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Remitly (RELY) director Joshua Hug receives 2,546 RSU grant and updates share holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hug Joshua reported acquisition or exercise transactions in this Form 4 filing.

Remitly Global director Joshua Hug reported an equity award and updated holdings. On June 10, 2026, he received a grant of 2,546 restricted stock units, each representing one share of common stock upon vesting and settlement. The RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 following the grant, and will fully vest no later than June 10, 2027, subject to continued service. After this grant, Hug holds 3,426,790 shares of common stock directly and 300,000 shares indirectly through a family trust for which his spouse is the trustee.

Positive

  • None.

Negative

  • None.
Insider Hug Joshua
Role null
Type Security Shares Price Value
Grant/Award Common Stock 2,546 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,426,790 shares (Direct, null); Common Stock — 300,000 shares (Indirect, By Trust)
Footnotes (1)
  1. Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
RSU grant size 2,546 shares Restricted stock units granted June 10, 2026
Grant price per share $0.0000 per share RSU award, no cash paid by recipient
Direct holdings after grant 3,426,790 shares Common stock directly owned after RSU award
Indirect trust holdings 300,000 shares Common stock held by family trust with spouse as trustee
Final vesting deadline June 10, 2027 Latest date by which all RSUs vest if service continues
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
family trust financial
"The securities are held by a family trust, of which the reporting person's spouse is the trustee."
trustee financial
"The securities are held by a family trust, of which the reporting person's spouse is the trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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 WASHINGTON 98101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026A2,546(1)A$03,426,790D
Common Stock300,000IBy Trust(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date.
2. 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-fact06/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Joshua Hug reported an equity award and updated holdings. He received 2,546 restricted stock units in Remitly common stock and now holds 3,426,790 shares directly plus 300,000 shares indirectly through a family trust.

How many Remitly (RELY) shares did Joshua Hug acquire in this transaction?

He acquired 2,546 restricted stock units, each representing one Remitly common share upon settlement. These were granted at no cash cost and will deliver shares only as they vest over time, subject to his continued service.

What is the vesting schedule for Joshua Hug’s new RSUs in Remitly (RELY)?

The 2,546 RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 following the grant date. Any remaining unvested units will fully vest by June 10, 2027, if service conditions are met.

How many Remitly (RELY) shares does Joshua Hug hold after the reported grant?

Following the grant, he holds 3,426,790 Remitly common shares directly. In addition, he has indirect ownership of 300,000 shares held by a family trust, for which his spouse serves as trustee, as disclosed in the filing footnote.

How are Joshua Hug’s indirect Remitly (RELY) holdings structured?

His indirect holdings consist of 300,000 Remitly common shares owned by a family trust. According to the disclosure, the trust’s trustee is his spouse, meaning the shares are held through this family entity rather than in his personal name.

Is Joshua Hug’s Remitly (RELY) RSU grant tied to continued service?

Yes. The RSUs vest only if he continues providing applicable service to Remitly through each vesting date. Unvested units will vest in full by June 10, 2027, if he remains in service until the earlier of that date or the next annual meeting.