This cluster is too small in dollar terms to warrant a trading reaction. The prior 30-day insider activity showed ~$3M in selling across 7 trades, indicating a persistent but immaterial liquidity-driven pattern. Monitor for larger-scale insider selling (>$5M in a quarter) before inferring bearish conviction.
Price Chart
Executive Summary
Two insiders at Remitly Global (RELY) sold a combined ~$724K in open-market transactions over a one-week window: Director Nigel Morris sold $170K and Chief Business Officer Pankaj Sharma sold $554K. At just 0.013% of market cap ($5.7B), the dollar amounts are trivial and do not convey a material signal — most selling at this scale is liquidity- or plan-driven rather than informational.
Key Financial Metrics
Key Facts
- Director Nigel Morris sold 6,300 shares at $27.03 for $170,289 (open-market)
- Chief Business Officer Pankaj Sharma sold 21,000 shares at $26.39 for $554,190 (open-market)
- Total insider selling: $724,479 over a 7-day window
- Selling represents ~0.013% of RELY's $5.7B market cap — trivial noise
- No insider buying detected in the cluster to offset the selling signal
Financial Impact
$724K in aggregate open-market insider selling, or ~0.013% of market cap
Risk Factors
- Small sample — only two insiders; an isolated plan-driven sale by the CBO could look like a broader pattern
- No context on whether these sales were executed under pre-existing 10b5-1 plans
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-1788588192155 |
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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