Remitly (RELY) Director Joshua Hug Sells 11,000 Shares

What Happened Joshua Hug, a director of Remitly Global, Inc. (RELY), sold a total of 11,000 shares in two open-market transactions. On 2026-09-08 he sold 5,500 shares at a weighted average price of $25.03 for proceeds of $137,665 (prices ranged $24.72–$25.88). On 2026-09-09 he sold 5,500 shares at a weighted average price of $24.30 for proceeds of $133,650 (prices ranged $24.00–$24.84). Total proceeds from the two sales were approximately $271,315. These were sales (not purchases or option exercises).

Key Details

• Transaction dates and prices:
  • 2026-09-08: 5,500 shares sold, WAP $25.03 (range $24.72–$25.88) — $137,665 (F2).
  • 2026-09-09: 5,500 shares sold, WAP $24.30 (range $24.00–$24.84) — $133,650 (F3).
• Total shares sold: 11,000; total proceeds ≈ $271,315.
• Shares owned after transaction: not specified in this filing.
• Notable footnotes:
  • F1: Sales were effected automatically under a Rule 10b5-1 trading plan adopted Dec 11, 2025.
  • F2 & F3: Reported weighted-average prices; seller can provide breakdown of prices on request.
  • F4: Securities are held by a family trust for which the reporting person’s spouse is trustee.
• Filing: Form 4 filed on 2026-09-10 for transactions on Sept 8–9; appears to be filed in the normal timeframe.

Context

• These were pre-arranged sales under a 10b5-1 plan (F1), meaning the trades were executed according to a previously adopted trading plan rather than ad hoc decisions. Sales under 10b5-1 plans are common for insiders and are generally viewed as routine rather than a direct signal of management sentiment.