The $1.36M director selling cluster is routine in size and composition — no C-suite participation, no buying to offset, and the dollar amount is immaterial for a $5.4B company. Monitor for any upcoming earnings pre-announcement or material news, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Three Remitly directors sold a combined $1.36M in open-market shares over a one-week window. Director Nigel W. Morris alone sold $1.14M across three trades, including $525K at $26.26 on Aug 17. The cluster is 100% selling with no insider buying, and the total value represents ~0.025% of RELY's $5.4B market cap — well below the 0.1% materiality threshold for a $5.4B company. Per the academic literature, cluster sales are weak predictors of forward returns (liquidity-driven, not informational), and the dollar amount is trivial relative to market cap, making this a routine diversification event.
Key Financial Metrics
Key Facts
- Three directors sold a combined $1.36M in open-market transactions over Aug 10-17
- Director Nigel W. Morris sold $1.14M across three trades, including $525K at $26.26
- Total cluster value of $1.36M is only ~0.025% of RELY's $5.4B market cap
- No insider buying occurred in the cluster window
- All three sellers are directors, not C-suite executives
Financial Impact
$1.36M in insider sales, representing ~0.025% of market cap
Risk Factors
- Insider selling could accelerate if directors continue to reduce positions
- No insider buying to signal confidence at current levels
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-1787196748456 |
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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