Director Joshua Hug sold 80,777 shares at avg $21.18 for $1.7M; all 5 prior RELY sales were well-timed at 90 days.
Joshua Hug, a Director at Remitly Global, executed 3 separate sales totaling 80,777 shares for $1,710,825.78 over two trading days (May 29–30, 2025) at prices ranging from $21.07 to $21.37, with a blended average of $21.18. His prior 5 open-market sales at RELY (all in March–April 2024) were uniformly well-timed, with each sale followed by declines averaging -30% over 30 days and -39.5% over 90 days; this pattern—a 100% well-timed rate at this ticker over the same 90-day window—stands in contrast to his cross-ticker track record of 81.82% well-timed sales. The current stock price of $21.55 sits -20.6% from the 52-week high and only +2.9% over the past 30 days, suggesting limited recent momentum. While post-transaction he retains 3,713,811 shares (3.71M shares), the consistent pattern of his prior exit timing at this specific ticker merits tracking of near-term price action.