RELY insider Joshua Hug reports automated sales totaling 20,000 shares

Rhea-AI Filing Summary

Joshua Hug, a director of Remitly Global, Inc. (RELY), executed routine sales under a Rule 10b5-1 trading plan. The reporting shows two automated dispositions of common stock: 10,000 shares on 08/14/2025 at a weighted average price of $19.65, and 10,000 shares on 08/15/2025 at a weighted average price of $19.72. After those transactions the reporting person’s direct beneficial ownership was reported as 3,653,811 shares. Additionally, the report discloses 300,000 shares held indirectly in a family trust for which the spouse is trustee. The filer indicates the sales were effected automatically under a 10b5-1 plan and offers to provide transaction-level price details on request.

Positive

• Use of a Rule 10b5-1 plan indicates the sales were pre-arranged and reduces concerns about opportunistic insider trading
• Substantial retained direct ownership of 3,653,811 shares shows continued alignment with shareholders
• Transparent disclosure of an indirect 300,000-share family trust holding and weighted-average price ranges

Negative

• Insider disposed of 20,000 shares via two sales, which is a reduction in the reporting person’s direct holdings
• Report does not list per-transaction share counts by price; only weighted-average ranges are provided (though the filer offers to supply details on request)

Insights

Financial Analyst

TL;DR: Routine, pre-arranged insider sales; limited market impact given large retained stake.

The Form 4 documents modest, automated sales totaling 20,000 shares executed under a Rule 10b5-1 plan at weighted average prices near $19.65–$19.72. These are disclosed as automated transactions, which typically reduce concerns about opportunistic timing. The reporting person retains a substantial direct stake (reported as 3.65M shares) plus an indirect 300k family-trust holding, indicating continued alignment with shareholders. From a financial perspective, these are routine liquidity events rather than strategic corporate actions and are unlikely to materially affect company valuation.

Corporate Governance Expert

TL;DR: Disclosure aligns with governance best practices; 10b5-1 plan use and trust disclosure increase transparency.

The filing clearly identifies the reporter as a director and discloses the use of a Rule 10b5-1 trading plan, which supports defensibility against claims of improper trading timing. The separate disclosure of 300,000 shares held via a family trust with the spouse as trustee provides useful clarity on indirect holdings. The transactions were reported on Form 4 and include weighted-average pricing ranges and an offer to provide per-transaction details, which together reflect thorough disclosure practices expected of insiders.

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)
08/14/2025

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	08/14/2025		S(1)		10,000	D	$19.65(2)	3,663,811	D
Common Stock	08/15/2025		S(1)		10,000	D	$19.72(3)	3,653,811	D
Common Stock								300,000	I	By Trust(4)

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 $19.48 to $20.11 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.53 to $19.90 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.

4. 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	08/18/2025
	** 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 Joshua Hug disclose in the Form 4 for RELY?

The Form 4 discloses automated sales of 10,000 shares on 08/14/2025 at a weighted average price of $19.65 and 10,000 shares on 08/15/2025 at a weighted average price of $19.72, plus an indirect holding of 300,000 shares in a family trust.

Were the sales made under a 10b5-1 trading plan?

Yes. The reporting person states the transactions were effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

How many shares does the reporting person own after these transactions?

The report shows direct beneficial ownership of 3,653,811 shares following the reported transactions.

What indirect holdings are disclosed by the filer?

The filer discloses 300,000 shares held indirectly in a family trust for which the reporting person’s spouse is the trustee.

Does the Form 4 provide detailed per-transaction prices?

No. The filing provides weighted-average prices and price ranges for the multiple transactions and states the filer will provide full per-transaction details upon request.