[Form 4] Remitly Global, Inc. Insider Trading Activity
Remitly Global director Phillip John Riese reported option exercise and concurrent share sale on 09/05/2025. He exercised a stock option with a $0.64 exercise price to acquire 5,000 shares and immediately sold 5,000 shares under a Rule 10b5-1 trading plan at a weighted average price of $20.00 to $20.02. Following these transactions he beneficially owned 112,496 common shares and held derivative securities representing 485,000 underlying shares. The reporting was signed by an attorney-in-fact on 09/09/2025. The filing notes the option became fully vested and exercisable on December 15, 2017.
Il direttore globale di Remitly, Phillip John Riese, ha comunicato l'esercizio di opzioni e la contemporanea vendita di azioni il 05/09/2025. Ha esercitato un'opzione con prezzo di esercizio di $0,64 per acquisire 5.000 azioni e ha immediatamente venduto 5.000 azioni nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 a un prezzo medio ponderato compreso tra $20,00 e $20,02. Dopo queste operazioni deteneva la titolarit脿 beneficiaria di 112.496 azioni ordinarie e strumenti derivati rappresentanti 485.000 azioni sottostanti. La comunicazione 猫 stata firmata per procura il 09/09/2025. Il modulo specifica che l'opzione era diventata completamente esercitabile il 15 dicembre 2017.
El director global de Remitly, Phillip John Riese, inform贸 el ejercicio de una opci贸n y la venta concurrente de acciones el 05/09/2025. Ejerci贸 una opci贸n con un precio de ejercicio de $0,64 para adquirir 5.000 acciones y vendi贸 inmediatamente 5.000 acciones bajo un plan de negociaci贸n conforme a la Regla 10b5-1 a un precio medio ponderado de entre $20,00 y $20,02. Tras estas transacciones pose铆a de forma beneficiaria 112.496 acciones ordinarias y manten铆a valores derivados que representan 485.000 acciones subyacentes. La presentaci贸n fue firmada por un apoderado el 09/09/2025. El expediente se帽ala que la opci贸n qued贸 totalmente consolidada y ejercitable el 15 de diciembre de 2017.
Remitly 旮�搿滊矊 鞚挫偓 Phillip John Riese電� 2025-09-05鞐� 鞓奠厴 頄夓偓 氚� 霃欖嫓 欤检嫕 毵る弰毳� 氤搓碃頄堨姷雼堧嫟. 攴鸽姅 頄夓偓臧� $0.64鞚� 鞀ろ啞鞓奠厴鞚� 頄夓偓頃橃棳 5,000欤茧ゼ 旆摑頄堦碃, 瓿щ皵搿� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 臧�欷戫弶攴� 臧�瓴� $20.00~$20.02鞐� 5,000欤茧ゼ 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅 鞚错泟 攴鸽姅 112,496欤检潣 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 氤挫湢頄堦碃, 旮办磮 欤检嫕 485,000欤检棎 頃措嫻頃橂姅 韺岇儩歃濌秾鞚� 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 頃措嫻 氤搓碃靹滊姅 2025-09-09鞐� 雽�毽澑(氩曤雽�毽澑)鞚� 靹滊獏頄堨姷雼堧嫟. 靹滊鞐愲姅 頃措嫻 鞓奠厴鞚� 2017雲� 12鞗� 15鞚检棎 鞕勳爠頌� 氩犾姢韺呺悩鞏� 頄夓偓 臧�電ロ暣臁岆嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Le directeur mondial de Remitly, Phillip John Riese, a d茅clar茅 l'exercice d'une option et la vente concomitante d'actions le 05/09/2025. Il a exerc茅 une option d'achat au prix d'exercice de 0,64 $ pour acqu茅rir 5 000 actions, puis a imm茅diatement vendu 5 000 actions dans le cadre d'un plan de trading conforme 脿 la r猫gle 10b5-1 脿 un prix moyen pond茅r茅 compris entre 20,00 $ et 20,02 $. 脌 la suite de ces op茅rations, il d茅tenait avantageusement 112 496 actions ordinaires et des instruments d茅riv茅s repr茅sentant 485 000 actions sous-jacentes. La d茅claration a 茅t茅 sign茅e par un mandataire le 09/09/2025. Le dossier indique que l'option est devenue enti猫rement acquise et exer莽able le 15 d茅cembre 2017.
