Remitly director granted RSU awards
Chung Bora reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,452 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 30,556 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
Key Figures
Key Terms
restricted stock units (RSUs) financial
contingent right financial
vest financial
annual meeting of the Issuer's stockholders financial
provision of applicable service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Remitly (RELY) director Bora Chung report?
How do Bora Chung’s 30,556 Remitly (RELY) RSUs vest?
What is the vesting schedule for the additional 3,452 RSUs at Remitly (RELY)?
Did Bora Chung pay cash for the Remitly (RELY) RSU grants?
What does each Remitly (RELY) RSU granted to Bora Chung represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.