Hug Joshua 4

What Happened Joshua Hug, a director of Remitly Global, sold a total of 33,600 shares of REMLY stock in two dispositions. On 2026-06-29 he sold 16,800 shares at $22.97 each for $385,896, and on 2026-06-30 he sold 16,800 shares at a weighted average price of $22.53 for $378,504. Total proceeds from the sales were $764,400. These were sales (not purchases), which insiders often execute for routine or personal-liquidity reasons.

Key Details

• Transaction dates and prices:
  • 2026-06-29: 16,800 shares at $22.97 — $385,896.
  • 2026-06-30: 16,800 shares at a weighted average $22.53 — $378,504 (individual trades ranged $22.37–$22.91).
• Total shares sold: 33,600; total proceeds: $764,400.
• Shares held after the transaction: Not reported in this filing.
• Footnotes:
  • Sale on (or including) 2026-06-29 was effected automatically under a Rule 10b5-1 trading plan adopted Dec 11, 2025.
  • The 2026-06-30 amount is a weighted average; the filer can provide breakdown of prices on request.
  • Securities are held by a family trust for which the reporting person’s spouse is trustee.
• Timeliness: Form 4 filed 2026-06-30 for trades on 6/29–6/30; filing appears timely.

Context A 10b5-1 plan allows pre-scheduled, automated trades and is commonly used by insiders to avoid trading on nonpublic information; its presence means at least some of these sales were preplanned. These transactions are coded as sales (S) and do not by themselves indicate the insider’s view of the company’s prospects. Joshua Hug is identified as a director (not a 10% owner or executive purchase), and these disposals appear to be routine liquidity actions rather than option exercises or gifts.