BlackRock (RELY stakeholder) discloses 17.5M Remitly Global shares in 13G/A update
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 17,508,232 shares of Remitly Global Inc. common stock. This represents 8.3% of the outstanding common shares. BlackRock reports sole voting power over 17,254,219 shares and sole dispositive power over 17,508,232 shares, with no shared voting or dispositive power.
The filing explains that these holdings are attributed to certain business units of BlackRock and its subsidiaries and affiliates. Various underlying clients have rights to dividends or sale proceeds, but no single such person has more than five percent of Remitly’s outstanding common shares.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 17,508,232 shares
Percent of class: 8.3%
Sole voting power: 17,254,219 shares
+3 more
6 metrics
Shares beneficially owned
17,508,232 shares
Common stock of Remitly Global Inc reported by BlackRock
Percent of class
8.3%
Portion of Remitly Global Inc common stock owned by BlackRock
Sole voting power
17,254,219 shares
Shares of Remitly Global Inc over which BlackRock has sole voting power
Shared voting power
0 shares
Shares of Remitly Global Inc with shared voting power reported by BlackRock
Sole dispositive power
17,508,232 shares
Shares of Remitly Global Inc BlackRock can solely dispose of
Shared dispositive power
0 shares
Shares of Remitly Global Inc with shared dispositive power reported by BlackRock
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Power of Attorney, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 17,254,219.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 17,508,232.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
Investment Company Act of 1940 regulatory
"investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who signed the amended Schedule 13G for BlackRock regarding Remitly (RELY)?
The filing is signed by Spencer Fleming, a Managing Director at BlackRock, Inc. The signature is supported by a Power of Attorney referenced as Exhibit 24 to the Schedule 13G/A.
How does BlackRock describe the reporting entities in its Remitly (RELY) 13G/A?
BlackRock states the filing reflects securities beneficially owned by certain Reporting Business Units of BlackRock and its subsidiaries, excluding other business units whose holdings are disaggregated under SEC Release No. 34-39538.