Hug Joshua 4

What Happened
Joshua Hug, a director of Remitly Global, Inc. (RELY), disposed of 33,600 shares on June 1, 2026 in a sale priced at $21.03 per share, for a total of approximately $706,608. The filing indicates the sale was effected automatically under a Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: June 1, 2026 — 33,600 shares sold at $21.03 each.
• Total value: ~$706,608.
• Transaction type/code: Sale (S), reported as an open-market or private sale; effected pursuant to a Rule 10b5-1 plan adopted Dec 11, 2025 (footnote F1).
• Securities held: Shares are held by a family trust for which the reporting person’s spouse is trustee (footnote F2).
• Shares owned after transaction: Not disclosed in the excerpt provided in this summary.
• Filing timeliness: Report filed June 2, 2026 (appears timely based on the reported transaction date).

Context
Sales executed under a 10b5-1 trading plan are pre-arranged and often reflect automated dispositions rather than contemporaneous insider decisions; they do not, by themselves, indicate the insider’s current view of the company. This was a straightforward sale of stock (no option exercise or award involved).