Remitly director sells 24,533 shares under 10b5-1 plan
Remitly Global, Inc. director Joshua Hug reported open-market sales of a total of 24,533 shares of common stock in multiple transactions on June 16–17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported open-market sales of a total of 24,533 shares of common stock in multiple transactions on June 16–17, 2026. The sales were executed at weighted-average prices between $19.62 and $21.20 per share pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025.
After these transactions, Hug directly holds 3,402,257 shares and an additional 300,000 shares are held indirectly through a family trust for which his spouse serves as trustee.
Insider Trade Summary 10b5-1
Net Seller: 24,533 shares
Net Sell
5 txns
Insider
Hug Joshua
Role
Director
Sold
24,533 shs ($504K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,500 | $20.76 | $135K |
| Sale | Common Stock | 9,533 | $20.76 | $198K |
| Sale | Common Stock | 6,500 | $20.10 | $131K |
| Sale | Common Stock | 2,000 | $20.09 | $40K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,402,257 shares (Direct);
Common Stock — 300,000 shares (Indirect, By Trust)
Footnotes (6)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.62 to $20.49 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.
- F3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $19.66 to $20.43 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.
- F4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.31 to $21.20 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.
- F5. Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.34 to $21.20 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.
- F6. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
Key Figures
Shares sold: 24,533 shares
Price range: $19.62–$21.20 per share
Direct holdings after sales: 3,402,257 shares
+3 more
6 metrics
Shares sold
24,533 shares
Total open-market sales on June 16–17, 2026
Price range
$19.62–$21.20 per share
Weighted-average sale price ranges from footnotes
Direct holdings after sales
3,402,257 shares
Common stock held directly following transactions
Indirect trust holdings
300,000 shares
Held by family trust with spouse as trustee
Sell transactions count
4 transactions
Open-market sale entries coded “S”
10b5-1 plan adoption date
December 11, 2025
Date trading plan governing these sales was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, family trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions at prices ranging"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
family trust financial
"The securities are held by a family trust, of which the reporting person's spouse is the trustee."
indirect ownership financial
""ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of transactions did Remitly (RELY) director Joshua Hug report?
The filing reports four open-market sales of common stock, all coded as “S” transactions. There were no option exercises, gifts, or tax-withholding entries, and the filing also lists one indirect holding entry for shares owned through a family trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
