Hug Joshua 4
4 · Remitly Global, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Joshua Hug Receives 41,254 Shares
What Happened
Joshua Hug, a director of Remitly Global, reported the conversion/vesting of RSUs into 41,254 shares of common stock on February 25, 2026. The filing shows two derivative-conversion entries (code M) for 477 and 40,777 RSUs, each reported with $0.00 consideration, meaning the RSUs vested/converted into shares rather than a cash purchase or sale. This was not a sale — it increased Hug’s shareholdings.
Key Details
- Transaction date: February 25, 2026; filing date: February 27, 2026 (filed timely).
- Transaction type/code: Exercise/conversion of derivative (M) — vesting/settlement of RSUs.
- Shares acquired: 41,254 shares (477 + 40,777). Price reported: $0.00 (no cash paid).
- Shares owned after transaction (per filing): 3,626,018 shares of common stock beneficially owned. The filing also references other unvested RSUs (19,541 previously reported) and indicates 476 unvested RSUs remain under this specific award.
- Securities held by a family trust (report notes spouse is trustee).
- Footnotes: RSUs granted June 11, 2025; vesting scheduled quarterly (Aug/Nov/Feb/May) with acceleration provisions — these entries reflect scheduled vesting.
Context
These entries reflect RSU vesting and the conversion of contingent RSU rights into common shares (derivative conversion), not an open-market purchase or sale. Because no shares were sold immediately, this is a routine settlement of compensation awards rather than a directional market bet.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-25+477→ 3,585,241 total - Exercise/Conversion
Common Stock
[F1][F2][F3]2026-02-25+40,777→ 3,645,559 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F2][F5][F6]2026-02-25−477→ 0 total→ Common Stock (477 underlying) - Exercise/Conversion
Restricted Stock Units (RSUs)
[F2][F7]2026-02-25−40,777→ 0 total→ Common Stock (40,777 underlying)
- 300,000(indirect: By Trust)
Common Stock
[F4]
Footnotes (7)
- [F1]Reflects the vesting of RSUs.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F3]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.
- [F4]The securities are held by a family trust, of which the reporting person's spouse is the trustee.
- [F5]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.
- [F6]The total reported in Table I, Column 5, includes 476 unvested RSUs remaining under this RSU award previously reported in Table II.
- [F7]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.