Remitly CFO sells 25,000 shares in open market
Remitly Global, Inc.’s Chief Financial Officer, Vikas D. Mehta, reported selling 25,000 shares of common stock in an open-market transaction at a weighted average price of $21.07 per share.
Rhea-AI Filing Summary
Remitly Global, Inc.’s Chief Financial Officer, Vikas D. Mehta, reported selling 25,000 shares of common stock in an open-market transaction at a weighted average price of $21.07 per share. Following this sale, he directly holds 988,004 shares of Remitly common stock.
On the same date, 19,270 shares were disposed of to cover tax withholding obligations tied to the vesting of restricted stock units, a non‑market transaction. The filing notes that the open‑market sale was executed automatically under a pre‑arranged Rule 10b5‑1 trading plan adopted on November 21, 2025, indicating the timing was set in advance.
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Insider Trade Summary 10b5-1
Net Seller: 25,000 shares
Net Sell
2 txns
Insider
Mehta Vikas D
Role
Chief Financial Officer
Sold
25,000 shs ($527K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 19,270 | $21.58 | $416K |
| Sale | Common Stock | 25,000 | $21.07 | $527K |
Holdings After Transaction:
Common Stock — 988,004 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 $20.27 to $21.59 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
Open-market shares sold: 25,000 shares
Sale average price: $21.07 per share
Price range of sale: $20.27–$21.59 per share
+5 more
8 metrics
Open-market shares sold
25,000 shares
Common stock sale on May 26, 2026
Sale average price
$21.07 per share
Weighted average price for 25,000-share sale
Price range of sale
$20.27–$21.59 per share
Multiple transactions within this range
Tax-withholding shares
19,270 shares
Withheld for RSU tax obligations
Tax-withholding price
$21.58 per share
Price for shares withheld for taxes
Shares held after sale
988,004 shares
Direct holdings after 25,000-share sale
Net buy/sell shares
-25,000 shares
Net open-market activity in transaction summary
10b5-1 plan adoption date
November 21, 2025
Date CFO adopted pre-arranged trading plan
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax withholding obligations, weighted average price
4 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 21, 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.
restricted stock units financial
"Represents shares withheld to satisfy 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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units."
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.27 to $21.59 inclusive."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Remitly (RELY) disclose for its CFO?
Remitly’s CFO, Vikas D. Mehta, reported selling 25,000 shares of common stock in an open‑market transaction and disposing of 19,270 shares to satisfy tax withholding obligations related to restricted stock units vesting, all on May 26, 2026.
At what prices did the Remitly (RELY) CFO’s Form 4 transactions occur?
The CFO’s open‑market sale was executed at a weighted average price of $21.07 per share, with individual trades ranging from $20.27 to $21.59. The tax‑withholding share disposition occurred at $21.58 per share, according to the Form 4 disclosure.
Was the Remitly (RELY) CFO’s stock sale under a Rule 10b5-1 trading plan?
Yes. The filing states the sale transaction was effected automatically under a Rule 10b5‑1 trading plan adopted by the CFO on November 21, 2025. Such plans pre‑schedule trades, indicating the timing was determined in advance rather than decided opportunistically.
AI-generated analysis. How Rhea-AI works. Not financial advice.
