Remitly (NASDAQ: RELY) CEO granted 787,500 RSUs and up to 1.46M PSUs

Rhea-AI Filing Summary

Gunningham Sebastian J reported acquisition or exercise transactions in this Form 4 filing.

Remitly Global, Inc. CEO Sebastian J. Gunningham reported equity awards consisting of 787,500 restricted stock units and up to 1,462,500 performance stock units. The RSUs vest over four years, beginning May 25, 2026. The PSUs vest over time and only if specified stock price hurdles, culminating at $50.00 per share before February 19, 2031, are achieved.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gunningham Sebastian J

(Last) (First) (Middle)

C/O REMITLY GLOBAL, INC.

401 UNION STREET, SUITE 1000

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		A		787,500(1)	A	$0	787,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units (PSUs)	(2)	02/19/2026		A		1,462,500		(2)	02/19/2031(2)	Common Stock	1,462,500	$0	1,462,500	D

Explanation of Responses:

1. 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 vest as to 1/16 of the total shares underlying the RSUs on May 25, 2026, and then 1/16 of the total shares vest quarterly thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.

2. Represents the maximum number of shares that may be earned under a grant of performance stock units (PSUs). The PSUs vest based upon achievement of both (i) a time-based service requirement and (ii) certain stock price thresholds. The time-based service requirement is satisfied in annual installments over four years after the grant date and is fully satisfied on February 19, 2030. The stock price performance requirement is satisfied in five intervals and is fully satisfied if the Issuer's stock price reaches $50.00 per share (measured as a 120-day average closing price) prior to February 19, 2031.

	/s/ Jeff Mason as Attorney-in-Fact	02/23/2026
	** Signature of Reporting Person	Date
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FAQ

What equity awards did Remitly (RELY) grant to its CEO?

Remitly granted CEO Sebastian J. Gunningham 787,500 restricted stock units and a maximum of 1,462,500 performance stock units. Each RSU and PSU represents the right to receive one share of common stock if the vesting and, for PSUs, performance conditions are met.

How do the RSUs granted to the Remitly (RELY) CEO vest?

The 787,500 RSUs vest over four years. One-sixteenth of the total vests on May 25, 2026, with the remaining RSUs vesting in equal quarterly installments, contingent on the CEO continuing to provide service on each vesting date.

What conditions apply to the Remitly (RELY) CEO’s performance stock units?

The 1,462,500 PSUs represent a maximum earnable amount. They require both time-based service through February 19, 2030 and achievement of stock price thresholds in five intervals, fully satisfied if the 120-day average stock price reaches $50.00 before February 19, 2031.

When is the time-based requirement for the Remitly (RELY) PSUs fully satisfied?

The time-based service requirement for the CEO’s performance stock units is met in annual installments over four years following the February 19, 2026 grant date and is fully satisfied on February 19, 2030, assuming continued service throughout that period.

What stock price level is needed for the Remitly (RELY) PSUs to fully vest?

Full satisfaction of the stock price requirement for the CEO’s PSUs occurs if Remitly’s common stock reaches a 120-day average closing price of $50.00 per share any time before February 19, 2031, in addition to meeting the time-based service condition.