Hug Joshua 4
4 · Remitly Global, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Joshua Hug Sells 40,777 Shares
What Happened
- Joshua Hug, a director of Remitly Global, sold 40,777 shares on 2026-03-02 in open-market transactions. The weighted average sale price was $16.73, generating proceeds of approximately $682,199. Reported sale prices ranged from $16.46 to $17.07.
Key Details
- Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (reporting appears timely).
- Sale type/code: S (open market sale), effected under a Rule 10b5-1 trading plan (Footnote F1).
- Price details: weighted average $16.73; individual trades ranged $16.46–$17.07 (Footnote F2).
- Shares owned after transaction: not specified in the provided filing summary.
- Ownership note: the securities are held by a family trust for which the reporting person’s spouse is trustee (Footnote F3).
Context
- This was a sale, not a purchase; sales executed under pre-established 10b5-1 plans are often routine and do not necessarily indicate a change in the insider’s view of the company. Retail investors should treat 10b5-1–driven sales as less informative about insider sentiment than ad hoc purchases.
Insider Transaction Report
Form 4
Hug Joshua
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-03-02$16.73/sh−40,777$682,199→ 3,604,782 total
Holdings
- 300,000(indirect: By Trust)
Common Stock
[F3]
Footnotes (3)
- [F1]This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F2]Weighted average price. These shares were sold in multiple transactions at prices ranging from $16.46 to $17.07 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.
- [F3]The securities are held by a family trust, of which the reporting person's spouse is the trustee.
Signature
/s/ Jeff Mason as attorney-in-fact|2026-03-03