Blignaut Ryno 4
Research Summary
AI-generated summary
Remitly (RELY) Director Ryno Blignaut Sells 4,500 Shares
What Happened
- Ryno Blignaut, a director of Remitly Global, Inc. (RELY), reported the sale of 4,500 shares on March 16, 2026. The transaction generated proceeds of $68,670 at a weighted average price of $15.26 per share. The filing lists the transaction as an open market or private sale and indicates the shares were sold in multiple transactions.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely within the standard reporting window).
- Price: weighted average $15.26; sales occurred at prices ranging from $15.13 to $15.39 (per footnote).
- Shares sold: 4,500; total proceeds: $68,670.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — sale effected automatically under a Rule 10b5-1 trading plan adopted Aug 12, 2025. F2 — weighted average price; reporting person will provide breakdown of number of shares sold at each price on request.
- Transaction code: S (Sale).
Context
- This was a sale (often routine) executed under a pre-established 10b5-1 plan, which means the trades were scheduled in advance rather than entered spontaneously. The filing does not disclose post-sale holdings in the excerpt provided.