Chung Bora 4

What Happened

• Chung Bora, a director of Remitly Global, Inc. (RELY), sold 12,000 shares in an open-market transaction on May 20, 2026. The weighted average sale price was $21.42, for total proceeds of approximately $257,040. The sale is reported under transaction code S (sale/disposition).

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-21 (filed the next day).
• Price: weighted average $21.42; prices in the batch ranged from $21.38 to $21.45 (footnote indicates multiple transactions within that range).
• Shares disposed: 12,000; proceeds ≈ $257,040.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: reporting person can provide the number of shares sold at each separate price on request (per footnote F1).
• No 10b5-1 plan, option exercise, gift, or tax-withholding notation was disclosed in the provided excerpt.

Context

• This was a straightforward open-market sale. Sales by insiders are common and can reflect many reasons (portfolio rebalancing, liquidity needs, etc.); they are not, by themselves, a clear negative signal. Purchases tend to be more indicative of insider confidence in the stock.