Remitly director sells 40,777 shares in plan trade
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.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40,777 | $16.73 | $682K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2. 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.
- F3. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
FAQ
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What insider transaction did RELY director Joshua Hug report?
Was the RELY insider sale by Joshua Hug part of a trading plan?
What role does the family trust play in Joshua Hug’s Remitly holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.