Remitly director receives 3,819 RSUs equity grant
Blignaut Ryno reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Blignaut Ryno reported acquisition or exercise transactions in this Form 4 filing.
Remitly Global, Inc. director Ryno Blignaut received an equity grant of 3,819 restricted stock units (RSUs), each representing one share of common stock upon settlement. The RSUs vest in four equal installments on the first August 25, November 25, February 25, and May 25 dates after the grant. Any unvested RSUs will then vest in full on the earlier of the next annual stockholder meeting date or June 10, 2027, as long as he continues to provide service to the company. Following this grant, he directly holds 68,269 shares of common stock.
Insider Trade Summary
Grant/Award: 3,819 shares
Grant/Award
1 txn
Insider
Blignaut Ryno
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,819 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 68,269 shares (Direct)
Footnotes (1)
- 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.
Key Figures
RSU grant size: 3,819 RSUs
Post-transaction holdings: 68,269 shares
RSU share ratio: 1 share per RSU
+1 more
4 metrics
RSU grant size
3,819 RSUs
Director equity award on June 10, 2026
Post-transaction holdings
68,269 shares
Common stock held directly after grant
RSU share ratio
1 share per RSU
Each RSU settles into one common share
Final vesting outside date
June 10, 2027
Latest possible full vesting date for remaining RSUs
Key Terms
restricted stock units (RSUs), vest, annual meeting, contingent right
4 terms
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share"
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.
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 financial
"shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Remitly (RELY) report for Ryno Blignaut?
Remitly reported that director Ryno Blignaut received a grant of 3,819 restricted stock units (RSUs). Each RSU represents the right to receive one share of Remitly common stock upon settlement, reflecting routine equity-based director compensation.
How do Ryno Blignaut’s new RSUs at Remitly (RELY) vest?
The 3,819 RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 following the grant date. Any remaining unvested RSUs vest fully by the earlier of the next annual stockholder meeting or June 10, 2027, subject to continued service.
What does each RSU granted to Ryno Blignaut by Remitly (RELY) represent?
Each RSU represents a contingent right to receive one share of Remitly Global, Inc. common stock upon settlement. The shares are only delivered as the RSUs vest and service conditions are satisfied, making this non-cash, stock-based compensation.
What are Ryno Blignaut’s Remitly (RELY) holdings after this Form 4 transaction?
After this grant, Ryno Blignaut directly holds 68,269 shares of Remitly common stock. This figure includes the effect of the 3,819 RSUs awarded in the reported transaction, as disclosed in the Form 4 filing.
Are Ryno Blignaut’s new Remitly (RELY) RSUs subject to service conditions?
Yes. The RSUs vest only if Ryno Blignaut continues providing applicable service to Remitly through each vesting date. If still unvested, they fully vest by the earlier of the next annual meeting or June 10, 2027, conditional on continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
