Remitly director sells 33,600 shares under plan
Remitly Global, Inc. director Joshua Hug reported open-market sales of a total of 33,600 shares of common stock over two days.
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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 33,600 shares of common stock over two days. He sold 16,800 shares on April 29 at a weighted average price of about $21.56 per share and 16,800 shares on April 30 at about $21.66 per share.
The transactions were effected automatically under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025. After these sales, Hug directly holds 3,516,703 shares of Remitly common stock, and an additional 300,000 shares are held indirectly by a family trust for which his spouse serves as trustee.
Insider Trade Summary 10b5-1
Net Seller: 33,600 shares
Net Sell
3 txns
Insider
Hug Joshua
Role
Director
Sold
33,600 shs ($726K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,800 | $21.66 | $364K |
| Sale | Common Stock | 16,800 | $21.56 | $362K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,516,703 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 on December 11, 2025.
- F2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $21.41 to $21.68 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 $21.51 to $21.82 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
Total shares sold: 33,600 shares
Shares sold April 29: 16,800 shares
Shares sold April 30: 16,800 shares
+4 more
7 metrics
Total shares sold
33,600 shares
Open-market sales on April 29–30, 2026
Shares sold April 29
16,800 shares
Common stock sale at $21.56 weighted average
Shares sold April 30
16,800 shares
Common stock sale at $21.66 weighted average
Direct holdings after trades
3,516,703 shares
Common stock directly owned after April 30 sale
Indirect trust holdings
300,000 shares
Common stock held by family trust, spouse as trustee
April 29 price range
$21.51–$21.82
Multiple transactions, weighted average $21.56
April 30 price range
$21.41–$21.68
Multiple transactions, weighted average $21.66
Key Terms
Rule 10b5-1 trading plan, weighted average price, family trust, open-market sale, +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 from"
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 is the trustee"
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.
indirect ownership financial
""ownership_type": "indirect", "nature_of_ownership": "By Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Joshua Hug report for Remitly (RELY)?
Joshua Hug reported selling a total of 33,600 Remitly common shares in two open-market transactions. He sold 16,800 shares on April 29 and another 16,800 shares on April 30, both at weighted average prices just above $21 per share.
Were Joshua Hug’s Remitly (RELY) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected automatically under a Rule 10b5-1 trading plan adopted on December 11, 2025. Such plans allow insiders to schedule trades in advance, reducing the significance of trade timing information for investors.
Does the Form 4 show any derivative exercises for Remitly (RELY)?
No derivative transactions are listed in this Form 4. The filing only shows open-market sales of Remitly common stock and a holding entry for 300,000 shares owned indirectly through a family trust, with no option or warrant exercises reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
