Sharma Pankaj 4

What Happened Pankaj Sharma, Chief Business Officer of Remitly Global, sold 2,000 shares on 2026-02-11 at $13.70 per share, for a total of $27,400. The Form 4 reporting this transaction was filed on 2026-02-12. This was a sale (not a purchase); sales by insiders are often routine and do not necessarily signal a change in outlook.

Key Details

• Transaction date and price: 2026-02-11 — 2,000 shares sold at $13.70 each.
• Total value: $27,400.
• Filing: Form 4 filed 2026-02-12 (timely; within the normal 2-business-day window).
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnote: Transaction was effected automatically under a Rule 10b5-1 trading plan (per footnote F1).

Context A Rule 10b5-1 plan means the sale was prearranged and executed automatically according to predefined instructions, which can limit what the trade implies about the insider’s current view of the company. For retail investors, purchases generally provide clearer signals than routine sales; this small, preplanned sale appears consistent with regular portfolio management rather than a company-specific disclosure.