Smyth Margaret Mary 4

What Happened

• Margaret Mary Smyth, a director of Remitly Global, had 714 restricted stock units (RSUs) vest and convert into 714 shares on February 25, 2026 (reported on Form 4 filed Feb 27, 2026). The filing shows an acquired entry for 714 shares (conversion of derivative) and a simultaneous disposed entry for 714 shares at $0.00. The footnotes state this transaction reflects RSU vesting; no cash proceeds are reported.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely).
• Acquired: 714 shares via conversion of RSUs (derivative); Acquisition price: N/A.
• Disposed: 714 shares at $0.00 (reported as a derivative disposition).
• Shares reported after transaction: Table I totals (per footnotes) include 54,306 shares of common stock and previously reported unvested RSUs (see footnotes F3 and F5 for counts).
• Footnotes: F1–F2 confirm these were RSUs converting to common stock; F4 describes the original RSU grant date and vesting schedule (granted 6/11/2025, scheduled to vest in installments); F5 notes 715 unvested RSUs remain under this award.
• No 10b5-1 plan or late-filing indication noted in the filing.

Context

• This was an RSU vesting/conversion event (derivative conversion), not an open‑market purchase or sale for cash. The reported $0.00 disposition typically indicates shares were surrendered or withheld at no cash consideration (commonly done to satisfy tax withholding or net-settlement obligations); the filing’s footnotes confirm vesting but do not explicitly detail withholding mechanics. For retail investors: RSU vesting is a routine compensation event and does not necessarily signal the director’s sentiment about the stock.