Form 4: Remitly CEO Sells Shares Under 10b5-1 Plan

Remitly Global CEO Matthew B. Oppenheimer sold 29,166 shares of common stock in October 2025 through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Matthew B. Oppenheimer, Chief Executive Officer and Director of Remitly Global, Inc. (RELY), reported sales of common stock.
• On October 15, 2025, 14,583 shares were sold at a weighted average price of $15.59 per share, with individual transaction prices ranging from $15.36 to $15.86.
• On October 16, 2025, an additional 14,583 shares were sold at a weighted average price of $15.39 per share, with individual transaction prices ranging from $15.22 to $15.58.
• These transactions were executed automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Oppenheimer.
• Following these transactions, Mr. Oppenheimer beneficially owns 4,500,605 shares of Remitly Global, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the share sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates a planned, non-discretionary transaction rather than a reaction to new company-specific information.

Negatives

• Insider selling by the CEO, even if pre-arranged, can sometimes be perceived negatively by some investors, potentially signaling a desire to diversify personal holdings.
• The sale reduces the CEO's direct equity stake in the company by a total of 29,166 shares.

Future Outlook

NA

Management Comments

• This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Industry Context

This Form 4 filing is specific to an individual insider transaction and does not provide broader industry context or trends for the financial technology or remittance sector.

Stakeholder Impact

• Shareholders: May observe a slight negative sentiment due to insider selling, though this is largely mitigated by the pre-arranged nature of the Rule 10b5-1 plan.

Key Dates

Recommendation

The reported transactions are routine sales executed under a pre-established Rule 10b5-1 trading plan. These planned sales typically do not signal a change in the company's fundamental outlook or management's confidence, as they are non-discretionary. Therefore, this filing alone does not warrant a change in investment recommendation, suggesting a 'hold' position for existing investors.

Keywords

Remitly Global, RELY, Matthew Oppenheimer, CEO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Beneficial Ownership