RSU vesting lifts Remitly (RELY) director stake to 58,652
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Laurent Le Moal acquired 566 shares of common stock on conversion of 566 restricted stock units (RSUs) at a price of $0.00 per share. This reflects a scheduled RSU vesting, not an open-market purchase. Each RSU represents a right to receive one share of Remitly common stock upon settlement. Following this vesting, Le Moal directly holds 58,652 shares reported in Table I, consisting of 42,847 shares of common stock and 15,805 unvested RSUs, including 566 unvested RSUs remaining under this specific June 11, 2025 RSU grant, which vests in installments through the earlier of the 2026 annual meeting or June 11, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
566 shares exercised/converted
Mixed
2 txns
Insider
Le Moal Laurent
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 566 | $0.00 | -- |
| Exercise | Common Stock | 566 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct);
Common Stock — 58,652 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 15,805 unvested RSUs previously reported in Table II and 42,847 shares of common stock. 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. The total reported in Table I, Column 5, includes 566 unvested RSUs remaining under this RSU award previously reported in Table II.
FAQ
What insider transaction did Remitly (RELY) director Laurent Le Moal report?
Laurent Le Moal reported acquiring 566 shares of Remitly common stock through the vesting and conversion of 566 restricted stock units. The RSUs settled at $0.00 per share, reflecting equity compensation rather than an open-market stock purchase or sale.
Was the Remitly (RELY) insider transaction a market buy or sell?
The transaction was neither a market buy nor a sale. It reflects the vesting and conversion of restricted stock units into 566 shares of common stock at $0.00, consistent with the terms of Remitly’s equity compensation program for the director.
What are the key terms of the June 11, 2025 RSU grant at Remitly (RELY)?
The RSUs granted June 11, 2025 vest in four equal installments on each August 25, November 25, February 25, and May 25 after the grant, and fully vest by the earlier of the 2026 annual meeting or June 11, 2026, subject to continued service.
What does each Remitly (RELY) restricted stock unit represent for Laurent Le Moal?
Each restricted stock unit represents a contingent right to receive one share of Remitly common stock upon settlement. When RSUs vest, they convert into an equivalent number of common shares, as occurred with the 566 RSUs in this reported transaction.