The cluster's dollar value is minimal relative to market cap, but the concentration of C-suite sales (CFO + CBO) without any insider purchases is a mild negative signal. Monitor next earnings (Q3 2026) for guidance changes; the prior 30-day $3.1M in total selling adds to the overhang. No catalyst for a position change here.
Price Chart
Executive Summary
Three Remitly insiders (CFO, CBO, Director) sold a combined $1.65M in open-market and tax-withholding transactions over a 5-day window, representing ~0.03% of the $5.6B market cap. While the open-market sales ($1.2M) are not large relative to company size, the cluster involves two C-suite officers selling concurrently, which warrants attention despite the modest dollar magnitude. The cluster is predominantly a SELL with no offsetting insider purchases, reinforcing a cautious tone around current valuation.
Key Financial Metrics
Key Facts
- CFO Vikas Mehta sold 25,000 shares open-market for $653,750 on 2026-08-25
- CBO Pankaj Sharma sold 21,000 shares open-market for $554,190 on 2026-08-28
- Director Nigel Morris sold 16,800 shares open-market for $445,000 on 2026-08-24
- CEO Sebastian Gunningham submitted 22,809 shares for tax withholding ($606K) — non-discretionary
- Total cluster open-market sales: $1.65M (0.03% of $5.6B market cap)
- No insider open-market purchases in the cluster window
- Prior 30-day insider activity: 7 sells totaling $3.1M
Financial Impact
Open-market sales of $1.65M represent ~0.03% of market cap — below the 0.1% materiality threshold.
Risk Factors
- Continued insider selling without buying may pressure sentiment if earnings decelerate
- Tax-withholding sales by CEO are routine and carry no informational signal
- Open-market sales appear to be pre-arranged (10b5-1 plans) — timing may not reflect bearish conviction
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-1788214144506 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $24.63 | awaiting T+5 | — | $24.21 (−1.71%) |
Oct 21, 2026 6d ago | Institutional Cluster | $25.32 | awaiting T+5 | — | $24.21 (−4.38%) |
Oct 21, 2026 6d ago | Press Release | $25.32 | awaiting T+5 | — | $24.21 (−4.38%) |
Oct 21, 2026 6d ago | SC 13G/A | $25.42 | awaiting T+5 | — | $24.21 (−4.76%) |
Oct 7, 2026 20d ago | 144 | $23.52 $24.65 | ▲ +4.80% | ▲ +5.08% | $24.21 (+2.93%) |
Oct 6, 2026 21d ago | 144 | $22.93 $23.49 | ▲ +2.44% | ▲ +3.42% | $24.21 (+5.58%) |
Sep 10, 2026 6w ago | Insider Cluster | $21.99 $21.93 | ▼ −0.27% | ▼ −0.05% | $24.21 (+10.10%) |
Sep 4, 2026 7w ago | Insider Cluster | $24.83 $21.83 | ▼ −12.08% | ▼ −10.96% | $24.21 (−2.50%) |
Aug 31, 2026 8w ago | Insider Cluster | $25.71 $24.07 | ▼ −6.38% | ▼ −6.46% | $24.21 (−5.83%) |
Aug 26, 2026 8w ago | Insider Cluster | $25.99 $26.92 | ▲ +3.60% | ▲ +3.33% | $24.21 (−6.83%) |
US Market Status
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