Remitly CEO Sebastian Gunningham Withholds 22,851 Shares for Taxes

What Happened

• Sebastian J. Gunningham, CEO of Remitly Global, had 22,851 shares disposed (withheld) on May 26, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The withholding was at $21.58 per share, for a total value of $493,125. This is a routine tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-26
• Price per share: $21.58
• Shares withheld/disposed: 22,851
• Total value: $493,125
• Transaction code/footnote: F (F1 — shares withheld to satisfy tax withholding for RSU vesting)
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Filing date: 2026-05-27 (filed the next day; appears timely)

Context

• This was a tax-withholding event on vested RSUs (a form of “cashless” disposition where shares are retained/cancelled to cover taxes). Such withholdings are routine and generally do not signal an insider's view on the company’s prospects the way open-market purchases or larger discretionary sales might.