Remitly (RELY) Director Nigel W. Morris Sells 31,000 Shares

What Happened
Nigel W. Morris, a director of Remitly Global, Inc. (RELY), sold a total of 31,000 shares in open-market transactions. On 2026-08-13 he disposed of 11,000 shares at a weighted average price of $25.59 for proceeds of $281,490, and on 2026-08-14 he disposed of 20,000 shares at a weighted average price of $26.20 for proceeds of $524,000 — about $805,490 combined. These were sales (S), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-08-13: 11,000 shares sold, weighted avg. $25.59 (range reported: $25.00–$25.70). (Footnote F1)
  • 2026-08-14: 20,000 shares sold, weighted avg. $26.20 (range reported: $25.93–$26.68). (Footnote F2)
• Total shares sold: 31,000; total proceeds ≈ $805,490.
• Shares owned after the transactions: not disclosed in the information provided in this summary/Form 4 excerpt.
• Filing timeliness: Form 4 was filed on 2026-08-17 and covers trades on 8/13–8/14; the filing appears to be timely (filed within the SEC’s two-business-day window).
• Footnotes: Both F1 and F2 note weighted-average pricing across multiple trades and offer to provide per-trade counts/prices on request.

Context
These were open-market sales by a company director. Sales by insiders are common for liquidity or portfolio management and do not, by themselves, imply a change in company outlook. Purchases are generally more informative of insider conviction. This summary is factual and does not speculate on the insider’s motives.