Remitly executive has shares withheld for taxes

Remitly Global, Inc. Chief Business Officer Pankaj Sharma reported a disposition of company stock that was solely to cover taxes on vesting equity.

Rhea-AI Filing Summary

Remitly Global, Inc. Chief Business Officer Pankaj Sharma reported a disposition of company stock that was solely to cover taxes on vesting equity. The filing shows that 15,788 shares of Common Stock were withheld at $21.58 per share to satisfy tax withholding obligations tied to restricted stock units.

These shares were not sold in the open market; they were retained by the company to pay taxes on Sharma’s behalf. After this tax-withholding event, Sharma directly holds 783,810 shares of Remitly Global, Inc. common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 15,788 shares

Exercise Price or Tax Liability 1 txn

Insider Sharma Pankaj

Role Chief Business Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	15,788	$21.58	$341K

Holdings After Transaction: Common Stock — 783,810 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

Key Figures

Shares withheld for taxes: 15,788 shares Tax withholding share value: $21.58 per share Shares held after transaction: 783,810 shares +1 more

4 metrics

Shares withheld for taxes 15,788 shares Withheld to satisfy tax obligations on RSU vesting

Tax withholding share value $21.58 per share Value used for tax-withholding disposition

Shares held after transaction 783,810 shares Direct holdings following tax-withholding event

Tax-withholding transactions 1 event, 15,788 shares Summary of tax-withholding dispositions in this filing

Key Terms

restricted stock units, tax withholding obligations, Form 4, Chief Business Officer

4 terms

restricted stock units financial

"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.

tax withholding obligations financial

"shares withheld to satisfy tax withholding obligations in connection"

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.

Chief Business Officer financial

"officer_title": "Chief Business Officer""

A chief business officer (CBO) is the executive responsible for a company's commercial strategy, partnerships, licensing, and business development—essentially the leader who turns technology or products into paying customers and deals. Investors care because the CBO's choices about partnerships, pricing, market entry and revenue models directly influence how fast a company grows and how much future cash flow or value it can deliver; think of the CBO as the company's head coach for winning business and income.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Remitly Global (RELY) executive Pankaj Sharma report in this Form 4?

Pankaj Sharma reported a disposition of shares to cover taxes, not an open-market sale. The company withheld 15,788 common shares related to vesting restricted stock units to satisfy tax obligations while he retained a substantial remaining shareholding.

How many Remitly (RELY) shares were withheld for Pankaj Sharma’s taxes?

The company withheld 15,788 shares of Remitly common stock to satisfy tax obligations. This withholding is linked to the vesting of restricted stock units and represents a non-market, mechanical transaction rather than a discretionary trade on the open market.

At what price were Pankaj Sharma’s Remitly (RELY) shares valued for tax withholding?

The withheld shares were valued at $21.58 per share for tax purposes. This price reflects the value used to calculate the tax withholding on vesting restricted stock units, rather than a negotiated or open-market sale price on an exchange.

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

Following the tax-withholding event, Pankaj Sharma directly holds 783,810 shares of Remitly common stock. This figure reflects his remaining ownership after 15,788 shares were withheld by the company to satisfy tax obligations associated with restricted stock unit vesting.

Was the Remitly (RELY) Form 4 transaction an open-market sale by Pankaj Sharma?

No, the transaction was not an open-market sale. The shares were withheld by Remitly to cover tax withholding obligations on vesting restricted stock units, meaning the company retained those shares instead of Sharma selling them to outside investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 06:17 PM Learn about SEC filing dates

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).

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/26/2026		F		15,788(1)	D	$21.58	783,810	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

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

Remarks:

	/s/ Jeff Mason as attorney-in-fact	05/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)