Remitly (RELY) Form 4: Director Sells Shares Under 10b5-1

Rhea-AI Filing Summary

Joshua Hug, a director of Remitly Global, Inc. (RELY), executed a planned sale of 20,000 shares on 08/07/2025 at $19.08 per share under a Rule 10b5-1 trading plan. The filing states the transaction was effected automatically pursuant to that preexisting plan.

After the reported sale the reporting person beneficially owns 3,673,811 shares directly and 300,000 shares indirectly through a family trust where the reporting person’s spouse is trustee. The Form 4 discloses the relationship as Director and notes the sale was part of an established trading plan.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating the sale was preplanned and automated.
• Significant retained ownership: the reporting person still beneficially owns 3,673,811 shares directly and 300,000 indirectly via a family trust.

Negative

• Insider sale reported: disposition of 20,000 shares at $19.08, which investors may note when assessing insider activity.

Insights

Securities Analyst

TL;DR: Routine, preplanned insider sale of 20,000 shares; post-sale holdings remain large, so market impact is likely neutral.

The Form 4 shows a director-initiated sale executed under a Rule 10b5-1 plan, selling 20,000 shares at $19.08. The reporting person continues to hold 3,673,811 shares directly and 300,000 indirectly. The sale represents a small fraction of the reported direct holdings (roughly 0.5%), indicating this was a limited disposition rather than a broad exit from ownership. Disclosure is complete and consistent with routine insider trading reporting.

Corporate Governance Expert

TL;DR: Use of a documented 10b5-1 plan and clear disclosure of direct and indirect holdings aligns with governance best practices; not materially adverse.

The filing explicitly states the transaction was effected automatically under a Rule 10b5-1 trading plan and identifies indirect ownership via a family trust with the reporting person’s spouse as trustee. Those points provide transparency on timing and beneficial ownership structure. There are no disclosures of departures, material amendments, or unusual derivative activity in this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hug Joshua

(Last) (First) (Middle)

C/O REMITLY GLOBAL, INC.

401 UNION STREET, SUITE 1000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/07/2025		S(1)		20,000	D	$19.08	3,673,811	D
Common Stock								300,000	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. The securities are held by a family trust, of which the reporting person's spouse is the trustee.

Remarks:

	/s/ Jeff Mason as attorney-in-fact	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Joshua Hug report on the Form 4 for Remitly (RELY)?

The Form 4 reports a planned sale of 20,000 shares executed on 08/07/2025 at $19.08 per share under a Rule 10b5-1 trading plan.

How many shares does the reporting person own after the transaction?

After the reported transaction the reporting person beneficially owns 3,673,811 shares directly and 300,000 shares indirectly via a family trust.

Was the sale part of a pre-established trading plan?

Yes. The filing states the transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

What is the nature of the indirect ownership disclosed?

The indirect ownership of 300,000 shares is held by a family trust of which the reporting person’s spouse is the trustee, as disclosed in the Form 4.

What role does the reporting person hold at Remitly?

The Form 4 identifies the reporting person, Joshua Hug, as a Director of Remitly Global, Inc.