Form 4: Remitly CBO Pankaj Sharma Sells 16,000 Shares

Remitly Global, Inc. Chief Business Officer Pankaj Sharma sold 16,000 shares of common stock via a 10b5-1 trading plan.

Summary

• Pankaj Sharma, Chief Business Officer of Remitly Global, Inc., sold 16,000 shares of common stock.
• The shares were sold at a weighted average price of $20.01 per share.
• The transaction was executed on May 28, 2026, under a pre-established Rule 10b5-1 trading plan adopted on November 18, 2025.
• Following the sale, the reporting person retains beneficial ownership of 767,810 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed via a pre-planned, automated trading program.

Positives

• The sale was conducted through a pre-planned Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.

Negatives

• The transaction represents a reduction in the executive's direct equity stake in the company.

Risks

• Future share price volatility may impact the value of the remaining 767,810 shares held by the executive.

Future Outlook

No forward-looking guidance regarding company performance was provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not signal a change in company fundamentals or management sentiment.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for executives at publicly traded companies like Remitly to manage personal liquidity while maintaining regulatory compliance.

Stakeholder Impact

• Minimal impact on shareholders as the sale was pre-planned and represents a small portion of the executive's total holdings.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Remitly, RELY, Insider Trading, Form 4, Pankaj Sharma, Stock Sale