Le Moal Laurent 4
4 · Remitly Global, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Laurent Le Moal Receives 566 Shares from RSU Vesting
What Happened
Laurent Le Moal, a director of Remitly Global, reported the vesting/conversion of 566 restricted stock units (RSUs) into 566 shares on February 25, 2026 (transaction code M). The Form 4 records both the acquisition via conversion and a simultaneous disposition of the same 566 shares at $0.00, so no cash proceeds were reported.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely filing).
- Reported transactions: Exercise/conversion of derivative (M) — 566 shares acquired; same 566 shares disposed at $0.00.
- Shares/RSUs reported after the transaction: filing indicates beneficial ownership includes 42,847 shares of common stock and 15,805 unvested RSUs (per filing footnotes).
- Footnotes: the entries reflect RSU vesting. Each RSU is a contingent right to one share; the RSUs were granted June 11, 2025 and vest in four equal installments (Aug 25, Nov 25, Feb 25, May 25), with earlier full vesting conditioned as noted in the filing. The filing also notes prior RSU awards and that 566 RSUs were part of the award schedule.
- Transaction code meaning: M = exercise or conversion of a derivative security (here, RSU settlement).
Context
This appears to be a routine RSU vesting/settlement by a director rather than an open-market sale. A reported disposition at $0.00 commonly indicates net settlement or shares withheld to satisfy tax withholding rather than a market sale that would generate cash proceeds. Such automatic withholding/settlement events are administrative and do not necessarily signal the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-02-25+566→ 58,652 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F2][F4][F5]2026-02-25−566→ 0 total→ Common Stock (566 underlying)
Footnotes (5)
- [F1]Reflects the vesting of restricted stock units (RSUs).
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F3]The reporting person has reported prior awards of RSUs in Table II. The total reported in Table I, Column 5, includes 15,805 unvested RSUs previously reported in Table II and 42,847 shares of common stock.
- [F4]The RSUs were granted on June 11, 2025, and will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the 2026 annual meeting of the Issuer's stockholders or (ii) June 11, 2026, subject to the reporting person's provision of service to the Issuer on each vesting date.
- [F5]The total reported in Table I, Column 5, includes 566 unvested RSUs remaining under this RSU award previously reported in Table II.