Remitly director plans $137K stock sale in 2026
Rhea-AI Filing Summary
Remitly Global, Inc. (RELY) director Joshua D. Hug has filed a notice under Rule 144 to sell 5,500 shares of Remitly common stock through Morgan Stanley Smith Barney, with an indicated aggregate market value of $136,565.00 and an expected sale date of September 9, 2026 on NASDAQ.
The shares to be sold were acquired from previously exercised stock options on October 7, 2018 and will be sold for cash. The filing also lists multiple prior sales of Remitly common stock over the past three months under a 10b5-1 sales plan for Joshua D. Hug.
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Key Figures
Planned shares to be sold: 5,500 shares
Aggregate market value of planned sale: $136,565.00
Expected sale date: September 9, 2026
+4 more
7 metrics
Planned shares to be sold
5,500 shares
Common stock planned sale under Rule 144
Aggregate market value of planned sale
$136,565.00
Planned Rule 144 sale of 5,500 common shares
Expected sale date
September 9, 2026
Rule 144 planned sale of 5,500 shares
Large prior sale on July 16, 2026
362,000 shares for $9,116,711.00
10b5-1 Sales Plan for Joshua D. Hug
Prior sale on July 15, 2026
314,768 shares for $7,847,048.05
10b5-1 Sales Plan for Joshua D. Hug
Prior sale on June 29, 2026
16,800 shares for $385,902.72
10b5-1 Sales Plan for Joshua D. Hug
Prior sale on June 30, 2026
16,800 shares for $378,421.68
10b5-1 Sales Plan for Joshua D. Hug
Key Terms
Rule 144, 10b5-1 Sales Plan, Previously Exercised Stock Options, aggregate market value
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
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"
aggregate market value financial
"Common | Morgan Stanley Smith Barney LLC ... | 5500 | 136565.00"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing for RELY disclose about Joshua D. Hug?
The filing states that director Joshua D. Hug plans to sell 5,500 shares of Remitly Global, Inc. common stock under Rule 144, using Morgan Stanley Smith Barney as broker, with an indicated aggregate market value of $136,565.00 on NASDAQ.
What prior RELY stock sales by Joshua D. Hug are disclosed in the last three months?
The filing lists several prior sales under a 10b5-1 Sales Plan, including 362,000 shares for $9,116,711.00 and 5,500 shares for $139,664.25 on July 16, 2026, and 314,768 shares for $7,847,048.05 on July 15, 2026.
Is a 10b5-1 trading plan mentioned in the RELY Form 144?
Yes. The section on securities sold during the past three months repeatedly identifies a "10b5-1 Sales Plan for JOSHUA D. HUG" as the basis for multiple sales of Remitly common stock between June 16, 2026 and September 8, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.