Remitly (RELY) Form 4: 655 RSUs vested for director Chung Bora; 1,966 RSUs remain

Rhea-AI Filing Summary

Chung Bora, a director of Remitly Global, Inc. (RELY), reported the vesting and acquisition of restricted stock units on 08/25/2025. The filing shows 655 RSUs vested and were treated as an acquisition, and the reporting person now directly beneficially owns 120,112 shares of common stock. The report also shows 1,966 RSUs remaining beneficially owned following the transaction; the RSUs were granted on June 11, 2025 and vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date, or earlier upon specified conditions. The transaction is reported on a standalone Form 4 filed by one reporting person.

Positive

• 655 RSUs vested and were reported as acquired on 08/25/2025, increasing direct holdings.
• Post-transaction direct ownership of 120,112 shares is disclosed, showing continued insider stake.
• Grant and vesting schedule disclosed (granted June 11, 2025; vesting dates and acceleration condition provided).

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 655 vested RSUs, increasing direct shareholdings to 120,112; remaining 1,966 RSUs subject to scheduled vesting.

The Form 4 documents a routine equity vesting event rather than a market sale or purchase at cash cost. The immediate effect is a reporting increase of 655 shares acquired by the director and a disclosed post-transaction direct ownership of 120,112 shares. The filing also shows 1,966 RSUs still outstanding for the reporting person, with clear vesting milestones tied to specified quarterly dates and an acceleration provision tied to the 2026 annual meeting or June 11, 2026. For investors, this is a transparency item on insider compensation and ownership concentration but does not by itself signal a material change to capitalization or control.

Corporate Governance Expert

TL;DR: Standard disclosures of director equity compensation and vesting schedule; no departures, sales, or unusual transactions reported.

The filing appropriately discloses the vesting mechanics of RSUs awarded on June 11, 2025 and the vesting installment that occurred on 08/25/2025. The report is signed by an attorney-in-fact and filed individually by the reporting person. The vesting schedule and acceleration clause are explicitly stated, which supports governance transparency around executive/director pay and alignment with shareholder interests. There are no governance red flags or indications of atypical insider activity in this Form 4.

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

OMB APPROVAL

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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^*

Chung Bora

(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		655(1)	A	(2)	120,112	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			655	(3)	(3)	Common Stock	655	$0	1,966	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.

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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Remitly director Chung Bora report on Form 4 (RELY)?

The Form 4 reports the vesting and acquisition of 655 RSUs on 08/25/2025, and shows direct ownership of 120,112 common shares following the transaction.

How many RSUs remain outstanding for Chung Bora after the 08/25/2025 vesting?

The filing shows 1,966 RSUs beneficially owned following the reported transaction.

When were the RSUs granted and what is the vesting schedule?

The RSUs were granted on June 11, 2025 and vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date, with full vesting earlier upon specified conditions.

Was the Form 4 filed individually or jointly?

The Form 4 was filed by one reporting person (individual filing).

Was there any cash price paid for the RSU settlement?

The Form 4 shows the RSUs have an associated price of $0 and represent contingent rights to receive common stock upon settlement.