Remitly Global (NASDAQ: RELY) director Hug sells 687,768 shares via 10b5-1 plan
Rhea-AI Filing Summary
Remitly Global, Inc. director Joshua Hug reported selling 687,768 shares of common stock from July 15–17, 2026 in multiple open market or private transactions at prices between $23.78 and $25.75 per share, effected automatically under a Rule 10b5-1 trading plan adopted on December 11, 2025. Following these sales, he holds 2,680,889 shares directly and 300,000 shares indirectly through a family trust for which his spouse serves as trustee.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 687,768 shares ($17,234,576)
Net Sell
5 txns
Insider
Hug Joshua
Role
Director
Sold
687,768 shs ($17.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,500 | $24.11 | $133K |
| Sale | Common Stock | 362,000 | $25.18 | $9.12M |
| Sale | Common Stock | 5,500 | $25.39 | $140K |
| Sale | Common Stock | 314,768 | $24.93 | $7.85M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,680,889 shares (Direct);
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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $24.89 to $24.95 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $24.89 to $25.70 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $25.01 to $25.75 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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.78 to $24.67 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. The securities are held by a family trust, of which the reporting person's spouse is the trustee.
Key Figures
Total shares sold: 687768 shares
Shares sold July 15, 2026: 314768.0000 shares
Shares sold July 16, 2026: 362000.0000 shares
+4 more
7 metrics
Total shares sold
687768 shares
Aggregate Remitly common shares sold by Joshua Hug from July 15–17, 2026
Shares sold July 15, 2026
314768.0000 shares
Common stock sold on July 15, 2026 at weighted average price of $24.9300
Shares sold July 16, 2026
362000.0000 shares
Common stock sold on July 16, 2026 at weighted average price of $25.1800
Additional shares sold July 16, 2026
5500.0000 shares
Additional common stock sold on July 16, 2026 at weighted average price of $25.3900
Shares sold July 17, 2026
5500.0000 shares
Common stock sold on July 17, 2026 at weighted average price of $24.1100
Direct holdings after sales
2680889.0000 shares
Directly held Remitly common shares after the July 17, 2026 transaction
Indirect trust holdings
300000.0000 shares
Remitly common shares held indirectly by a family trust as of July 15, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, family trust
3 terms
Rule 10b5-1 trading plan financial
"This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan"
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"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock sale did Remitly (RELY) disclose for Joshua Hug?
Remitly disclosed that director Joshua Hug sold 687,768 shares of common stock between July 15 and 17, 2026. The shares were sold in multiple transactions under a pre-arranged Rule 10b5-1 trading plan at prices in the mid-$20s per share.
Were Joshua Hug’s Remitly (RELY) stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected automatically under a Rule 10b5-1 trading plan adopted by Joshua Hug on December 11, 2025. The plan-based nature is also reflected in the affirmative Rule 10b5-1 checkbox and related footnote.
What is Joshua Hug’s position at Remitly (RELY) in this Form 4 filing?
The Form 4 identifies Joshua Hug as a director of Remitly Global, Inc. He is not listed as an officer or 10% owner in this filing, and the reported transactions involve his holdings of Remitly common stock, both direct and indirect through a family trust.
How are Joshua Hug’s indirect Remitly (RELY) holdings structured?
An indirect holding of 300,000 shares is attributed to a family trust, with his spouse serving as trustee. This structure is disclosed in a footnote clarifying that these securities are held by the family trust rather than directly in Hug’s own name.