RELY Remitly Global, Inc.
Price Chart
Executive Summary
A cluster of insider selling at Remitly Global, Inc. (RELY) occurred over the past week, with the CFO and Chief Product & Tech Officer executing open-market sales totaling approximately $687K, alongside significant tax-withholding transactions from the CEO, CFO, and C-suite. While the dollar value is modest relative to the $4.2B market cap (~0.02%), the cluster includes multiple C-suite officers selling on the same day, which warrants attention. The historical performance data shows prior bearish calls on RELY have been highly accurate (T+20 -26.5% and -35.5%), suggesting insider selling patterns here may carry more weight.
Key Financial Metrics
Actionable Insight
The cluster of C-suite open-market sales on the same day, combined with the strong historical predictive power of bearish calls on RELY, suggests potential downside risk. Traders should monitor for upcoming earnings or material news that may have prompted the selling. The tax-withholding transactions are routine and not a signal, but the open-market sales by the CFO and CPTO are notable.
Key Facts
- CFO Vikas D. Mehta sold 25,000 shares at $21.07 for $526,750 on 2026-05-26.
- Chief Product & Tech Officer Ankur Sinha sold 7,596 shares at $21.07 for $160,048 on 2026-05-26.
- Director Joshua Hug sold 476 shares at $20.00 for $9,520 on 2026-05-29.
- CEO Sebastian J. Gunningham, CBO Pankaj Sharma, CPTO Sinha, and CFO Mehta all surrendered shares for tax withholding on 2026-05-26, totaling ~$1.79M in non-cash transactions.
- Total open-market selling in the cluster is ~$696K, or ~0.02% of RELY's $4.2B market cap.
- Historical calibration shows prior bearish calls on RELY (score 5-6) produced large negative T+20 returns (-26.5% and -35.5%), indicating insider selling patterns have been predictive.
Financial Impact
Open-market insider sales of ~$696K, representing ~0.02% of market cap. Tax-withholding transactions of ~$1.79M are non-cash and not economically meaningful.
Risk Factors
- Insider selling may indicate management's view that the stock is overvalued or that near-term headwinds exist.
- Historical performance shows prior bearish calls on RELY have been highly accurate, suggesting this pattern may repeat.
- The cluster occurs without any disclosed 10b5-1 plan for the CFO's sale, increasing the likelihood of discretionary selling.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RELY-1780090242537 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
8-K
| $18.46 awaiting T+5 | awaiting T+5 | — | $18.45 (−0.03%) |
|
May 29, 2026
11d ago
|
Insider Cluster
| $21.03 $18.77 | ▼ −10.75% | ▼ −8.00% | $18.45 (−12.27%) |
|
May 29, 2026
11d ago
|
Insider Cluster
| $21.03 $18.77 | ▲ +10.75% | ▲ +8.00% | $18.45 (+12.27%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $20.00 $19.73 | ▼ −1.35% | ▼ −1.30% | $18.45 (−7.75%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $21.58 $21.03 | ▼ −2.55% | ▼ −4.21% | $18.45 (−14.50%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $21.44 $20.39 | ▼ −4.90% | ▼ −6.52% | $18.45 (−13.95%) |
|
Apr 27, 2026
6w ago
|
144
| $21.61 $23.78 | ▲ +10.04% | ▲ +8.35% | $18.45 (−14.62%) |
|
Apr 27, 2026
6w ago
|
Insider Cluster
| $21.26 $23.78 | ▲ +11.85% | ▲ +11.45% | $18.45 (−13.22%) |
|
Apr 27, 2026
6w ago
|
Insider Cluster
| $21.26 $23.78 | ▲ +11.85% | ▲ +11.45% | $18.45 (−13.22%) |
|
Apr 24, 2026
6w ago
|
DEFA14A
| $21.26 $23.78 | ▲ +11.85% | ▲ +11.45% | $18.45 (−13.22%) |
US Market Status
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