Remitly (RELY) Form 4: Large RSU Vesting and Partial Insider Sale

Rhea-AI Filing Summary

Remitly Global, Inc. (RELY) Form 4 shows Chief Financial Officer Vikas D. Mehta reported changes in his beneficial ownership on 08/25/2025. A grant of 131,250 RSUs vested (coded M), each representing one share on settlement, increasing his direct beneficial ownership by 131,250 shares to 743,750 shares following the transaction. On the same date he disposed of 50,440 shares at a price of $19.05, leaving 80,810 shares held after that sale. The RSUs vesting schedule is disclosed: 15% vested on 08/25/2025, then 3.75% on each of the next four quarterly dates, and 8.75% on each of the subsequent eight quarterly dates, subject to continued service.

Positive

• 131,250 RSUs vested, increasing direct beneficial ownership to 743,750 shares
• Vesting schedule disclosed, providing transparency on retention incentives tied to continued service
• Filing identifies role (Chief Financial Officer) and includes attorney-in-fact signature, supporting compliance

Negative

• Sale of 50,440 shares at $19.05 reduced immediate holdings to 80,810 shares for that position
• Partial disposition on the same date as vesting may be viewed as reducing the economic stake realized from the RSUs

Insights

Financial Analyst

TL;DR: Insider received a sizeable RSU vesting while executing a partial sale, modestly changing equity exposure.

The 131,250 vested RSUs materially increased the CFO's direct holdings to 743,750 shares, reinforcing executive alignment with shareholders. The contemporaneous sale of 50,440 shares at $19.05 reduced a portion of existing holdings but represents a small fraction of the post-transaction position. The disclosed staggered vesting schedule creates multi-quarter retention incentives tied to continued service.

Corporate Governance / Compliance Analyst

TL;DR: Form 4 properly discloses vesting and sale; timing and attorney-in-fact signature appear compliant.

The filing identifies the reporting person, relationship (CFO), transaction dates, quantities, price for the sale, and an attorney-in-fact signature dated 08/27/2025. The clear description of the RSU settlement mechanics and vesting schedule supports transparency for investors and compliance with Section 16 reporting obligations.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Mehta Vikas D

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		131,250(1)	A	(2)	131,250	D
Common Stock	08/25/2025		F		50,440	D	$19.05	80,810	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
Restricted Stock Units (RSUs)	(2)	08/25/2025		M			131,250	(3)	(3)	Common Stock	131,250	$0	743,750	D

Explanation of Responses:

1. Reflects the vesting of RSUs.

2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.

3. The RSUs vested as to 15% of the total shares underlying the RSUs on August 25, 2025 and then 3.75% of the total shares vest on each of the four quarterly vesting dates thereafter, and then 8.75% of the total shares vest on each of the eight quarterly vesting dates thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.

Remarks:

	/s/ Jered Fahey as attorney-in-fact	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did RELY CFO Vikas Mehta report on 08/25/2025?

He reported the vesting of 131,250 RSUs (each convertible to one share) and the sale of 50,440 shares at $19.05.

How many shares does Vikas Mehta beneficially own after these transactions?

The Form 4 reports 743,750 shares beneficially owned following the RSU vesting.

What portion of the RSUs vested immediately on 08/25/2025?

The filing states 15% of the total RSUs vested on 08/25/2025, with additional quarterly vesting thereafter as specified.

At what price were shares sold and how many remained from that lot?

He sold 50,440 shares at $19.05, and the filing shows 80,810 shares remaining from that position after the sale.

Who signed the Form 4 filing?

The filing was signed /s/ Jered Fahey as attorney-in-fact on 08/27/2025.