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Remitly (RELY) director Bora Chung granted new RSU awards vesting through 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Chung Bora reported acquisition or exercise transactions in this Form 4 filing.

Remitly Global, Inc. director Bora Chung reported receiving two equity awards in the form of restricted stock units (RSUs) that settle into shares of Common Stock at no cash cost per share. The grants cover 30,556 RSUs and 3,452 RSUs, each RSU representing one share upon settlement.

The 30,556 RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 after the grant date, and will fully vest no later than the earlier of the next annual stockholder meeting or June 10, 2027, subject to continued service. The 3,452 RSUs vest in three equal annual installments beginning on the earlier of the next annual stockholder meeting or June 10, 2027, also subject to continued service. Following these awards, the filing shows direct ownership entries of 159,325 and 128,769 shares of Common Stock tied to the reported transactions.

Positive

  • None.

Negative

  • None.
Insider Chung Bora
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,452 $0.00 --
Grant/Award Common Stock 30,556 $0.00 --
Holdings After Transaction: Common Stock — 128,769 shares (Direct, null)
Footnotes (1)
  1. Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs 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 next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date. Represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in three equal annual installments beginning on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of service to the Issuer through the applicable date
RSU grant size 30,556 RSUs Equity award to Bora Chung, each RSU equals one share
Additional RSU grant 3,452 RSUs Separate equity award to Bora Chung, one share per RSU
Post-grant holdings entry 159,325 shares Common Stock directly owned following one reported transaction
Second holdings entry 128,769 shares Common Stock directly owned following the other transaction
Final vesting backstop date June 10, 2027 Latest date by which specified RSUs vest in full
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs). Each RSU 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 RSU represents a contingent right to receive one share of the Issuer's Common Stock"
vest financial
"The RSUs will vest in four equal installments on each August 25, November 25, February 25, and May 25"
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.
annual meeting of the Issuer's stockholders financial
"on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027"
provision of applicable service financial
"in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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 WASHINGTON 98101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026A3,452(1)A$0128,769D
Common Stock06/10/2026A30,556(2)A$0159,325D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs 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 next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date.
2. Represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in three equal annual installments beginning on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of service to the Issuer through the applicable date
Remarks:
/s/ Jeff Mason as attorney-in-fact06/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Remitly (RELY) director Bora Chung report?

Bora Chung reported receiving two equity awards in the form of restricted stock units. One grant covers 30,556 RSUs and the other 3,452 RSUs, each RSU representing a right to receive one share of Remitly’s Common Stock upon settlement, subject to vesting.

How do Bora Chung’s 30,556 Remitly (RELY) RSUs vest?

The 30,556 RSUs vest in four equal installments after the grant date. Vesting occurs on August 25, November 25, February 25, and May 25, and any unvested portion accelerates to full vesting by the earlier of the next annual stockholder meeting or June 10, 2027.

What is the vesting schedule for the additional 3,452 RSUs at Remitly (RELY)?

The 3,452 RSUs vest in three equal annual installments. Vesting begins on the earlier of the next annual stockholder meeting or June 10, 2027, and is conditioned on Bora Chung continuing to provide service to Remitly through each applicable vesting date.

Did Bora Chung pay cash for the Remitly (RELY) RSU grants?

No cash price per share is associated with these RSU grants. The Form 4 shows a transaction price of $0.0000 per share, indicating these awards are compensation-related grants rather than open-market purchases of Remitly Common Stock.

What does each Remitly (RELY) RSU granted to Bora Chung represent?

Each restricted stock unit represents a contingent right to receive one share of Remitly’s Common Stock. Delivery of shares occurs upon settlement after vesting conditions are met, including continued service through the specified vesting dates outlined in the award terms.