SCHEDULE: FMR LLC Discloses Stake in Remitly Global Inc.

FMR LLC and Abigail P. Johnson have reported a significant beneficial ownership stake of 10.3% in Remitly Global Inc. as of June 30, 2026.

Summary

• FMR LLC, along with Abigail P. Johnson, has filed a Schedule 13G, indicating a beneficial ownership of 21,762,765.05 shares of Remitly Global Inc. common stock.
• This ownership stake represents 10.3% of the class of securities.
• The filing is an amendment (Amendment No. 1) and the event date requiring the filing is June 30, 2026.
• FMR LLC is classified as an Investment Adviser (IA) and a Holding Company (HC).
• Abigail P. Johnson is identified as an Insider (IN).
• The filing confirms that FMR LLC has sole voting power and sole dispositive power over the reported shares.
• Other persons are known to have the right to receive or the power to direct dividends or sale proceeds, but no single other person's interest exceeds five percent.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant institutional investor's stake without providing operational details of the company itself.

Positives

• FMR LLC, a significant investment management entity, has publicly disclosed a substantial ownership in Remitly Global Inc., which can be interpreted as a vote of confidence.
• The filing indicates clear sole voting and dispositive power, suggesting straightforward control over the reported shares.

Negatives

• The filing does not contain any negative financial results or operational challenges for Remitly Global Inc. itself, as it is a disclosure of ownership by a third party.

Risks

• The filing does not explicitly mention any risks related to Remitly Global Inc.'s operations or financial health. The risks are inherent to any investment in publicly traded securities.
• Potential for changes in beneficial ownership by FMR LLC could impact the stock price.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Remitly Global Inc.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that significant ownership disclosures by major investment firms like FMR LLC often signal institutional conviction in a company's long-term prospects within the fintech and digital remittance sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by FMR LLC may be viewed positively by existing shareholders, potentially indicating increased institutional interest and stability.
• Management of Remitly Global Inc.: The presence of a large institutional holder like FMR LLC can influence corporate governance and strategic decisions.
• Potential Investors: This filing provides information for potential investors regarding the ownership structure and the presence of a major institutional player.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership stake in Remitly Global Inc.
• Future amendments to this Schedule 13G will be filed if there are material changes in ownership.

Key Dates

Recommendation

This filing is a disclosure of beneficial ownership by FMR LLC and does not provide operational or financial performance data for Remitly Global Inc. Therefore, a 'hold' recommendation is appropriate based solely on this information, pending further analysis of the company's performance and prospects.

Keywords

Remitly Global Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Management, Common Stock, Ownership Stake