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RELY - Remitly Global, Inc.

Insider Sale by Hug Joshua (Dir)

1 Month
After Trade
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Trade Summary

2 days ago, Hug Joshua, serving as Dir at Remitly Global, Inc. (RELY), sold 33,600 shares at $21.61 per share, for a total transaction value of $726,096.00. Following this transaction, Hug Joshua now holds 3,816,703 shares of RELY.

This sale represents a 1.00% decrease in Hug Joshua's stake in the company. This is considered a medium-conviction trade.

The trade was executed on Wednesday, April 29, 2026 and publicly disclosed via SEC Form 4 filing on Friday, May 1, 2026, 2 days after the trade was made.

Remitly Global, Inc. operates in the TECHNOLOGY sector, specifically within the SOFTWARE - INFRASTRUCTURE industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Hug Joshua

Dir

Joshua Hug (age 46) is a co-founder and long-time Director (Class III) at Remitly Global, Inc. (RELY), serving on the board since November 2011 with his current term expiring in 2027[[1]](https://fintool.com/app/research/companies/RELY/people/joshua-hug)[[2]](https://www.marketscreener.com/insider/JOSHUA-HUG-A0HU7D/). He played pivotal roles in the company's growth, including as Chief Product Officer (2011–2016), Chief Operating Officer (2016–May 2024), and Vice Chair (May 2024–May 2025), after which he transitioned to a non-employee director role[[1]](https://fintool.com/app/research/companies/RELY/people/joshua-hug). Hug holds a B.S. in Computer Science and a B.A. in Mathematics from Whitworth University (2000) and previously co-founded Shelfari, a social book cataloging platform acquired by Amazon in 2008, where he led the team post-acquisition until 2011[[1]](https://fintool.com/app/research/companies/RELY/people/joshua-hug)[[3]](https://www.whitworth.edu/cms/academics/school-of-business/executive-speaker-series/josh-hug/). Remitly Global, founded in 2011 by Hug alongside Matthew Oppenheimer and Shivaas Gulati (initially as BeamIt Mobile), provides digital remittance services for international money transfers via web and mobile apps, addressing high costs and inefficiencies in traditional services[[2]](https://www.marketscreener.com/insider/JOSHUA-HUG-A0HU7D/)[[4]](https://matrixbcg.com/blogs/brief-history/remitly). As a key insider, Hug recently traded shares in RELY and maintains significant ownership (2.3%), though 2,000,000 shares are pledged as collateral[[1]](https://fintool.com/app/research/companies/RELY/people/joshua-hug). His expertise spans product leadership, operations scaling in fintech, and entrepreneurial ventures, contributing to Remitly's expansion from Seattle-based startup to public company[[1]](https://fintool.com/app/research/companies/RELY/people/joshua-hug)[[5]](https://portersfiveforce.com/blogs/owners/remitly).

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Trade Price

$21.61

Quantity

33,600

Total Value

$726,096.00

Shares Owned

3,816,703

Trade Date

Wednesday, April 29, 2026

2 days ago

SEC Filing Date

Friday, May 1, 2026

Filed 2 days after trade

TECHNOLOGYSOFTWARE - INFRASTRUCTURE

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