Director Phillip John Riese filed a Form 4 with the SEC on August 13, 2026, reporting the exercise of a stock option and the subsequent sale of 69,818 shares of Remitly Global, Inc. common stock on August 12, 2026.

Key Highlights

  • Option exercised: Riese exercised a stock option for 69,818 shares of common stock at an exercise price of $0.64 per share on August 12, 2026.
  • First sale block: 40,000 shares were sold at a weighted average price of $23.54, with individual transactions ranging from $23.50 to $23.63 inclusive.
  • Second sale block: 29,818 shares were sold at a weighted average price of $23.55, with individual transactions ranging from $23.50 to $23.56 inclusive.
  • Remaining ownership: Following all reported transactions, Riese directly holds 261,094 shares of common stock.
  • Option fully extinguished: The exercised option, which had been fully vested since December 15, 2017, shows zero derivative securities remaining after the transaction.
  • Reporting person role: Riese is identified as a Director of Remitly Global, Inc. (NASDAQ:RELY).

Remitly Global Director Riese Reports Option Exercise and Share Sales on August 12, 2026

According to the Form 4 filing, Phillip John Riese, a Director of Remitly Global, Inc., executed a series of transactions on August 12, 2026. The filing reports that Riese first exercised a stock option covering 69,818 shares of common stock at a conversion price of $0.64 per share, coded as an "M" transaction, bringing his directly held shares to 330,912 following the exercise.

Riese then disposed of all 69,818 shares acquired through the option exercise in two separate sale transactions, both coded "S." The first sale covered 40,000 shares at a weighted average price of $23.54, with the filing noting that individual transactions occurred at prices ranging from $23.50 to $23.63 inclusive. The second sale covered the remaining 29,818 shares at a weighted average price of $23.55, with individual transaction prices ranging from $23.50 to $23.56 inclusive. The filing states that full information regarding the number of shares sold at each separate price within those ranges will be provided upon request.

Following all reported transactions, the filing discloses that Riese directly owns 261,094 shares of Remitly Global common stock. The exercised stock option, which the filing notes became fully vested and exercisable on December 15, 2017, carries a zero balance of derivative securities remaining. The Form 4 was signed by Jeff Mason as attorney-in-fact on August 13, 2026.

What Was Disclosed

The filing discloses a stock option exercise of 69,818 shares at $0.64 per share and the sale of those same shares in two blocks at weighted average prices of $23.54 and $23.55, leaving the director with 261,094 directly held shares.