Remitly Exec Sells $650K in Shares Amid Record Profitability, but Here's What Investors Should Actually Be Watching

Somalya sold 35,976 shares over two days for a transaction value of approximately $650,000 based on a weighted average price of around $18.07 per share. This represented 12.2% of her direct common stock holdings at the time, reducing her direct position from 295,791 to 259,815 shares.