Hug Joshua 4

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.