Remitly director exercises options, sells shares
Remitly Global, Inc. director Phillip John Riese reported a series of option exercises and share sales.
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Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Phillip John Riese reported a series of option exercises and share sales. On August 7 and 11, 2026, he exercised stock options covering 370,182 shares of common stock at an exercise price of $0.6400 per share, receiving an equal number of common shares. Over the same dates, he sold an aggregate of 260,182 common shares in multiple transactions at weighted average prices of $24.94, $23.69, and $23.77 per share, as detailed in the footnotes.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Riese Phillip John
Role
Director
Sold
260,182 shs ($6.37M)
Approx. gross sale proceeds
$6.37M
Approx. exercise cost
$237K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F4 | 100,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 100,000 | $0.64 | $64K |
| Sale | Common Stock F2 | 50,000 | $23.69 | $1.18M |
| Sale | Common Stock F3 | 50,000 | $23.77 | $1.19M |
| Exercise | Stock Option (right to buy) F4 | 270,182 | $0.00 | $0.00 |
| Exercise | Common Stock | 270,182 | $0.64 | $173K |
| Sale | Common Stock F1 | 160,182 | $24.94 | $3.99M |
Holdings After Transaction:
Stock Option (right to buy) — 69,818 contracts (Direct);
Common Stock — 261,094 shares (Direct)
Footnotes (4)
- F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $24.50 to $25.79 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.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.54 to $24.18 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.
- F3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.31 to $23.99 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.
- F4. The option became fully vested and exercisable on December 15, 2017.
Key Figures
Options exercised: 370,182 shares
Shares sold: 260,182 shares
Option exercise price: $0.6400 per share
+4 more
7 metrics
Options exercised
370,182 shares
Stock options exercised into common stock on August 7 and 11, 2026
Shares sold
260,182 shares
Aggregate common shares sold in reported transactions
Option exercise price
$0.6400 per share
Exercise price for stock options converted into common stock
Sale on Aug 7, 2026
160,182 shares at $24.9400
Weighted average price sale of common stock with range $24.50–$25.79
Sale on Aug 11, 2026
50,000 shares at $23.6900
Weighted average price sale with range $23.54–$24.18
Second sale on Aug 11, 2026
50,000 shares at $23.7700
Weighted average price sale with range $23.31–$23.99
Option expiration date
2027-01-30
Expiration for the exercised stock option grants
Key Terms
Stock Option (right to buy), derivative security, weighted average price
3 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
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) director Phillip John Riese report?
Director Phillip John Riese reported exercising stock options for 370,182 Remitly (RELY) shares at $0.6400 per share and selling 260,182 common shares in market transactions at weighted average prices between $23.31 and $25.79.
How many Remitly (RELY) stock options did Phillip John Riese exercise in August 2026?
He exercised options covering a total of 370,182 shares of Remitly (RELY) common stock at an exercise price of $0.6400 per share, in two tranches dated August 7 and August 11, 2026.
What is the exercise price of the Remitly (RELY) options exercised by Phillip John Riese?
The stock options exercised by Riese had an exercise price of $0.6400 per share. A related footnote explains that the option became fully vested and exercisable on December 15, 2017.
AI-generated analysis. How Rhea-AI works. Not financial advice.
