arXiv:2610.36000v1 Announce Type: new Abstract: Sequential recommendation must combine semantic preferences with behavioral associations to deliver accurate rankings at low inference cost. Sharing history selection connects preference representation directly to the behavioral evidence used in candidate scoring. We present RELAY, a compact sequential recommender built around one query, two roles: semantic readout and behavioral-memory routing. A single learned query forms a semantic preference representation and reuses its attention to route direct-history and transition evidence into candidate scores. Candidate-conditioned gates calibrate the two memory channels for each candidate. RELAY trains both roles with a single catalog likelihood and produces the final ranking in one forward pass. Full-catalog experiments on six datasets show that RELAY achieves the highest Recall@5 and NDCG@5 among the compared methods on every dataset, improving over the previous best model by 14.22% and 17.88% on average. With 2.044 million predictor parameters, RELAY reduces predictor size by 65.12% and achieves a 1.75~1.79$\times$ inference speedup over the previous best model.