RSU vesting adds 595 Remitly (NASDAQ: RELY) shares for director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Remitly Global, Inc. director Ryno Blignaut reported the vesting and settlement of 595 Restricted Stock Units (RSUs) into 595 shares of common stock on February 25, 2026, at a price of $0.00 per share. After this conversion, his direct holdings total 68,950 shares, which the footnotes explain include both unvested RSUs and already owned common stock from prior awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
595 shares exercised/converted
Mixed
2 txns
Insider
Blignaut Ryno
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSUs) | 595 | $0.00 | -- |
| Exercise | Common Stock | 595 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (RSUs) — 0 shares (Direct);
Common Stock — 68,950 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 35,779 unvested RSUs previously reported in Table II and 33,171 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 596 unvested RSUs remaining under this RSU award previously reported in Table II.
FAQ
What insider transaction did Remitly (RELY) director Ryno Blignaut report?
Ryno Blignaut reported the vesting and settlement of 595 Restricted Stock Units into 595 shares of Remitly common stock. The transaction occurred on February 25, 2026, and reflects an exercise or conversion of a derivative security rather than an open-market stock purchase.
Was Ryno Blignaut’s Remitly (RELY) transaction a stock purchase or sale?
The transaction was not a market purchase or sale; it was an exercise or conversion of RSUs into common stock. The Form 4 uses transaction code M, indicating a derivative security conversion, with no buy or sell codes and a price of $0.00 per share.
What does the 595 RSU vesting mean for Remitly (RELY) director ownership?
The vesting of 595 RSUs increased Ryno Blignaut’s directly held common shares by 595. According to the filing, each RSU represents a contingent right to receive one share, so vesting converts these units into freely held Remitly common stock under his direct ownership.
What are the key terms of the RSU award reported for Remitly (RELY)?
The RSUs were granted on June 11, 2025, and vest in four equal installments on August 25, November 25, February 25, and May 25 following the grant date, or fully by June 11, 2026, subject to continued service with Remitly on each vesting date.
How many unvested RSUs remain for Ryno Blignaut at Remitly (RELY)?
A footnote states that the total shown in Table I includes 596 unvested RSUs remaining under this RSU award, previously reported in Table II. These unvested units represent additional potential future shares, contingent on meeting the vesting and service conditions described.