Remitly director Hug sells 11K shares under plan
Remitly Global, Inc. director Joshua Hug reported open-market sales of 11,000 shares of common stock over two days.
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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.
Insider Trade Summary 10b5-1
| 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 | -- | -- | -- |
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
Key Terms
Rule 10b5-1 trading plan regulatory
Weighted average price financial
family trust financial
indirect ownership financial
FAQ
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What insider transactions did Remitly (RELY) director Joshua Hug report?
What Remitly (RELY) holdings does Joshua Hug report after these transactions?
Are the reported Remitly (RELY) sales direct or indirect holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.