Chung Bora 4
4 · Remitly Global, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Chung Bora Receives RSU Shares
What Happened
Chung Bora, a director of Remitly Global, reported the exercise/conversion of a derivative on Feb 25, 2026 that resulted in the acquisition of 655 shares and a matching disposition of 655 shares at $0.00. The filing and footnotes indicate this activity reflects the vesting and settlement of restricted stock units (RSUs), not an open-market purchase or a sale for cash.
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026.
- Transaction type/code: M — exercise or conversion of a derivative (reflects RSU vesting).
- Shares acquired: 655; Shares disposed: 655 at $0.00 (no cash proceeds reported).
- Shares owned after transaction: Form footnotes report 121,423 shares of common stock beneficially owned; the filing also references previously reported unvested RSUs (15,894) and 655 unvested RSUs remaining under this award.
- Notable footnotes: F1–F5 explain these were RSUs granted June 11, 2025, vesting in scheduled installments and that each RSU converts to one share on settlement.
- Filing timeliness: Filed two days after the transaction date; appears within the typical Form 4 reporting window.
Context
RSUs are awards that convert to actual shares when they vest. The M code and $0.00 disposition typically indicate administrative settlement mechanics (conversion/settlement of the RSU) rather than a market sale or purchase. This transaction is routine compensation-related equity vesting by a director and does not, by itself, indicate a buy or sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-02-25+655→ 137,317 total - Exercise/Conversion
Restricted Stock Units (RSUs)
[F2][F4][F5]2026-02-25−655→ 0 total→ Common Stock (655 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 15,894 unvested RSUs previously reported in Table II and 121,423 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 655 unvested RSUs remaining under this RSU award previously reported in Table II.