CEO Sanjiv Patel sold 48.2K shares of RLAY at $19.58 on 2026-07-07 via pre-arranged 10b5-1 plan; still holds 615.9K shares post-transaction.
Sanjiv Patel (President and CEO) executed a sale of 48,199 shares at $19.58 under a 10b5-1 trading plan adopted on 2025-10-30, reducing holdings from 664,097 to 615,898 shares. The sale occurred as the stock trades at $19.63, near its 52-week high of $20.20, though the current 30-day and 90-day changes of +43.7% and +30.9% reflect recent strength. Patel's prior trades at RLAY show mixed outcomes: his five previous sells at this ticker yielded 90-day average returns that ranged from -19.2% to -39.2%, suggesting his prior RLAY exits preceded subsequent declines. The company remains unprofitable (net income of $-73,291,000.00 in the latest full fiscal year) despite strong revenue growth of +53.4% year-over-year, creating a backdrop where the timing of insider liquidity events warrants attention, though the scheduled nature of the 10b5-1 plan means this transaction was predetermined rather than discretionary.