Form 4: Remitly CEO Exercises Options, Donates Shares

Remitly Global CEO Matthew B. Oppenheimer exercised stock options and subsequently disposed of shares through tax withholding and a charitable donation.

Summary

• CEO Matthew B. Oppenheimer exercised 1,703,027 stock options at an exercise price of $1.70 per share on September 10, 2025.
• Following the exercise, 763,190 shares were withheld by Remitly Global, Inc. at a price of $18.87 per share to cover the option exercise price and withholding taxes.
• On September 11, 2025, Oppenheimer donated 550,000 shares as a gift to a donor-advised fund.
• These transactions were made pursuant to a Rule 10b5-1 plan, indicating they were pre-scheduled.
• After these transactions, Oppenheimer's direct beneficial ownership of common stock is 4,558,937 shares.

Sentiment

Score: 6

Explanation: The exercise of options indicates management confidence, but the significant disposition of shares, even for taxes and charity, slightly tempers the positive sentiment from an investor perspective, as it reduces direct insider ownership. The transactions are pre-planned under a 10b5-1 plan, making them routine.

Positives

• CEO Matthew B. Oppenheimer exercised a significant number of stock options, indicating prior confidence in the company's long-term value.
• The exercise price of $1.70 is substantially lower than the $18.87 price at which shares were withheld for taxes, suggesting a significant unrealized gain for the CEO.
• The donation of shares to a donor-advised fund demonstrates philanthropic activity by the CEO.

Negatives

• The disposition of 763,190 shares for tax withholding and 550,000 shares as a gift reduces the CEO's direct beneficial ownership by a total of 1,313,190 shares.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The Issuer withheld 763,190 shares of common stock from Matthew B. Oppenheimer to satisfy the option exercise price and withholding taxes due in connection with the exercise of options. This transaction was directly between the Reporting Person and the Issuer.

Stakeholder Impact

• Shareholders: The CEO's exercise of options and subsequent disposition of shares (for taxes and charity) are routine insider transactions under a Rule 10b5-1 plan. While the exercise indicates prior confidence, the reduction in direct beneficial ownership is a neutral event for the stock's fundamental outlook.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions by the CEO, including option exercise, tax withholding, and a charitable donation, all executed under a Rule 10b5-1 plan. While the exercise of options at a low strike price indicates prior confidence, the subsequent reduction in direct beneficial ownership through sales for tax purposes and a gift is a neutral event for the stock's fundamental outlook. There is no new information to warrant a change in investment thesis based solely on this filing.

Keywords

Remitly Global, RELY, Matthew B. Oppenheimer, CEO, Stock Options, Insider Trading, Form 4, Share Disposition, Charitable Donation, 10b5-1 Plan