Sharma Pankaj, Chief Business Officer of Remitly Global (RELY), has filed 39 Form 4 transactions over roughly the past year, all in a single company. The pattern is decisively one-sided: he has recorded zero open-market purchases and zero acquisitions of shares through any means, while selling $1.41 million worth of stock. Every sale was executed as an open-market transaction (code S), with no dispositions back to the issuer or gifts. The selling has been steady and recurring, with seven sales in the last five months alone, ranging from $27,400 on February 11, 2026, to a peak of $375,450 on July 16, 2026.
The recent activity shows a clear acceleration in both frequency and size. In April 2026, Sharma sold $200,000 on April 17 and $152,600 on April 1, following a $49,050 sale on February 19 and a $45,000 sale on December 10, 2025. The largest single transaction, the July 16 sale of $375,450, came after a $320,160 sale on May 28, 2026. Interspersed with these sales are routine administrative filings: option exercises (code M) with zero dollar value, shares withheld for taxes (code F), and two compensation grants (code A) on April 29, 2026, also valued at zero. These non-sale transactions are mechanical and carry no signal, but the consistent open-market selling — with no offsetting buys — indicates a sustained reduction of his RELY position over the entire reporting window.
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