Mehta Vikas D 4

What Happened

• Vikas D. Mehta, Chief Financial Officer of Remitly Global, sold shares on May 26, 2026. He completed an open-market sale of 25,000 shares at an average price of $21.07 for proceeds of $526,750 and had 19,270 shares withheld to cover taxes on vested restricted stock units at $21.58 per share, valued at $415,847. Both transactions are disposals (sales/withholding), totaling about $942,597.

Key Details

• Transaction date: May 26, 2026.
• Open-market sale: 25,000 shares, weighted average price $21.07, proceeds $526,750. (Footnote: sold in multiple trades at prices ranging $20.27–$21.59; the filer can provide details on per-price breakdown.)
• Tax withholding: 19,270 shares withheld to satisfy tax on RSU vesting at $21.58, value $415,847.
• Plan/automation: The open-market sale was effected automatically under a Rule 10b5-1 trading plan adopted November 21, 2025.
• Shares owned after transaction: Not specified in the provided filing summary.
• Timeliness: Filing was submitted the next day (May 27, 2026) for a May 26 transaction, consistent with Form 4 reporting timelines.

Context

• The 19,270-share transaction is a tax-withholding event tied to RSU vesting (a common, non-directional action that reduces outstanding vested shares rather than an active sale intent).
• The 25,000-share sale was executed under a pre-set 10b5-1 plan, meaning it was an automatic program allowing trades at predetermined times/conditions; such sales are often routine and not necessarily a sign of changed insider sentiment.
• These are insider disposals (sales/withholding), which are less informative about bullish conviction than purchases but are important for tracking insider exposure and potential dilution from RSU vesting.