Remitly (RELY) director Joshua Hug sells 476 shares, keeps over 3.4M
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported a small open-market sale of company stock. On May 29, 2026, he sold 476 shares of common stock at $20.00 per share in an open-market transaction made under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025. After this sale, he directly holds 3,457,844 shares of Remitly common stock. The filing also shows 300,000 shares of common stock held indirectly through a family trust, for which his spouse serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 476 shares ($9,520)
Net Sell
2 txns
Insider
Hug Joshua
Role
null
Sold
476 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 476 | $20.00 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,457,844 shares (Direct, null);
Common Stock — 300,000 shares (Indirect, By Trust)
Footnotes (1)
- This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
Key Figures
Shares sold: 476 shares
Sale price per share: $20.00/share
Direct holdings after sale: 3,457,844 shares
+2 more
5 metrics
Shares sold
476 shares
Open-market sale on May 29, 2026
Sale price per share
$20.00/share
Open-market sale on May 29, 2026
Direct holdings after sale
3,457,844 shares
Common stock held directly after reported transaction
Indirect trust holdings
300,000 shares
Common stock held by family trust with spouse as trustee
Rule 10b5-1 plan adoption date
December 11, 2025
Trading plan governing the May 29, 2026 sale
Key Terms
Rule 10b5-1 trading plan, family trust, open-market sale, indirect ownership
4 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 on December 11, 2025."
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.
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; transaction_code_description: Sale in open market or private transaction"
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
"direct_or_indirect: I, nature_of_ownership: By Trust, indicating indirect ownership through a trust."
FAQ
What insider transaction did Joshua Hug report for Remitly (RELY)?
Joshua Hug reported selling 476 shares of Remitly common stock at $20.00 per share. The transaction was an open-market sale and is recorded as a Form 4 insider filing with the SEC for transparency on director trading activity.
Was Joshua Hug’s Remitly (RELY) stock sale pre-planned under a Rule 10b5-1 plan?
Yes. The filing states the transaction was executed automatically under a Rule 10b5-1 trading plan adopted on December 11, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as an indicator of the insider’s current views.
Does the Form 4 show any Remitly (RELY) derivative securities for Joshua Hug?
No derivative securities are listed for Joshua Hug in this Form 4. The derivativeSummary section is empty, and the reported positions consist solely of Remitly common stock held directly and indirectly through the family trust as disclosed.