Remitly (RELY) Director Riese Phillip John Sells After Exercising Options

What Happened

• Riese Phillip John, a director of Remitly Global, exercised a total of 370,182 options (270,182 on 2026-08-07 and 100,000 on 2026-08-11) at a strike price of $0.64 (total exercise cost reported $236,916). He then sold 260,182 shares in open-market transactions for aggregate proceeds of approximately $6,367,939.
• The sales were executed in multiple trades: 160,182 shares sold on 2026-08-07 (weighted average ~$24.94, proceeds $3,994,939) and two blocks of 50,000 shares sold on 2026-08-11 at weighted averages of ~$23.69 and ~$23.77 (proceeds $1,184,500 and $1,188,500). These are sales (routine liquidity following option exercise), not purchases.

Key Details

• Transaction dates: exercises on 2026-08-07 and 2026-08-11; sales on 2026-08-07 and 2026-08-11.
• Exercise price: $0.64 per share (total cash paid for exercises reported $236,916).
• Shares sold: 260,182 total; total reported proceeds ≈ $6,367,939.
• Sales price ranges (weighted-average footnotes):
  • 8/7 sale(s): prices ranged $24.50–$25.79 (F1).
  • 8/11 50k sale: prices ranged $23.54–$24.18 (F2).
  • 8/11 other 50k sale: prices ranged $23.31–$23.99 (F3).
• Footnote F4: the options exercised were fully vested and exercisable as of December 15, 2017.
• Shares owned after the transactions are not specified in this Form 4 filing.
• Filing timeliness: transactions on 8/7 and 8/11 were reported on Form 4 filed 2026-08-11; the filing appears timely (within the Form 4 reporting window).

Context

• This pattern—exercise of options followed by immediate or same-day open-market sales—is a common way insiders realize value (often to cover exercise costs or taxes). The Form 4 shows acquisition via exercise (derivative conversion) and contemporaneous open-market sales; the $0.00 derivative-disposal entries reflect conversion/exercise of the derivative into common shares.
• These entries are factual disclosures of insider activity and do not, by themselves, indicate the insider’s future view of the company.