Remitly (NASDAQ: RELY) director trims stake, still holds 1.8M shares
Rhea-AI Filing Summary
Remitly Global, Inc. (RELY) director Nigel W. Morris reported selling 16,751 shares of common stock on 2026-08-24 in an open market or private transaction. The sale was executed at a weighted average price of $26.56 per share, with individual trades ranging from $26.50 to $26.79. Following this transaction, Morris reported owning 1,811,056 shares of Remitly common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,751 shares
Net Sell
1 txn
Insider
MORRIS NIGEL W
Role
Director
Sold
16,751 shs ($445K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 16,751 | $26.56 | $445K |
Holdings After Transaction:
Common Stock — 1,811,056 shares (Direct)
Footnotes (1)
- F1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $26.79 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.
Key Figures
Shares sold: 16,751 shares
Weighted average sale price: $26.56 per share
Sale price range low: $26.50 per share
+2 more
5 metrics
Shares sold
16,751 shares
Common stock sale by Nigel W. Morris on 2026-08-24
Weighted average sale price
$26.56 per share
Price for the 16,751 shares sold on 2026-08-24
Sale price range low
$26.50 per share
Lowest price among multiple sale transactions
Sale price range high
$26.79 per share
Highest price among multiple sale transactions
Shares owned after transaction
1,811,056 shares
Direct holdings of Nigel W. Morris following the sale
Key Terms
Weighted average price, open market or private transaction, transaction code, Form 4
4 terms
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.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
transaction code regulatory
"transaction_code_description: Sale in open market or private transaction"
Form 4 regulatory
"Form 4 filing for insider transactions in issuer common stock"
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.
FAQ
What insider transaction did RELY director Nigel W. Morris report?
Nigel W. Morris reported a sale of 16,751 shares of Remitly Global, Inc. common stock on 2026-08-24 in an open market or private transaction at a weighted average price of $26.56 per share.
What does the weighted average price mean in the RELY Form 4 for Nigel W. Morris?
The filing states the $26.56 figure is a weighted average price for multiple trades between $26.50 and $26.79. The reporting person undertakes to provide full trade-by-trade pricing details upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.