Remitly Director Sells Over 40,000 Shares as Stock Trades Near Bottom of Range

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($13.33); post-transaction worth based connected December 1, 2025 marketplace adjacent ($13.23).

• What proportionality of Hug's nonstop holdings did this merchantability represent?
  The 40,776 shares sold accounted for astir 1.10% of Hug's nonstop ownership astatine the clip of the transaction.

• How does the size of this transaction comparison to Hug's humanities selling activity?
  This merchantability was larger than Hug's median nonstop merchantability size implicit the past twelvemonth (22,108 shares) and supra his multi-year median for merchantability transactions (27,395 shares).

• What is the standard of Hug's nonstop ownership aft this sale?
  After this transaction, Hug retains nonstop ownership of 3,654,764 shares, valued astatine astir $48.4 cardinal arsenic of December 1, 2025, representing astir 1.7500% of the company’s outstanding shares.

• Did the transaction coincide with notable marketplace show oregon terms volatility?
  The merchantability occurred astatine a weighted mean terms of $13.33 per share, with a closing terms of $13.23 connected December 1, 2025; the banal had an approximate one-year full instrumentality of (36.20%).

* 1-year terms alteration calculated utilizing December 1, 2025 arsenic the notation date.

• Remitly offers integer cross-border remittance services to implicit 150 countries, enabling unafraid and businesslike wealth transfers for immigrants and their families.

• The institution targets migrant workers and expatriates seeking reliable, cost-effective solutions for sending funds internationally.

Remitly operates astatine standard successful the integer remittance sector, serving a planetary lawsuit basal with a technology-driven platform. The company’s strategy centers connected providing accessible, secure, and user-friendly solutions for cross-border wealth transfers, with a competitory vantage successful geographic scope and absorption connected migrant communities.

Remitly Director Joshua Hug made this merchantability of 40,776 shares adjacent to the stock's 52-week debased of astir $12. The timing is peculiarly noteworthy fixed Remitly's challenging year. The banal has declined astir 39% implicit the past 12 months, and shares were trading successful the little fractional of their 52-week scope erstwhile Hug executed this transaction. When directors merchantability during a prolonged slump, it raises questions astir their assurance successful a near-term recovery.