Remitly (RELY) director Joshua Hug gains stock through RSU vesting

Rhea-AI Filing Summary

Remitly Global, Inc. director Joshua Hug reported the vesting and settlement of restricted stock units into common stock. On February 25, 2026, RSUs covering 477 shares and 40,777 shares were exercised at $0.00 per share and converted into the same number of Remitly common shares. After these conversions, Hug directly owned 3,645,559 shares of common stock, which includes previously reported unvested RSUs noted in the footnotes. An additional 300,000 common shares are held indirectly by a family trust, for which Hug’s spouse serves as trustee. Footnotes explain that each RSU represents one share upon settlement and describe the grant and quarterly vesting schedule for these awards.

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

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

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)
02/25/2026

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	02/25/2026		M		477(1)	A	(2)	3,585,241	D
Common Stock	02/25/2026		M		40,777(1)	A	(2)	3,645,559(3)	D
Common Stock								300,000	I	By Trust(4)

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
Restricted Stock Units (RSUs)	(2)	02/25/2026		M			477	(5)	(5)	Common Stock	477	$0	0(6)	D
Restricted Stock Units (RSUs)	(2)	02/25/2026		M			40,777	(7)	(7)	Common Stock	40,777	$0	0	D

Explanation of Responses:

1. Reflects the vesting of RSUs.

2. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

3. The reporting person has reported prior awards of RSUs in Table II. The total reported in Table I, Column 5, includes 19,541 unvested RSUs previously reported in Table II and 3,626,018 shares of common stock.

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

5. The RSUs were granted on June 11, 2025, and will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the 2026 annual meeting of the Issuer's stockholders or (ii) June 11, 2026, subject to the reporting person's provision of service to the Issuer on each vesting date.

6. The total reported in Table I, Column 5, includes 476 unvested RSUs remaining under this RSU award previously reported in Table II.

7. The RSUs vested as to 1/4 of the total shares underlying the RSUs on May 25, 2025, and then 1/4 of the total shares vest quarterly, subject to the reporting person's provision of service to the Issuer on each vesting date.

Remarks:

	/s/ Jeff Mason as attorney-in-fact	02/27/2026
	** 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).
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FAQ

What insider transaction did Remitly (RELY) director Joshua Hug report?

Director Joshua Hug reported RSU vesting that converted into common stock. On February 25, 2026, RSUs for 477 and 40,777 shares were exercised at $0.00 per share, increasing his direct common stock holdings as disclosed.

How many Remitly (RELY) shares does Joshua Hug own after this Form 4?

After the reported RSU conversions, Joshua Hug directly holds 3,645,559 shares of Remitly common stock. A separate 300,000 common shares are held indirectly by a family trust, for which his spouse serves as trustee, according to the filing footnotes.

What type of securities vested for Remitly (RELY) director Joshua Hug?

The filing shows vesting of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one Remitly common share upon settlement, with specific quarterly vesting schedules described in the footnotes for the referenced RSU grants.

Were any Remitly (RELY) shares sold in Joshua Hug’s Form 4?

The Form 4 reports RSU exercises and conversions into common stock, not open-market sales. All coded transactions are derivative exercises (code M) that increased reported ownership, with no sell transactions indicated in the provided transaction summary.

How are the family trust holdings for Remitly (RELY) attributed in this Form 4?

The Form 4 notes 300,000 Remitly common shares held indirectly by a family trust. A footnote explains the securities are held by a family trust where the reporting person’s spouse acts as trustee, distinguishing these from his directly held shares.

What vesting schedule applies to Joshua Hug’s RSUs at Remitly (RELY)?

Footnotes state an RSU grant dated June 11, 2025 vests in four equal installments on August 25, November 25, February 25, and May 25, or fully by the earlier of the 2026 annual meeting or June 11, 2026, subject to continued service.