RELY Form 144 Reveals 10b5-1 Insider Sales Through Morgan Stanley

Rhea-AI Filing Summary

Form 144 for Remitly Global, Inc. (RELY) discloses a proposed sale of 10,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $196,500, planned for 08/15/2025 on NASDAQ. The filing identifies these shares as founder shares acquired on 11/04/2011. The document also lists eight prior 10b5-1 plan sales by Joshua David Hug during 05/2025–08/2025, with individual sale amounts and gross proceeds reported for each trade. Outstanding shares of the issuer are shown as 206,193,217. The filer certifies no undisclosed material adverse information and references reliance on a Rule 10b5-1 trading plan where applicable.

Positive

• Clear disclosure of planned sale including broker, share count, aggregate market value and intended sale date
• Use of a Rule 10b5-1 plan is documented, providing pre-arranged trading structure and timing
• Acquisition history provided (founder shares dated 11/04/2011), supporting traceability of the securities

Negative

• Insider sales are sizable in multiple transactions across May–August 2025, indicating notable insider liquidity
• Filing contains no operational or financial performance data, so it does not inform on company fundamentals

Insights

Securities/Financial Analyst

TL;DR: Routine insider sales under a 10b5-1 plan; detailed dates, amounts and broker disclosed, limited immediate material implications.

The filing documents a planned sale of 10,000 founder shares valued at $196,500 via Morgan Stanley Smith Barney and enumerates multiple recent 10b5-1 sales by the same insider across May–August 2025. For investors, this is a transparent disclosure of insider liquidity rather than an operational update. The listed outstanding share count (206,193,217) provides context for the relative scale of the transactions. No earnings, debt or operational metrics are included in this form, so material impact on the company’s financial condition is not evidenced within this filing.

Corporate Governance Expert

TL;DR: Proper Rule 144 and 10b5-1 mechanics are documented; the filing affirms insider representation regarding undisclosed material information.

The submission shows adherence to required disclosure format including acquisition history (founder shares dated 11/04/2011), broker identification, and a signature representation about public disclosure of material information. Multiple 10b5-1 sales are explicitly stated with dates and gross proceeds, demonstrating structured insider selling. The filing does not show any exceptions, restrictions or related-party complexities beyond the named seller and broker.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	10000	196500.00	206193217	08/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/04/2011	Founders Shares	Issuer			10000	11/04/2011	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	08/14/2025	10000	196541.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	08/07/2025	20000	381544.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/17/2025	10000	208877.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	06/16/2025	10000	194323.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	05/30/2025	20000	421488.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	05/29/2025	20000	427350.00
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	05/29/2025	40777	862009.47
10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street, Suite 1000 SEATTLE WA 98101	Common	05/16/2025	10000	228684.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for Remitly Global (RELY) disclose?

The form discloses a proposed sale of 10,000 common shares valued at $196,500 via Morgan Stanley Smith Barney, with an approximate sale date of 08/15/2025, and lists multiple prior 10b5-1 sales by Joshua David Hug.

Who is the seller named in the filing for RELY?

The filing identifies Joshua David Hug as the seller through a 10b5-1 sales plan, with an address listed in Seattle, WA.

How many shares outstanding does Remitly report in this filing?

The document shows 206,193,217 shares outstanding.

When were the shares to be sold originally acquired?

The shares to be sold were acquired as founder shares on 11/04/2011.

Does the filing state whether there is undisclosed material information?

The signer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.