Remitly Global (RELY) director Hug sells 11,000 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported open-market sales of 11,000 shares of common stock over two days. On August 11, 2026 he sold 5,500 shares at a weighted average price of $23.65, and on August 12, 2026 another 5,500 shares at a weighted average price of $23.84. Both sales were executed automatically under a Rule 10b5-1 trading plan adopted on December 11, 2025. Following these transactions, 300,000 shares are reported as held indirectly through a family trust, for which his spouse serves as trustee.
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Insider Trade Summary 10b5-1
Net Seller: 11,000 shares
Net Sell
3 txns
Insider
Hug Joshua
Role
Director
Sold
11,000 shs ($261K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3 | 5,500 | $23.84 | $131K |
| Sale | Common Stock F1, F2 | 5,500 | $23.65 | $130K |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,669,889 shares (Direct);
Common Stock — 300,000 shares (Indirect, By Trust)
Footnotes (4)
- F1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person December 11, 2025.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.32 to $24.16 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 $23.38 to $24.29 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. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
Key Figures
Shares sold Aug 11, 2026: 5,500 shares
Price Aug 11, 2026: $23.65 per share
Shares sold Aug 12, 2026: 5,500 shares
+3 more
6 metrics
Shares sold Aug 11, 2026
5,500 shares
Open-market sale of common stock at weighted average price
Price Aug 11, 2026
$23.65 per share
Weighted average sale price for 5,500 shares
Shares sold Aug 12, 2026
5,500 shares
Open-market sale of common stock at weighted average price
Price Aug 12, 2026
$23.84 per share
Weighted average sale price for 5,500 shares
Total shares sold
11,000 shares
Net reported sales of common stock across both transactions
Indirect trust holdings
300,000 shares
Common stock held indirectly by a family trust with spouse as trustee
Key Terms
Rule 10b5-1 trading plan, Weighted average price, family trust, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan"
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"
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.
family trust financial
"The securities are held by a family trust, of which the reporting person's spouse"
indirect ownership financial
"total_shares_following_transaction 300000.0000, direct_or_indirect I"
FAQ
What insider transactions did Remitly (RELY) director Joshua Hug report?
Joshua Hug reported two open-market sales totaling 11,000 shares of Remitly common stock on August 11 and 12, 2026. Each sale involved 5,500 shares, reported at weighted average prices of $23.65 and $23.84, respectively.
What Remitly (RELY) holdings does Joshua Hug report after these transactions?
The filing shows 300,000 shares of Remitly common stock held indirectly through a family trust, with his spouse as trustee. This entry is reported as of August 11, 2026 and reflects indirect ownership by that trust.
Are the reported Remitly (RELY) sales direct or indirect holdings?
The 11,000 shares sold are reported as directly owned common stock. Separately, a holding line discloses 300,000 shares held indirectly by a family trust, where the reporting person’s spouse serves as trustee, indicating a distinct ownership structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
