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RELY (NASDAQ: RELY) insider Joshua Hug files to sell 12,000 shares under 10b5-1 plan

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

Rhea-AI Filing Summary

Joshua David Hug filed a Form 144 proposing the sale of 12,000 shares of Common Stock, described as previously exercised stock options. The filing lists multiple recent dispositions executed under a 10b5-1 sales plan, including sales on 04/14/2026 (6,500 and 5,500 shares), 04/06/2026 (1,430 shares), 03/04/2026 (29,049 shares) and 03/02/2026 (40,777 shares), with gross proceeds shown for each transaction.

Positive

  • None.

Negative

  • None.

Insights

Routine affiliate sale under a 10b5-1 plan; no new corporate action disclosed.

The filing documents a proposed sale of 12,000 shares by Joshua David Hug and lists multiple prior sales executed under a 10b5-1 sales plan. The securities are described as previously exercised stock options, indicating the transactions are dispositions of owned shares.

Cashflow treatment and timing beyond the listed dates are not provided in the excerpt; subsequent SEC filings would show settlement or completion if required.

Proposed sale 12,000 shares Filed on Form 144 as previously exercised stock options
Sale on 04/14/2026 6,500 shares 10b5-1 Sales Plan, gross proceeds $116,870.00
Sale on 04/14/2026 5,500 shares 10b5-1 Sales Plan, gross proceeds $97,659.10
Sale on 04/06/2026 1,430 shares 10b5-1 Sales Plan, gross proceeds $22,865.70
Sale on 03/04/2026 29,049 shares 10b5-1 Sales Plan, gross proceeds $522,425.93
Sale on 03/02/2026 40,777 shares 10b5-1 Sales Plan, gross proceeds $682,150.28
10b5-1 Sales Plan regulatory
"10b5-1 Sales Plan for JOSHUA DAVID HUG 401 Union Street"
Form 144 regulatory
"Filer Information | 144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Previously Exercised Stock Options financial
"Common | 10/07/2018 | Previously Exercised Stock Options"
Gross proceeds financial
"04/14/2026 | 6500 | 116870.00"
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

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

FAQ

What did RELY insider Joshua David Hug file in this Form 144?

He proposed the sale of 12,000 shares of Common Stock described as previously exercised stock options. The filing also lists several recent 10b5-1 plan sales with gross proceeds for each transaction.

Were the sales made under a pre-arranged trading plan for RELY?

Yes. The transactions listed were executed under a 10b5-1 sales plan. Multiple dated entries in the filing identify sales through that plan on specific dates in March and April 2026.

How many shares were sold in recent transactions listed in the Form 144?

The excerpt lists sales of 40,777, 29,049, 1,430, 6,500, and 5,500 shares on specific March–April 2026 dates, with gross proceeds shown for each transaction.

Does this Form 144 indicate proceeds will go to the issuer or the selling holder (RELY)?

The filing shows gross proceeds per listed sale associated with the selling holder, indicating these are dispositions by the insider. The excerpt does not state that proceeds go to the issuer.