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RELY (NASDAQ: RELY) shareholder Joshua Hug plans 367,500-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Shareholder Joshua D. Hug has filed notice of a proposed sale of 367,500 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an indicated value of $9,172,800.00 and a proposed sale date of 07/16/2026. These shares were acquired via previously exercised stock options on 10/07/2018 for cash. The disclosure also lists multiple completed sales under a 10b5-1 Sales Plan during the prior three months, including 314,768 shares sold on 07/15/2026 for $7,847,048.05.

Positive

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Planned shares for sale 367,500 shares Common stock listed in Securities Information with proposed sale date 07/16/2026
Indicated value of planned sale $9,172,800.00 Value associated with 367,500 common shares in the securities to be sold section
Largest recent 10b5-1 sale shares 314,768 shares Shares sold on 07/15/2026 under 10b5-1 Sales Plan for Joshua D. Hug
Proceeds from 07/15/2026 sale $7,847,048.05 Amount shown for 314,768 common shares sold on 07/15/2026 under 10b5-1 Sales Plan
10b5-1 Sales Plan regulatory
"10b5-1 Sales Plan for JOSHUA D. HUG 401 Union Street, Suite 1000"
A 10b5-1 sales plan is a written, prearranged schedule that company insiders use to buy or sell their employer’s stock under a U.S. securities rule, so trades occur automatically at set times or prices regardless of later private information. It matters to investors because it reduces the risk of insider-trading accusations and signals that certain insider trades were planned ahead—like putting transactions on autopilot—while still affecting share supply and market confidence.
Previously Exercised Stock Options financial
"Common | 10/07/2018 | Previously Exercised Stock Options | Issuer"
Securities Sold During The Past 3 Months regulatory
"144: Securities Sold During The Past 3 Months"
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FAQ

How many RELY common shares are covered by Joshua D. Hug’s planned sale?

The notice covers a proposed sale of 367,500 common shares. The disclosure shows these shares with an indicated value of $9,172,800.00 and a proposed sale date of 07/16/2026 through Morgan Stanley Smith Barney LLC Executive Financial Services.

What is the indicated value of the RELY shares in Joshua D. Hug’s proposed sale?

The filing shows an indicated value of $9,172,800.00 for the 367,500 common shares proposed for sale. This value appears alongside the share amount in the section listing securities to be sold, with a proposed sale date of 07/16/2026.

How did Joshua D. Hug acquire the RELY shares he plans to sell?

The shares are identified as coming from Previously Exercised Stock Options. The disclosure states that the common shares to be sold were acquired on 10/07/2018 from stock options exercised for cash, and are now being registered for potential resale.

What recent 10b5-1 plan sales has Joshua D. Hug made in RELY stock?

Multiple sales are listed under a 10b5-1 Sales Plan, including 314,768 shares for $7,847,048.05 on 07/15/2026, and additional transactions such as 16,800 shares on 06/30/2026 and 33,600 shares on 06/01/2026.

When is the proposed sale date for Joshua D. Hug’s 367,500 RELY shares?

The proposed sale date for the 367,500 common shares is listed as 07/16/2026. The securities are described as common stock traded on NASDAQ, with the share amount and indicated value shown in the securities information section.

Which broker is named for handling Joshua D. Hug’s planned RELY stock sale?

The proposed sale is associated with Morgan Stanley Smith Barney LLC Executive Financial Services. This broker is identified alongside the common stock entry that lists 367,500 shares, the indicated value of $9,172,800.00, and the proposed sale date of 07/16/2026.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature