Remitly CBO Sells $554K Worth of Shares Under Pre-Set Trading Plan
On August 28, 2026, Pankaj Sharma, Chief Business Officer at Remitly Global (NASDAQ: RELY), sold 21,000 shares for a total value of $554,000. The transaction was conducted under an automatic Rule 10b5-1 trading plan established on November 18, 2025, allowing insiders to execute trades based on pre-determined schedules. Following the sale, Sharma retained ownership of 716,022 shares with a post-sale market value of $19 million as of August 28. This indicates continued alignment between his personal financial interests and Remitly's long-term performance. The company reported strong recent returns, delivering a total return of 44% over the past year. Remitly Global is valued at approximately $5.2 billion with TTM revenue of $1.8 billion and net income of $305 million. It operates as a digital remittance platform serving international money transfers in more than 130 countries, leveraging technology to offer faster and lower-cost solutions compared to traditional providers.
Tickers: $RELY