Remitly (RELY) director Joshua Hug sells 40,777 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported selling 40,777 shares of common stock in an open-market transaction at a weighted average price of $16.73 per share, executed under a pre-arranged Rule 10b5-1 trading plan. After the sale, he held 3,604,782 shares directly and 300,000 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,777 shares ($682,199)
Net Sell
2 txns
Insider
Hug Joshua
Role
Director
Sold
40,777 shs ($682K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40,777 | $16.73 | $682K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,604,782 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.46 to $17.07 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. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
FAQ
What insider transaction did RELY director Joshua Hug report?
Joshua Hug reported selling 40,777 shares of Remitly Global common stock. The sale was an open-market transaction executed under a Rule 10b5-1 trading plan, which pre-schedules trades, and reflects part of his ongoing ownership management.
Was the RELY insider sale by Joshua Hug part of a trading plan?
Yes. The filing states the sale was effected automatically under a Rule 10b5-1 trading plan. Such plans allow insiders to schedule trades in advance, helping separate personal trading decisions from day-to-day corporate developments.
What role does the family trust play in Joshua Hug’s Remitly holdings?
The filing discloses that 300,000 Remitly shares are held by a family trust. His spouse is the trustee of this trust, and these shares are reported as indirect beneficial ownership separate from his directly held shares.