Remitly (RELY) Director Reports RSU Vesting Increasing Ownership to 3.7M

Rhea-AI Filing Summary

Joshua Hug, a director of Remitly Global, Inc. (RELY), reported transactions on 08/25/2025 reflecting the vesting and settlement of restricted stock units (RSUs). The filing shows 3,695,065 shares held directly after two RSU settlements (477 and 40,777 shares reported as acquisitions) and 300,000 shares held indirectly through a family trust. The RSUs were granted June 11, 2025, and vest in quarterly installments with specified acceleration provisions; each RSU converts to one share on settlement. No open-market purchases or sales are reported; the changes arise from compensation-related vesting.

Positive

• Increased direct ownership to 3,695,065 shares due to RSU settlements on 08/25/2025
• Clear disclosure of RSU grant date (June 11, 2025) and detailed vesting schedule, improving transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received RSU vesting increasing direct holdings to 3.7M shares; transaction is compensation-driven and routine.

The Form 4 documents routine equity compensation vesting rather than open-market trading or transfers. The reporting person increased direct beneficial ownership to 3,695,065 shares and retains an indirect interest in 300,000 shares via a family trust. The filing discloses the RSU grant date and vesting cadence, clarifying that the reported share increases result from scheduled settlements. For investors, this is an informational disclosure of insider holdings rather than a signal of a purchase or sale activity.

Corporate Governance Expert

TL;DR: Insider disclosure documents scheduled RSU vesting and trust-held shares; governance implications are routine and non-material.

The report identifies the reporting person as a director and confirms that a portion of shares is held indirectly in a family trust with the spouse as trustee. The RSU vesting schedule includes quarterly installments and potential acceleration tied to the 2026 annual meeting or a specified date, indicating standard executive compensation mechanics. There are no reported sales, exercises for cash, or transfers that would raise governance or liquidity concerns in this filing.

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

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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^*

Hug Joshua

(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
	Officer (give title below)		Other (specify below)

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		477(1)	A	(2)	3,654,288	D
Common Stock	08/25/2025		M		40,777(1)	A	(2)	3,695,065	D
Common Stock								300,000	I	By Trust(3)

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			477	(4)	(4)	Common Stock	477	$0	1,429	D
Restricted Stock Units (RSUs)	(2)	08/25/2025		M			40,777	(5)	(5)	Common Stock	40,777	$0	81,553	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 securities are held by a family trust, of which the reporting person's spouse is the trustee.

4. 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 RSUs vested as to 1/4 of the total shares underlying the RSUs on May 25, 2025, and then 1/4 of the total shares vest quarterly, 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 did Joshua Hug report on Form 4 for RELY?

The Form 4 reports RSU vesting and settlement on 08/25/2025, increasing direct holdings to 3,695,065 shares and showing 300,000 shares held indirectly by a family trust.

How many shares does Joshua Hug beneficially own after the reported transactions?

After the reported transactions, he beneficially owns 3,695,065 shares directly and 300,000 indirectly through a family trust.

What caused the change in ownership reported on the Form 4?

The changes resulted from the vesting and settlement of RSUs granted on June 11, 2025, not from market purchases or sales.

What is the RSU vesting schedule disclosed in the filing?

The RSUs vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant, with full vesting accelerated on specified conditions prior to June 11, 2026.

Are there any sales or open-market transactions reported by the director?

No. The Form 4 shows acquisitions via RSU vesting and no reported dispositions or open-market sales on 08/25/2025.