Sinha Ankur 4
Research Summary
AI-generated summary
Remitly (RELY) Chief Product & Tech Officer Ankur Sinha Sells Shares
What Happened
Ankur Sinha, Chief Product and Tech Officer at Remitly Global, Inc. (RELY), sold 9,741 shares on March 11, 2026. The weighted average price was $16.94 per share for a total proceeds of approximately $165,013. The shares were disposed in multiple open‑market transactions at prices ranging from $16.79 to $17.23.
Key Details
- Transaction type: Sale (code S) — open market/private sale reported on Form 4.
- Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely filing).
- Price: weighted average $16.94; range $16.79–$17.23.
- Shares sold: 9,741; proceeds ≈ $165,013.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: Transaction was executed automatically under a Rule 10b5‑1 trading plan adopted Dec 10, 2025 (F1). Weighted average price noted and seller will provide per‑price breakdown on request (F2).
Context
A 10b5‑1 plan indicates the sale was pre‑arranged and executed automatically, which is often routine and not necessarily a signal of the insider’s view on the company’s prospects. Retail investors should view this as a planned sale rather than a discretionary, on‑the‑spot insider trade.