Remitly (RELY) Form 4: Nigel Morris Reports 2,399 Shares from RSU Vesting

Rhea-AI Filing Summary

Nigel W. Morris, a director of Remitly Global, Inc. (RELY), reported transactions on 08/25/2025 reflecting the vesting of restricted stock units (RSUs). The filing shows two RSU-related transactions that resulted in 524 and 1,875 shares being acquired upon vesting (total 2,399 shares). Each RSU represents the contingent right to one share of common stock on settlement. Following these reported transactions, the filing lists beneficial ownership levels of 1,842,523 and 1,844,398 shares on the two non-derivative lines, reported as direct holdings. The RSUs were granted on June 11, 2025 and vest on scheduled dates (including August 25), with an accelerated vesting provision tying full vesting to the 2026 annual meeting or June 11, 2026, subject to continued service.

Positive

• RSUs vested as scheduled, converting contingent awards into direct common stock ownership
• Each RSU represents one share, and the filing specifies grant and vesting schedule, providing transparency
• Large reported direct holdings (beneficial ownership in the low millions) indicate insider alignment with shareholders

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity vesting reported; no change in role or control evident.

The Form 4 documents scheduled vesting of RSUs for a company director, converting contingent awards into direct common stock ownership. This is a standard compensation event under the grant terms dated June 11, 2025, with vesting dates described and an acceleration clause tied to the 2026 stockholders meeting or June 11, 2026, subject to service. The reported post-transaction beneficial ownership figures are large in absolute terms, indicating meaningful insider alignment with shareholder outcomes, but the filing shows no sale, purchase for cash, or change in board or officer status.

Executive Compensation Analyst

TL;DR: Vesting schedule executed as planned; partial settlements converted RSUs to shares.

The disclosure confirms that RSUs granted June 11, 2025, vested in part on August 25, 2025, producing 524 and 1,875 settled shares in separate reported lines. Each RSU equals one share on settlement per the filing. The grant includes periodic vesting installments and a clause for earlier full vesting tied to a corporate event (2026 meeting or June 11, 2026) if service conditions are met. No cash consideration or derivative exercises were reported; these are non-cash compensation settlements typical for aligning management incentives.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MORRIS NIGEL W

(Last) (First) (Middle)

C/O REMITLY GLOBAL, INC.

401 UNION STREET, SUITE 1000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		M		524(1)	A	(2)	1,842,523	D
Common Stock	08/25/2025		M		1,875(1)	A	(2)	1,844,398	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (RSUs)	(2)	08/25/2025		M			524	(3)	(3)	Common Stock	524	$0	1,573	D
Restricted Stock Units (RSUs)	(2)	08/25/2025		M			1,875	(4)	(4)	Common Stock	1,875	$0	0	D

Explanation of Responses:

1. Reflects the vesting of RSUs.

2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.

3. The RSUs were granted on June 11, 2025, and will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the 2026 annual meeting of the Issuer's stockholders or (ii) June 11, 2026, subject to the reporting person's provision of service to the Issuer on each vesting date.

4. The RSUs vested as to 1/16 of the total shares underlying the RSUs on November 25, 2021 and then 1/16th of the total shares vest on each February 25, May 25, August 25 and November 25 thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.

Remarks:

	/s/ Jered Fahey as attorney-in-fact	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Nigel W. Morris report on Form 4 for RELY?

The Form 4 reports the vesting and settlement of RSUs on 08/25/2025, resulting in acquisitions of 524 and 1,875 shares.

How many shares in total vested for Nigel W. Morris on 08/25/2025?

The filing shows a total of 2,399 shares acquired upon RSU vesting (524 + 1,875).

When were the RSUs granted and what are the vesting conditions?

The RSUs were granted on June 11, 2025 and vest in scheduled installments (including August 25); full vesting may occur earlier at the 2026 annual meeting or on June 11, 2026, subject to continued service.

Do the RSUs convert to common stock on settlement?

Yes. The filing states that each RSU represents a contingent right to receive one share of the issuer's common stock upon settlement.

Did the Form 4 report any sales or cash purchases by the reporting person?

No. The Form 4 shows acquisitions via vesting of RSUs; there are no reported sales or cash purchases in this filing.