b5-1 reference, and attorney-in-fact signature. Ownership remains significant at over 117k shares plus 495k options, preserving alignment with shareholders. No red flags emerge regarding control changes or concentrated selling. Overall governance impact is minimal.

Insider Riese Phillip John
Role Director
Sold 5,000 shs ($102K)
Type Security Shares Price Value
Exercise Stock Option (right to buy) 5,000 $0.00 --
Exercise Common Stock 5,000 $0.64 $3K
Sale Common Stock 5,000 $20.48 $102K
Holdings After Transaction: Stock Option (right to buy) — 495,000 shares (Direct); Common Stock — 122,496 shares (Direct)
Footnotes (1)
  1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The option became fully vested and exercisable on December 15, 2017.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Riese Phillip John
(Last) (First) (Middle)
C/O REMITLY GLOBAL, INC.
401 UNION STREET, SUITE 1000
(Street)
SEATTLE WA 98101
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 06/17/2025 M 5,000 A $0.64 122,496 D
Common Stock 06/17/2025 S(1) 5,000 D $20.48 117,496 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $0.64 06/17/2025 M 5,000 (2) 01/30/2027 Common Stock 5,000 $0 495,000 D
Explanation of Responses:
1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
2. The option became fully vested and exercisable on December 15, 2017.
Remarks:
/s/ Jeff Mason as attorney-in-fact 06/18/2025
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares did Remitly (RELY) director Phillip Riese sell?

He sold 5,000 common shares on June 17, 2025.

What price did the insider receive for the RELY shares?

The shares were sold at $20.48 per share under a Rule 10b5-1 plan.

Did the insider exercise stock options before selling?

Yes, he exercised 5,000 options at an exercise price of $0.64 immediately prior to the sale.

How many Remitly shares does Phillip Riese still own after the transaction?

Riese holds 117,496 shares directly plus 495,000 outstanding options.

Is this insider sale considered material for investors?

Given the small size and 10b5-1 plan, experts classify the impact as neutral and not fundamentally material.