Hug Joshua 4

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.