Chung Bora 4

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.