Remitly (RELY) director gains 524 shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Nigel W. Morris reported the vesting and settlement of restricted stock units. On February 25, 2026, 524 RSUs vested and were converted into 524 shares of common stock at no cash exercise price. These RSUs were part of an award granted on June 11, 2025 that vests in four equal installments on each August 25, November 25, February 25, and May 25 after the grant date, or earlier upon specified company events, subject to continued service. After this conversion, Morris held 1,861,210 shares of common stock and 524 unvested RSUs from this particular award, alongside 15,763 unvested RSUs from prior awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
524 shares exercised/converted
Mixed
2 txns
Insider
MORRIS NIGEL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 524 | $0.00 | -- |
| Exercise | Common Stock | 524 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct);
Common Stock — 1,861,210 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 15,763 unvested RSUs previously reported in Table II and 1,845,447 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. 5. The total reported in Table I, Column 5, includes 524 unvested RSUs remaining under this RSU award previously reported in Table II.
FAQ
What insider transaction did Remitly (RELY) director Nigel W. Morris report?
Nigel W. Morris reported the vesting of 524 restricted stock units, which were converted into 524 shares of Remitly common stock at no cash exercise price. This reflects a scheduled equity award settlement rather than an open-market stock purchase or sale.
What are the vesting terms of Nigel W. Morris’s June 11, 2025 RSU grant at Remitly (RELY)?
The RSUs granted on June 11, 2025 vest in four equal installments on each August 25, November 25, February 25, and May 25 after the grant date, or fully vest earlier upon specified 2026 company events, subject to Morris continuing to provide service.
Does the Remitly (RELY) Form 4 show an insider stock purchase or sale?
The Form 4 reflects an exercise or conversion of derivative securities, not an open-market purchase or sale. 524 RSUs vested and were settled into 524 shares of common stock at a price of $0.00 per share, as part of an existing equity award.
How many unvested RSUs does Nigel W. Morris still have at Remitly (RELY)?
After the reported vesting, the total in the ownership column includes 15,763 unvested RSUs from prior awards and 524 unvested RSUs remaining under the June 11, 2025 RSU grant. These unvested RSUs are scheduled to vest over time, subject to continued service.