Remitly (RELY) Director Joshua Hug Sells 11,000 Shares

What Happened
Joshua Hug, a director of Remitly Global, sold a total of 11,000 shares in open‑market transactions. He disposed of 5,500 shares on 2026‑08‑11 at a weighted average price of $23.65 for proceeds of $130,075, and 5,500 shares on 2026‑08‑12 at a weighted average price of $23.84 for proceeds of $131,120 — total proceeds approximately $261,195. These were sales (not purchases), which are often routine cash‑management transactions rather than a direct signal of company outlook.

Key Details

• Transaction dates and reported weighted average prices: 2026‑08‑11 — 5,500 shares @ $23.65; 2026‑08‑12 — 5,500 shares @ $23.84.
• Total shares sold: 11,000; total proceeds: ~$261,195.
• Footnotes: transactions were effected automatically under a Rule 10b5‑1 trading plan adopted Dec 11, 2025 (F1). The filing reports weighted‑average price ranges for the multiple trades that comprised each block (ranges noted as $23.32–$24.16 and $23.38–$24.29) and offers to provide per‑trade prices on request (F2, F3). Securities are held in a family trust for which the reporting person’s spouse is trustee (F4).
• Shares owned after the transactions: not specified in the supplied filing details.
• Filing timeliness: form was filed Aug 13, 2026 for trades on Aug 11–12, 2026; no late‑filing indication noted.

Context
These were open‑market sales under an established 10b5‑1 plan, meaning the trades were pre‑scheduled and executed automatically. Such planned insider sales are common and generally viewed as routine liquidity actions rather than definitive statements about company fundamentals.