Remitly (RELY) product and tech chief sells 9,741 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. Chief Product and Tech Officer Ankur Sinha reported an open-market sale of 9,741 shares of common stock on March 11, 2026. The shares were sold at a weighted average price of $16.94, in multiple trades between $16.79 and $17.23 per share.
The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025. Following this transaction, Sinha directly holds 1,180,119 shares of Remitly common stock.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 9,741 shares ($165,013)
Net Sell
1 txn
Insider
Sinha Ankur
Role
Chief Product and Tech Officer
Sold
9,741 shs ($165K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,741 | $16.94 | $165K |
Holdings After Transaction:
Common Stock — 1,180,119 shares (Direct)
Footnotes (1)
- This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.79 to $17.23 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.
FAQ
What insider transaction did Remitly (RELY) disclose for Ankur Sinha?
Remitly disclosed that Chief Product and Tech Officer Ankur Sinha sold 9,741 shares of common stock in an open-market transaction on March 11, 2026. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.
Was Ankur Sinha’s Remitly (RELY) stock sale part of a Rule 10b5-1 plan?
Yes. The Form 4 states the transaction was automatically effected under a Rule 10b5-1 trading plan. That plan was adopted by Ankur Sinha on December 10, 2025, indicating the sale was pre-arranged rather than timed discretionarily.
What role does Ankur Sinha hold at Remitly (RELY)?
According to the Form 4, Ankur Sinha serves as Remitly’s Chief Product and Tech Officer. He is reported as an officer of the company, not a director or ten-percent owner, and the disclosed transaction involves his directly held common stock.
How many Remitly (RELY) insider sales are reported in this Form 4?
The Form 4 reports one insider sale transaction for Ankur Sinha. It shows a single non-derivative open-market sale of 9,741 common shares on March 11, 2026, with no accompanying option exercises, gifts, or derivative security transactions.