Remitly (RELY) CFO Vikas Mehta Sells 44,269 Shares

What Happened

• Vikas D. Mehta, Chief Financial Officer of Remitly Global, disposed of a total of 44,269 shares on 2026-08-25 for aggregate proceeds of roughly $1,166,113. This comprised 19,269 shares withheld to satisfy tax withholding on vesting restricted stock units (valued at $26.59 per share, ~$512,363) and an open-market sale of 25,000 shares (weighted average price $26.15, proceeds ~$653,750). Both actions are sales/dispositions rather than purchases.

Key Details

• Transaction dates: 2026-08-25; filing date: 2026-08-26 (timely filing).
• Shares disposed: 19,269 (tax withholding on RSUs) + 25,000 (open market) = 44,269 shares.
• Prices and totals: tax-withheld shares at $26.59 ($512,363); open-market sale weighted avg $26.15 ($653,750). Open-market sale prices ranged $25.83–$26.39; reporting person can provide per-price breakdown on request (footnote F3).
• Notable footnotes: F1 — shares withheld to satisfy tax obligations on RSU vesting; F2 — the 25,000-share market sale was effected automatically under a Rule 10b5-1 trading plan adopted 2025-11-21; F3 — weighted-average price with multiple trade prices disclosed in a range.
• Shares owned after the transaction: not specified in the provided filing information.

Context

• The 19,269-share disposition was a tax-withholding event tied to RSU vesting (a common administrative step, not an active market sale by the insider). The 25,000-share sale was executed under a pre-established 10b5-1 plan, meaning the transaction was automatic per the plan terms.
• Sales by executives are often routine (tax withholding or trading-plan driven); they do not necessarily indicate a change in insider sentiment.