{
  "id": 13118967,
  "title": "Remitly director Joshua Hug sells $254,375 in company stock",
  "url": "https://urgent.news/2026/10/09/remitly-director-joshua-hug-sells-254-375-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T13:01:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/remitly-director-joshua-hug-sells-254375-in-company-stock-93CH-4941166"
  },
  "original_language": "en",
  "account": "Joshua Hug, a director at Remitly Global, Inc. (NASDAQ:RELY), recently divested a total of $254,375 worth of the company's common stock in two separate transactions. Shares of Remitly traded at $23.52, a 37.54% increase over the past six months. On October 6, 2026, Hug sold 5,500 shares at a weighted average price of $23.18, ranging from $22.68 to $23.56. The following day, on October 7, 2026, he sold another 5,500 shares at a weighted average price of $23.07, ranging between $22.91 and $23.20. Both transactions were conducted under a Rule 10b5-1 trading plan adopted by Hug on December 11, 2025. Remitly remains profitable, with a P/E ratio of 15.71 and analysts suggesting the stock is undervalued. Hug directly holds 2,647,889 shares, with an additional 300,000 shares indirectly held by a family trust. Remitly reported strong Q2 2026 earnings, surpassing expectations in both profit and revenue. The company has received positive analyst ratings and increased price targets.",
  "summary": null,
  "key_points": [
    "Joshua Hug sold $254,375 worth of Remitly stock in two transactions.",
    "Shares of Remitly increased by 37.54% over the past six months.",
    "Hug's stock sales were conducted under a Rule 10b5-1 trading plan."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}