Remitly officer reports RSU vesting, tax disposition
Remitly Global, Inc. executive Ankur Sinha, Chief Product and Tech Officer, reported equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Remitly Global, Inc. executive Ankur Sinha, Chief Product and Tech Officer, reported equity compensation activity involving restricted stock units. On February 25, 2026, 66,581 RSUs vested and were converted into the same number of common shares at a stated price of $0.00 per share.
On the same date, 17,872 common shares were disposed of at $16.19 per share to cover tax obligations associated with the equity award, a tax-withholding disposition rather than an open-market sale. The vesting follows a schedule where one quarter of the RSUs vested on February 25, 2023, with one sixteenth vesting quarterly thereafter, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 66,581 | $0.00 | $0.00 |
| Exercise | Common Stock | 66,581 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,872 | $16.19 | $289K |
Footnotes (4)
- F1. Reflects the vesting of restricted stock units (RSUs).
- F2. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F3. The reporting person has reported prior awards of RSUs in Table II. The total reported in Table I, Column 5, includes 691,996 unvested RSUs previously reported in Table II and 497,864 shares of common stock.
- F4. The RSUs vested as to 1/4 of the total shares underlying the RSUs on February 25, 2023, and then 1/16 of the total shares vest quarterly thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.
FAQ
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What did Remitly (RELY) executive Ankur Sinha report in this Form 4?
How many Remitly (RELY) RSUs vested for Ankur Sinha and when?
How do Ankur Sinha’s Remitly (RELY) RSUs convert into common stock?
What is the vesting schedule of Ankur Sinha’s Remitly (RELY) RSUs?
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