Remitly Global-Direktor Phillip John Riese meldete am 05.09.2025 die Aus眉bung einer Option und den gleichzeitigen Aktienverkauf. Er 眉bte eine Aktienoption mit einem Aus眉bungspreis von $0,64 aus, um 5.000 Aktien zu erwerben, und verkaufte unmittelbar darauf 5.000 Aktien im Rahmen eines Rule-10b5-1-Handelsplans zu einem gewichteten Durchschnittspreis von $20,00 bis $20,02. Nach diesen Transaktionen war er wirtschaftlicher Eigent眉mer von 112.496 Stammaktien und hielt derivative Instrumente, die 485.000 zugrunde liegende Aktien repr盲sentieren. Die Meldung wurde am 09.09.2025 von einem Bevollm盲chtigten unterzeichnet. In der Einreichung wird angegeben, dass die Option am 15. Dezember 2017 vollst盲ndig unverfallbar und aus眉bbar geworden war.
- Sale executed under a Rule 10b5-1 trading plan, indicating the transaction was pre-planned
- Option exercise price of $0.64 and sale proceeds at a weighted average of approximately $20.00 per share created clear realized value
- Option was fully vested since December 15, 2017, showing no recent vesting acceleration
- Decrease in direct beneficial ownership by 5,000 common shares (from 117,496 to 112,496)
- Insider sold shares which represents a partial divestment of holdings
Insights
TL;DR: Routine insider exercise and sale executed under a 10b5-1 plan; results in a modest reduction in outstanding personal common shares.
The filing documents a contemporaneous exercise of an in-the-money option at $0.64 and an immediate sale of the same number of shares under a pre-established Rule 10b5-1 plan at roughly $20.00 each, crystallizing value from longstanding equity compensation. This is a standard liquidity event for insiders and reduces the reporting person鈥檚 direct common stock holdings from 117,496 to 112,496 shares while leaving material derivative exposure of 485,000 underlying shares.
TL;DR: Transaction followed formal trading-plan mechanics, suggesting pre-planned liquidity rather than opportunistic trading.
The Form 4 explicitly indicates the sale was effected pursuant to a Rule 10b5-1 trading plan, which provides an affirmative defense to insider trading claims when conditions are met. The report also discloses that the exercised option was fully vested since 2017, indicating no recent acceleration of vesting. From a governance perspective this is a documented, routine insider monetization event with transparent disclosure.
Il direttore globale di Remitly, Phillip John Riese, ha comunicato l'esercizio di opzioni e la contemporanea vendita di azioni il 05/09/2025. Ha esercitato un'opzione con prezzo di esercizio di $0,64 per acquisire 5.000 azioni e ha immediatamente venduto 5.000 azioni nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 a un prezzo medio ponderato compreso tra $20,00 e $20,02. Dopo queste operazioni deteneva la titolarit脿 beneficiaria di 112.496 azioni ordinarie e strumenti derivati rappresentanti 485.000 azioni sottostanti. La comunicazione 猫 stata firmata per procura il 09/09/2025. Il modulo specifica che l'opzione era diventata completamente esercitabile il 15 dicembre 2017.
El director global de Remitly, Phillip John Riese, inform贸 el ejercicio de una opci贸n y la venta concurrente de acciones el 05/09/2025. Ejerci贸 una opci贸n con un precio de ejercicio de $0,64 para adquirir 5.000 acciones y vendi贸 inmediatamente 5.000 acciones bajo un plan de negociaci贸n conforme a la Regla 10b5-1 a un precio medio ponderado de entre $20,00 y $20,02. Tras estas transacciones pose铆a de forma beneficiaria 112.496 acciones ordinarias y manten铆a valores derivados que representan 485.000 acciones subyacentes. La presentaci贸n fue firmada por un apoderado el 09/09/2025. El expediente se帽ala que la opci贸n qued贸 totalmente consolidada y ejercitable el 15 de diciembre de 2017.
