Hug Joshua 4
4 · Remitly Global, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Joshua Hug Sells 24,000 Shares
What Happened
- Joshua Hug, a director of Remitly Global, sold a total of 24,000 shares in open‑market transactions on May 14–15, 2026. The trades were: 6,500 shares @ $23.31 ($151,515) and 5,500 shares @ $23.32 ($128,260) on May 14; and 6,500 shares @ $22.70 ($147,550) and 5,500 shares @ $22.70 ($124,850) on May 15. Total proceeds were about $552,175. The filing identifies these sales with the transaction code S (sale).
Key Details
- Transaction dates: May 14–15, 2026.
- Breakdown:
- 2026-05-14: 6,500 @ $23.31 = $151,515 (sale)
- 2026-05-14: 5,500 @ $23.32 = $128,260 (sale)
- 2026-05-15: 6,500 @ $22.70 = $147,550 (sale)
- 2026-05-15: 5,500 @ $22.70 = $124,850 (sale)
- Total shares sold: 24,000; total proceeds: ~$552,175.
- Footnotes in the filing note weighted-average price ranges across multiple transactions (ranges reported in the filing) and state the trades were effected pursuant to a Rule 10b5-1 trading plan adopted December 11, 2025.
- The filing also indicates some securities are held by a family trust for which the reporting person's spouse is trustee.
- Filing date: May 15, 2026 (timely relative to the reported trade dates).
Context
- These were open‑market sales (code S). The filing states the trades were executed under a 10b5-1 plan, which is an automated, pre‑arranged trading program; such plans can make sales more routine and less indicative of new insider views. Sales do not necessarily signal negative company prospects; purchases are generally considered more informative about insider conviction.
Insider Transaction Report
Form 4
Hug Joshua
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-05-14$23.31/sh−6,500$151,515→ 3,475,820 total - Sale
Common Stock
[F1][F3]2026-05-14$23.32/sh−5,500$128,260→ 3,470,320 total - Sale
Common Stock
[F1][F4]2026-05-15$22.70/sh−6,500$147,550→ 3,463,820 total - Sale
Common Stock
[F1][F5]2026-05-15$22.70/sh−5,500$124,850→ 3,458,320 total
Holdings
- 300,000(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [F1]This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
- [F2]Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.14 to $23.75 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]Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.14 to $23.73 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.
- [F4]Weighted average price. These shares were sold in multiple transactions at prices ranging from $22.43 to $23.18 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.
- [F5]Weighted average price. These shares were sold in multiple transactions at prices ranging from $23.43 to $23.21 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.
- [F6]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|2026-05-15