MORRIS NIGEL W 4

What Happened

• Nigel W. Morris, a director of Remitly Global, had 524 restricted stock units (RSUs) vest on February 25, 2026. The Form 4 reports 524 shares as acquired via exercise/conversion of a derivative (code M) and 524 shares as disposed at $0.00. Footnotes identify these items as the vesting and settlement of RSUs (each RSU converts into one share upon settlement).

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
• Shares involved: 524 RSUs vested → 524 shares acquired; 524 shares reported disposed at $0.00.
• Price/value: Disposed at $0.00 on the filing (no cash sale proceeds reported).
• Holdings after transaction: the filing lists beneficial ownership including 1,845,447 shares of common stock and remaining unvested RSUs per footnotes (the filing’s Table I/II totals reflect prior RSU awards and remaining unvested units).
• Footnotes: confirm these were RSU grants (granted June 11, 2025) with scheduled vesting dates; the $0.00 disposition is consistent with shares withheld or surrendered on settlement (commonly to satisfy tax withholding), per standard practice.

Context

• This is an award/vesting event, not an open-market purchase or sale; such vesting is routine compensation for directors/employees and does not by itself signal a trading view. The “M” derivative code here reflects conversion of the RSUs into shares upon vesting; the zero-dollar disposition typically indicates shares were withheld or surrendered for taxes or other withholding obligations.