Hug Joshua 4

What Happened
Joshua Hug, a director of Remitly Global, Inc. (RELY), sold 34,383 shares on May 11, 2026 in an open-market disposition. The weighted average sale price was $24.89, with individual trades executed in a $24.89–$24.91 range, for aggregate proceeds of approximately $855,793. This was a sale (not a purchase) and was effected pursuant to a pre-established trading plan.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing).
• Sale type/code: S (open market/private sale).
• Shares sold: 34,383; weighted average price $24.89; reported price range $24.89–$24.91.
• Proceeds: ~ $855,793.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes: (1) Transaction was automatic under a Rule 10b5-1 plan adopted Dec 11, 2025. (2) Weighted average price; sales occurred at multiple prices within the stated range; holder will provide breakdown on request. (3) The securities are held by a family trust for which the reporting person’s spouse is trustee.

Context
Because the sale was executed under a Rule 10b5-1 trading plan and the securities are held in a family trust, this appears to be a pre-planned/automatic disposition rather than an ad hoc sale based on new information. Sales under 10b5-1 plans are common and do not necessarily signal management’s view of the company’s prospects.