Joshua Hug sells 40,777 Remitly shares; retains 3.95M total holdings

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) director Joshua Hug reported the sale of 40,777 shares of the issuer's common stock on 08/29/2025 under a Rule 10b5-1 trading plan. The filing states the shares were sold at a weighted average price of $18.41 per share, with transaction prices ranging from $18.28 to $18.53. After the reported sale, Mr. Hug is shown as beneficially owning 3,654,288 shares directly and 300,000 shares indirectly through a family trust where his spouse is trustee. The Form 4 was signed by an attorney-in-fact on 09/02/2025 and notes the reporting person adopted the Rule 10b5-1 plan that triggered the automated sales.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating preauthorization and reducing timing concerns
• Full disclosure of price range and weighted average ($18.28–$18.53; $18.41 weighted average)
• Clear reporting of direct and indirect beneficial ownership (3,654,288 direct; 300,000 indirect via family trust)

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider sale via prearranged 10b5-1 plan; modest size relative to reported holdings, executed at ~$18.41 weighted average.

The report indicates an automated disposition under a documented Rule 10b5-1 plan, which reduces likelihood of opportunistic timing concerns because transactions were pre-authorized. The sold amount, 40,777 shares, should be evaluated against Mr. Hug's remaining direct holding of 3,654,288 shares to assess proportionality. The filing discloses the exact price range and weighted average, providing transparency about execution prices. No derivatives or additional transactions are reported.

Corporate Governance Expert

TL;DR: Governance disclosure is complete for a Form 4 sale; trustee-held shares clearly identified.

The Form 4 clearly states the reporter's relationship to the issuer as a director and discloses indirect ownership via a family trust with the spouse as trustee, which clarifies potential control lines. The attestation by an attorney-in-fact is properly noted. There are no indications in the filing of unusual transaction codes or undisclosed related-party transfers. All material items required on Form 4 appear present in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hug Joshua

(Last) (First) (Middle)

C/O REMITLY GLOBAL, INC.

401 UNION STREET, SUITE 1000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		S(1)		40,777	D	$18.41(2)	3,654,288	D
Common Stock								300,000	I	By Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $18.28 to $18.53 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

3. The securities are held by a family trust, of which the reporting person's spouse is the trustee.

Remarks:

	/s/ Jeff Mason as attorney-in-fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Remitly director Joshua Hug report on Form 4 (RELY)?

Mr. Hug reported a sale of 40,777 shares of Remitly common stock on 08/29/2025 under a Rule 10b5-1 plan.

At what price were the shares sold in the Form 4 filed for RELY?

The filing shows a weighted average price of $18.41 and a price range of $18.28 to $18.53.

How many Remitly shares does Joshua Hug beneficially own after the reported sale?

Following the reported transaction, he beneficially owns 3,654,288 shares directly and 300,000 shares indirectly via a family trust.

Was the sale in the Form 4 preplanned or discretionary?

The filing states the transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Who signed the Form 4 for Joshua Hug?

The form was signed by /s/ Jeff Mason as attorney-in-fact on 09/02/2025.