Remitly CBO Sells $554K Worth of Shares Under Pre-Set Trading Plan
Pankaj Sharma, Chief Business Officer at Remitly Global (NASDAQ:RELY), sold 21,000 shares for a total value of $554,000 on August 28, 2026. The transaction was conducted under an established Rule 10b5-1 trading plan adopted in November 2025, which allows pre-scheduled trades by insiders to avoid insider trading concerns. Following the sale, Sharma still holds a significant stake of 716,022 shares with a market value of $19 million as of August 28. This indicates continued alignment between his interests and those of shareholders. Remitly's stock has delivered strong performance in recent months, returning nearly 44% over the past year. The company remains well-positioned within the fintech sector with a market cap of $5.2 billion, trailing twelve-month revenue of $1.8 billion, and net income of $305 million.
Tickers: $RELY
Topics: CBO activity Remitly SEC filing stock sale