Le Moal Laurent 4

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.