CAMPBELL PHYLLIS J 4

What Happened

• Phyllis J. Campbell, a Remitly Global (RELY) director, had restricted stock units (RSUs) convert into 6,585 shares on April 6, 2026 (reported as derivative conversion, code M). The filing shows an identical 6,585-share disposition at $0.00. No cash proceeds were reported. This was not an open-market buy or sell—instead it reflects RSU settlement/conversion and simultaneous withholding or retention of the same number of shares.

Key Details

• Transaction date: 2026-04-06 (reported on Form 4 filed 2026-04-13).
• Reported transactions: 6,585 shares acquired on conversion (M); 6,585 shares disposed at $0.00 (M).
• Price/value: Acquisition listed as N/A; disposition listed at $0.00 — no sale proceeds reported.
• Shares owned after transaction (per filing footnote): Table I total includes 46,160 shares of common stock and 28,598 previously reported unvested RSUs.
• Footnotes: F1–F2 note these were RSUs (each RSU = one share); F3 explains totals reported; F4 states the RSUs were granted Apr 6, 2023 and fully vested Apr 6, 2026.
• Timeliness: The Form 4 was filed seven days after the transaction date (Apr 13 vs Apr 6), later than the typical 2-business-day SEC reporting window.

Context

• Code M indicates exercise or conversion of a derivative. Here the action reflects RSU vesting and conversion to shares, with an equal number of shares surrendered or withheld (disposed at $0), which is commonly done to satisfy tax withholding or settlement obligations rather than to realize cash proceeds. This is administrative/compensation-related activity, not an open-market trade signaling a buy or sell decision.