Sharma Pankaj 4

What Happened
Pankaj Sharma, Chief Business Officer of Remitly Global, sold 3,000 shares on Feb 19, 2026 at $16.35 per share, generating $49,050 in proceeds. The Form 4 reports this as a sale (code S) effected under a prearranged trading plan.

Key Details

• Transaction date: 2026-02-19; Report filed: 2026-02-23 (filed within the standard 2 business-day window).
• Price: $16.35 per share; Total proceeds: $49,050.
• Reported as an open market or private sale (Form shows "Open market or private sale (S)").
• Footnote: Transaction was effected automatically pursuant to a Rule 10b5-1 trading plan (prearranged plan).
• Shares owned after the transaction: not disclosed in the information provided in this summary.

Context
This was a sale under a 10b5-1 plan, which is an automated, preplanned program that allows insiders to sell shares at scheduled times and is generally considered routine rather than a direct signal about company fundamentals. Sales are common for liquidity or diversification; purchases tend to be more interpreted as a positive insider signal.