The dollar amount is too small relative to market cap to warrant a bearish read-through. Monitor for any C-suite selling in the coming weeks, which would carry more signal. The earnings release context is neutral — insider sales after earnings are routine and not predictive at this scale.
Price Chart
Executive Summary
Two directors at Remitly sold a total of ~$1.24M in open-market sales over a 7-day window ending May 15, 2026. The cluster occurred just 9 days after the company reported Q1 2026 earnings (8-K filed May 6), suggesting the sales may be catalyzed by the earnings release. At ~0.025% of market cap ($4.9B), the dollar value is trivial and does not signal material bearish conviction.
Key Financial Metrics
Key Facts
- Two directors sold a combined ~$1.24M in open-market sales over 7 days (May 11–15, 2026).
- Sales represent ~0.025% of Remitly's $4.9B market cap — well below the 0.1% materiality threshold.
- Cluster occurred 9 days after Q1 2026 earnings release (8-K filed May 6, 2026).
- Director Hug Joshua sold 47,383 shares total ($1.15M); Director Morris Nigel W sold 3,572 shares ($86K).
- No C-suite insiders participated in the cluster; only board members sold.
Financial Impact
~$1.24M in open-market sales, ~0.025% of market cap
Risk Factors
- If additional C-suite insiders begin selling in the next 30 days, the cluster could become more meaningful.
- The company's Q1 2026 earnings details were not fully parsed — any negative surprise could retroactively color these sales.
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-1778884044424 |
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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