This insider cluster is too small in dollar terms to warrant a directional trade. Monitor for any upcoming earnings or material corporate events that could trigger a larger, more informative cluster. The derivative exercises and sales pattern suggest routine portfolio management, not a bearish view.
Price Chart
Executive Summary
Two directors at Remitly sold a combined ~$1.41M in open-market stock over a 7-day window, with Director Riese Phillip John executing the bulk of the sales ($1.18M) on August 11 at $23.69. Director Nigel W. Morris sold $227K on August 7 at $25.43. The sales follow derivative exercises by Riese at $0 and $0.64 strike prices, suggesting tax-planning or diversification rather than a bearish signal. At $4.9B market cap, the total open-market sales represent ~0.03% of market cap — well below the 0.1% materiality threshold — making this a routine, non-informative cluster. The cross-filing context includes no earnings, restatement, or late-filing events that would amplify the signal under the actuarial verdicts.
Key Financial Metrics
Key Facts
- Two directors sold a total of ~$1.41M in open-market shares over 7 days
- Director Riese Phillip John sold $1.18M on Aug 11 at $23.69 after exercising derivatives at $0 and $0.64
- Director Nigel W. Morris sold $227K on Aug 7 at $25.43
- Total open-market sales represent ~0.03% of $4.9B market cap — trivial
- No earnings, restatement, or late-filing cross-filings to amplify the cluster signal
Financial Impact
Total open-market sales of ~$1.41M represent ~0.03% of $4.9B market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock price continues to decline from current levels
- No material risk from this cluster alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RELY-1786492880578 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | Institutional Cluster | $25.32 | awaiting T+5 | — | $24.68 (−2.53%) |
Oct 21, 2026 4d ago | Press Release | $25.32 | awaiting T+5 | — | $24.68 (−2.53%) |
Oct 21, 2026 5d ago | SC 13G/A | $25.42 | awaiting T+5 | — | $24.68 (−2.91%) |
Oct 7, 2026 18d ago | 144 | $23.52 $24.65 | ▲ +4.80% | ▲ +5.08% | $24.68 (+4.93%) |
Oct 6, 2026 19d ago | 144 | $22.93 $23.49 | ▲ +2.44% | ▲ +3.42% | $24.68 (+7.63%) |
Sep 10, 2026 6w ago | Insider Cluster | $21.99 $21.93 | ▼ −0.27% | ▼ −0.05% | $24.68 (+12.23%) |
Sep 4, 2026 7w ago | Insider Cluster | $24.83 $21.83 | ▼ −12.08% | ▼ −10.96% | $24.68 (−0.60%) |
Aug 31, 2026 7w ago | Insider Cluster | $25.71 $24.07 | ▼ −6.38% | ▼ −6.46% | $24.68 (−4.01%) |
Aug 26, 2026 8w ago | Insider Cluster | $25.99 $26.92 | ▲ +3.60% | ▲ +3.33% | $24.68 (−5.02%) |
Aug 19, 2026 9w ago | Insider Cluster | $24.69 $25.99 | ▲ +5.25% | ▲ +4.13% | $24.68 (−0.04%) |
US Market Status
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