---
title: "Remitly director Phillip John Riese sells USD 5.17 million in common shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295589591.md"
description: "Remitly director Phillip John Riese sold approximately USD 5.17 million worth of common shares on August 7 and 11. He exercised stock options for 370,182 shares at $0.64 each and subsequently sold 260,182 shares at weighted average prices ranging from $23.69 to $24.94. These transactions reduced his direct stake to 261,094 shares."
datetime: "2026-08-11T23:19:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295589591.md)
  - [en](https://longbridge.com/en/news/295589591.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295589591.md)
generator: "portal-rs"
---

# Remitly director Phillip John Riese sells USD 5.17 million in common shares

-   Remitly director Phillip John Riese cut his direct stake to 261,094 shares in transactions dated Aug. 7 and Aug. 11. \* Exercised stock options for 370,182 shares at USD 0.64 per share. \* Sold 260,182 shares at weighted average prices of USD 24.94, USD 23.69, USD 23.77. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Remitly Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001307696-26-000003), on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**