Monitor for actual sale execution via future Form 4 filings; while routine, this adds to recent insider selling activity (6 sells in past 30 days totaling $1.0M), which may signal reduced confidence if trend continues.
Price Chart
Executive Summary
Phillip John Riese, a director of Remitly, filed a Form 144 to sell up to 40,000 shares of common stock, valued at approximately $785,200 based on current market prices. The shares are being sold following the exercise of stock options.
Key Facts
- Reporting person: Phillip John Riese, Director of Remitly Global, Inc.
- Proposed sale of 40,000 shares of common stock
- Approximate value: $785,200 based on current market price (~$19.63 per share)
- Shares originated from exercise of stock options on April 17, 2026
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
- No immediate sale has occurred; this is an advance notice of intent to sell
Financial Impact
Potential dilution or market impact is minimal; $785,200 represents less than 0.02% of Remitly's $4.1B market cap
Risk Factors
- Potential downward pressure on stock if sale is executed near-term
- Perception of insider selling could affect sentiment, especially following recent equity grants or stock performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-003611 |
| Document: 0001950047-26-003611-index.html | 0001950047-26-003611 |
| Document: 0001950047-26-003611.txt | 0001950047-26-003611 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $25.32 | awaiting T+5 | — | $24.57 (−2.96%) |
Oct 21, 2026 5d ago | Press Release | $25.32 | awaiting T+5 | — | $24.57 (−2.96%) |
Oct 21, 2026 5d ago | SC 13G/A | $25.42 | awaiting T+5 | — | $24.57 (−3.34%) |
Oct 7, 2026 19d ago | 144 | $23.52 $24.65 | ▲ +4.80% | ▲ +5.08% | $24.57 (+4.46%) |
Oct 6, 2026 20d ago | 144 | $22.93 $23.49 | ▲ +2.44% | ▲ +3.42% | $24.57 (+7.15%) |
Sep 10, 2026 6w ago | Insider Cluster | $21.99 $21.93 | ▼ −0.27% | ▼ −0.05% | $24.57 (+11.73%) |
Sep 4, 2026 7w ago | Insider Cluster | $24.83 $21.83 | ▼ −12.08% | ▼ −10.96% | $24.57 (−1.05%) |
Aug 31, 2026 8w ago | Insider Cluster | $25.71 $24.07 | ▼ −6.38% | ▼ −6.46% | $24.57 (−4.43%) |
Aug 26, 2026 8w ago | Insider Cluster | $25.99 $26.92 | ▲ +3.60% | ▲ +3.33% | $24.57 (−5.45%) |
Aug 19, 2026 9w ago | Insider Cluster | $24.69 $25.99 | ▲ +5.25% | ▲ +4.13% | $24.57 (−0.49%) |
US Market Status
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