Remitly Chief Business Officer Sells 21,000 Shares for $554,000
The insider sold shares but still has holdings valued at $19 million.
Overview
Pankaj Sharma, Chief Business Officer at Remitly Global (NASDAQ:RELY), sold 21,000 shares of common stock on Aug. 28, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($26.39); post-transaction value based on Aug. 28, 2026, market close ($26.55).
Details
Remitly Global is a leading digital remittance platform serving the global diaspora market with approximately $1.8 billion in TTM revenue and $305 million in net income, demonstrating strong profitability within the fintech infrastructure sector. The company has achieved a market valuation of $5.2 billion, reflecting investor confidence in the secular growth trends within cross-border payments. With 3,200 employees, Remitly maintains a competitive advantage through its technology-driven platform, which delivers faster, more transparent, and lower-cost remittance solutions than traditional money transfer operators.
Source
Originally published at www.fool.com.