Remitly CAO reports 177,936 share holdings
Remitly Global, Inc. executive Fung Tai-Hong, the Chief Accounting Officer, has filed an initial ownership report showing beneficial ownership of 177,936 shares of common stock, held directly.
Rhea-AI Filing Summary
Remitly Global, Inc. executive Fung Tai-Hong, the Chief Accounting Officer, has filed an initial ownership report showing beneficial ownership of 177,936 shares of common stock, held directly.
The filing also notes a grant of restricted stock units made on March 12, 2026. These RSUs each represent a contingent right to receive one share of common stock upon settlement. They vest as to 15% of the total underlying shares on February 25, 2027, then 3.75% on each of the next four quarterly vesting dates, and 8.75% quarterly thereafter, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fung Tai-Hong
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 177,936 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units (RSUs) granted on March 12, 2026, each of which represents a contingent right to receive one share of the Issuer's common stock upon settlement. The RSUs vest as to 15% of the total shares underlying the RSUs on February 25, 2027, 3.75% of the total shares vest on each of the four quarterly vesting dates thereafter, and then 8.75% of the total shares vest quarterly thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.
Key Figures
Common stock holdings: 177,936 shares
Initial RSU vesting: 15% of RSUs
Subsequent RSU vesting tranche: 3.75% of RSUs
+2 more
5 metrics
Common stock holdings
177,936 shares
Total shares beneficially owned following report
Initial RSU vesting
15% of RSUs
Vests on February 25, 2027
Subsequent RSU vesting tranche
3.75% of RSUs
On each of the next four quarterly vesting dates
Later RSU vesting rate
8.75% of RSUs
Vests quarterly thereafter, subject to continued service
RSU grant date
March 12, 2026
Grant date for restricted stock units
Key Terms
restricted stock units (RSUs), contingent right, vest, quarterly vesting dates, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) granted on March 12, 2026, each of which represents a contingent right"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"each of which represents a contingent right to receive one share of the Issuer's common stock upon settlement"
vest financial
"The RSUs vest as to 15% of the total shares underlying the RSUs on February 25, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly vesting dates financial
"3.75% of the total shares vest on each of the four quarterly vesting dates thereafter"
provision of service financial
"subject to the reporting person's provision of service to the Issuer on each vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by Fung Tai-Hong at Remitly (RELY) show?
The Form 3 shows Chief Accounting Officer Fung Tai-Hong beneficially owns 177,936 shares of Remitly common stock. It also discloses a grant of restricted stock units that vest over time, contingent on continued service with the company.
What restricted stock unit (RSU) grant is disclosed for Remitly (RELY) CAO Fung Tai-Hong?
The filing discloses RSUs granted on March 12, 2026, each representing a contingent right to one Remitly share. Vesting depends on continued service and occurs in stages beginning in February 2027 and continuing quarterly thereafter.
When do Fung Tai-Hong’s Remitly (RELY) RSUs begin vesting?
Vesting for the RSUs begins on February 25, 2027, when 15% of the total underlying shares vest. Additional portions then vest quarterly, provided Fung Tai-Hong continues to provide service to Remitly on each vesting date.
How do Fung Tai-Hong’s Remitly (RELY) RSUs vest over time?
After 15% of the RSUs vest on February 25, 2027, another 3.75% vests on each of the next four quarterly vesting dates. The remaining shares then vest at 8.75% per quarter, subject to continued service with Remitly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
