Remitly (NASDAQ: RELY) director gains 6,585 shares as RSU grant fully vests
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Phyllis J. Campbell exercised restricted stock units into common shares as part of routine vesting. On April 6, 2026, 6,585 RSUs vested and were converted into 6,585 shares of common stock at an exercise price of $0 per share.
Following the transaction, she directly holds 74,758 shares in total. Footnotes state this total includes 46,160 shares of common stock and 28,598 unvested RSUs granted earlier, with these RSUs originally granted on April 6, 2023 and fully vesting on April 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,585 shares exercised/converted
Mixed
2 txns
Insider
CAMPBELL PHYLLIS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 6,585 | $0.00 | -- |
| Exercise | Common Stock | 6,585 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct);
Common Stock — 74,758 shares (Direct)
Footnotes (1)
- Reflects the vesting of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. The reporting person has reported prior awards of RSUs in Table II. The total reported in Table I, Column 5, includes 28,598 unvested RSUs previously reported in Table II and 46,160 shares of common stock. The RSUs were granted on April 6, 2023, and fully vested on April 6, 2026.
Key Figures
RSUs vested and exercised: 6,585 units/shares
Exercise price: $0.00 per share
Total shares after transaction: 74,758 shares
+4 more
7 metrics
RSUs vested and exercised
6,585 units/shares
RSUs vested and converted to common stock on April 6, 2026
Exercise price
$0.00 per share
Conversion of RSUs into common stock
Total shares after transaction
74,758 shares
Direct holdings following RSU vesting
Unvested RSUs included in total
28,598 RSUs
Unvested RSUs counted in Table I, Column 5
Common stock portion of holdings
46,160 shares
Common shares included in total reported holdings
RSU grant date
April 6, 2023
Grant date of RSUs that fully vested later
RSU full vest date
April 6, 2026
Date when the reported RSUs fully vested
Key Terms
Restricted Stock Units (RSUs), contingent right, unvested RSUs, Table I, Column 5, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Reflects the vesting of restricted stock units (RSUs)."
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 RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
unvested RSUs financial
"includes 28,598 unvested RSUs previously reported in Table II and 46,160 shares of common stock."
Table I, Column 5 regulatory
"The total reported in Table I, Column 5, includes 28,598 unvested RSUs previously reported in Table II"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Remitly (RELY) director Phyllis Campbell report?
Director Phyllis J. Campbell reported the vesting and exercise of 6,585 restricted stock units into 6,585 shares of Remitly common stock. The RSUs converted at an exercise price of $0 per share as part of a scheduled equity award vesting.
What does the 6,585 RSU vesting mean for Remitly (RELY) director compensation?
The 6,585 RSU vesting represents equity compensation becoming fully earned and settled in common shares for director Phyllis J. Campbell. Each RSU represented a contingent right to receive one share of Remitly common stock upon settlement at no cash exercise price.
When were the vested Remitly (RELY) RSUs originally granted to Phyllis Campbell?
The RSUs that vested into 6,585 shares on April 6, 2026 were originally granted on April 6, 2023. Footnotes specify that this award fully vested on April 6, 2026, consistent with a three-year vesting schedule for the restricted stock units.
Is Phyllis Campbell’s Remitly (RELY) Form 4 a stock sale or purchase?
The Form 4 reflects an exercise or conversion of derivative securities, not an open-market stock sale or purchase. The 6,585 RSUs vested and converted into common shares at $0 per share, so it is recorded as an acquisition through derivative exercise rather than a market trade.