Form 4: Remitly CEO Matthew Oppenheimer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Remitly Global CEO Matthew Oppenheimer sold shares of the company's common stock on April 9th and 10th, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Matthew B. Oppenheimer, CEO of Remitly Global, Inc., sold shares of common stock on April 9, 2025, and April 10, 2025.
- The sales were executed under a Rule 10b5-1 trading plan.
- On April 9, 2025, 14,583 shares were sold at a weighted average price of $19.52, resulting in Oppenheimer holding 4,300,347 shares.
- On April 10, 2025, another 14,583 shares were sold at a weighted average price of $19.77, leaving Oppenheimer with 4,285,764 shares.
- The prices for the April 9th sales ranged from $18.53 to $20.40, and for the April 10th sales, the prices ranged from $19.32 to $20.09.
Sentiment
Score: 5
Explanation: The document itself is neutral, simply reporting the facts of the stock sales. The sentiment is neutral as the sales were pre-planned.
Industry Context
Insider sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over a period of time while avoiding concerns about trading on non-public information. The market will likely interpret this sale in the context of Remitly's overall performance and future prospects.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, although the existence of a 10b5-1 plan may mitigate concerns.
Key Dates
| Date | Description |
|---|---|
| 04/09/2025 | Matthew Oppenheimer sold 14,583 shares of Remitly common stock at a weighted average price of $19.52. |
| 04/10/2025 | Matthew Oppenheimer sold 14,583 shares of Remitly common stock at a weighted average price of $19.77. |
| 04/11/2025 | Date of filing of the Form 4. |
Keywords
Remitly, Oppenheimer, share sale, Form 4, 10b5-1 plan, RELY, CEO, insider trading
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