Remitly (NASDAQ: RELY) director sells 29,049 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported an open-market sale of 29,049 shares of common stock at $17.98 per share on March 4, 2026, executed under a Rule 10b5-1 trading plan adopted on December 5, 2024. After the sale, he directly held 3,575,733 shares, and 300,000 additional shares were held indirectly through a family trust for which his spouse is trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 29,049 shares ($522,301)
Net Sell
2 txns
Insider
Hug Joshua
Role
Director
Sold
29,049 shs ($522K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,049 | $17.98 | $522K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,575,733 shares (Direct);
Common Stock — 300,000 shares (Indirect, By Trust)
Footnotes (1)
- This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2024. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
FAQ
What insider transaction did Joshua Hug report for Remitly (RELY)?
Joshua Hug reported an open-market sale of 29,049 Remitly common shares. The sale was executed at $17.98 per share and is disclosed as a non-derivative transaction in the Form 4 insider trading report.
Was the Remitly (RELY) insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 states the transaction was effected automatically under a Rule 10b5-1 trading plan. The plan was adopted by Joshua Hug on December 5, 2024, before the March 4, 2026 sale.