The proposed sale of 190,000 shares by director Nigel Morris, with a value near $5M, represents a substantial reduction. Given his minimal direct holdings (3,572 shares), this likely involves shares controlled through entities. Traders should monitor for actual execution of the sale and any Form 4 filings confirming the transaction. The size relative to his known position flags potential insider distribution.
Price Chart
Executive Summary
Director Nigel W. Morris filed a Form 144 to sell 190,000 shares of Remitly Global, Inc., with an estimated aggregate market value of $4,926,700. The shares were acquired via open-market purchases in November 2023 and the filing was made on August 7, 2026. This represents a sizeable planned sale by a director, who also holds only 3,572 shares directly (as of May 2026), suggesting the sale may involve shares held indirectly or via entities. The two filings are identical — a single batch — so the total proposed sale is 190,000 shares.
Key Facts
- Director Nigel W. Morris filed Form 144 to sell 190,000 shares of common stock.
- Estimated aggregate value of proposed sale: $4,926,700.
- Shares acquired via open-market purchases on 11/03/2023 (250,000 shares) and 11/06/2023 (46,428 shares).
- No prior trading activity in last 6 months noted — this is a new sale.
- Director's directly held shares as of 05/13/2026: 3,572 shares.
- The 190,000 shares represent a large majority of the beneficial ownership implied by the purchase history.
Financial Impact
Proposed sale of 190,000 shares at ~$4.93M, representing a meaningful portion of the director's known holdings.
Risk Factors
- Insider selling may signal reduced conviction or upcoming headwinds.
- Additional unregistered selling could pressure the stock if executed in the open market.
- Director's sale may be for personal liquidity/planning, but the large relative size is notable.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (RELY) — Batch item 1 | 0001968582-26-000801 |
| Document: 0001968582-26-000801-index.html | 0001968582-26-000801 |
| Document: 0001968582-26-000801.txt | 0001968582-26-000801 |
| 144 Filing (RELY) — Batch item 4 | 0001968582-26-000801 |
| Document: 0001968582-26-000801-index.html | 0001968582-26-000801 |
| Document: 0001968582-26-000801.txt | 0001968582-26-000801 |
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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