Remitly Global (NASDAQ: RELY) CFO sells 25,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. Chief Financial Officer Vikas D. Mehta reported an open-market sale of 25,000 shares of common stock on March 3, 2026 at $17.50 per share. The trade was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2025, and left him holding 862,759 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,000 shares ($437,500)
Net Sell
1 txn
Insider
Mehta Vikas D
Role
Chief Financial Officer
Sold
25,000 shs ($438K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $17.50 | $438K |
Holdings After Transaction:
Common Stock — 862,759 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Remitly (RELY) report for its CFO?
Remitly reported that CFO Vikas D. Mehta sold 25,000 shares of common stock in an open-market transaction at $17.50 per share. This trade was disclosed in a Form 4 insider filing and reflects a planned sale executed under a Rule 10b5-1 trading plan.
Was the Remitly (RELY) CFO stock sale made under a Rule 10b5-1 plan?
Yes. The filing states the sale was effected automatically under a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2025. Such plans pre-schedule trades, helping insiders transact without making real-time trading decisions.
What role does the insider involved in the Remitly (RELY) Form 4 hold?
The insider in this Form 4 is Vikas D. Mehta, who serves as Remitly’s Chief Financial Officer. His officer status is explicitly identified in the filing, which notes that he is not a director or ten percent owner but an executive officer.