Gunningham Sebastian J 4

What Happened
Sebastian J. Gunningham, Chief Executive Officer of Remitly Global, Inc. (RELY), was granted 787,500 restricted stock units (RSUs) and a performance stock unit (PSU) award with a maximum of 1,462,500 shares on February 19, 2026. Both grants were reported as acquisitions at $0.00 per share (awards), so there was no cash purchase or sale in this filing.

Key Details

• Transaction date: February 19, 2026; filing date: February 23, 2026 (filed timely).
• RSUs: 787,500 units granted, $0.00 per share. Vesting: 1/16 of total on May 25, 2026, then 1/16 quarterly thereafter, subject to continued service (Footnote F1).
• PSUs (derivative): up to 1,462,500 units granted, $0.00 per share. Vesting depends on both time-based service (annual installments over 4 years; fully satisfied Feb 19, 2030) and stock-price performance measured in five intervals; maximum payout requires a $50.00 per-share threshold based on a 120-day average before Feb 19, 2031 (Footnote F2).
• Shares owned after the transaction: not specified in the Form 4 provided.
• Transaction codes: A = Award/Grant; PSUs are derivative awards tied to performance.

Context

• These awards are compensatory grants, not open-market purchases or sales; they do not represent an immediate cash investment by the insider.
• RSUs and PSUs align compensation with continued service and stock performance; PSUs only convert to shares if performance and service conditions are met.
• For retail investors, grants signal management compensation decisions but do not by themselves indicate buying or selling sentiment.