Remitly 旮�搿滊矊 鞚挫偓 Phillip John Riese電� 2025-09-05鞐� 鞓奠厴 頄夓偓 氚� 霃欖嫓 欤检嫕 毵る弰毳� 氤搓碃頄堨姷雼堧嫟. 攴鸽姅 頄夓偓臧� $0.64鞚� 鞀ろ啞鞓奠厴鞚� 頄夓偓頃橃棳 5,000欤茧ゼ 旆摑頄堦碃, 瓿щ皵搿� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 臧�欷戫弶攴� 臧�瓴� $20.00~$20.02鞐� 5,000欤茧ゼ 毵る弰頄堨姷雼堧嫟. 鞚� 瓯半灅 鞚错泟 攴鸽姅 112,496欤检潣 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 氤挫湢頄堦碃, 旮办磮 欤检嫕 485,000欤检棎 頃措嫻頃橂姅 韺岇儩歃濌秾鞚� 氤挫湢頃橁碃 鞛堨棃鞀惦媹雼�. 頃措嫻 氤搓碃靹滊姅 2025-09-09鞐� 雽�毽澑(氩曤雽�毽澑)鞚� 靹滊獏頄堨姷雼堧嫟. 靹滊鞐愲姅 頃措嫻 鞓奠厴鞚� 2017雲� 12鞗� 15鞚检棎 鞕勳爠頌� 氩犾姢韺呺悩鞏� 頄夓偓 臧�電ロ暣臁岆嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Le directeur mondial de Remitly, Phillip John Riese, a d茅clar茅 l'exercice d'une option et la vente concomitante d'actions le 05/09/2025. Il a exerc茅 une option d'achat au prix d'exercice de 0,64 $ pour acqu茅rir 5 000 actions, puis a imm茅diatement vendu 5 000 actions dans le cadre d'un plan de trading conforme 脿 la r猫gle 10b5-1 脿 un prix moyen pond茅r茅 compris entre 20,00 $ et 20,02 $. 脌 la suite de ces op茅rations, il d茅tenait avantageusement 112 496 actions ordinaires et des instruments d茅riv茅s repr茅sentant 485 000 actions sous-jacentes. La d茅claration a 茅t茅 sign茅e par un mandataire le 09/09/2025. Le dossier indique que l'option est devenue enti猫rement acquise et exer莽able le 15 d茅cembre 2017.
Remitly Global-Direktor Phillip John Riese meldete am 05.09.2025 die Aus眉bung einer Option und den gleichzeitigen Aktienverkauf. Er 眉bte eine Aktienoption mit einem Aus眉bungspreis von $0,64 aus, um 5.000 Aktien zu erwerben, und verkaufte unmittelbar darauf 5.000 Aktien im Rahmen eines Rule-10b5-1-Handelsplans zu einem gewichteten Durchschnittspreis von $20,00 bis $20,02. Nach diesen Transaktionen war er wirtschaftlicher Eigent眉mer von 112.496 Stammaktien und hielt derivative Instrumente, die 485.000 zugrunde liegende Aktien repr盲sentieren. Die Meldung wurde am 09.09.2025 von einem Bevollm盲chtigten unterzeichnet. In der Einreichung wird angegeben, dass die Option am 15. Dezember 2017 vollst盲ndig unverfallbar und aus眉bbar geworden war.
FAQ
What did Remitly (RELY) director Phillip John Riese do on 09/05/2025?
How many shares does Phillip John Riese beneficially own after the reported transactions?
Was the sale pre-planned or discretionary?
What price were the shares sold at in the Form 4 filing?
When did the option exercised become fully vested?
