Blignaut Ryno 4

What Happened
Ryno Blignaut, a director of Remitly Global, had 595 restricted stock units (RSUs vest) convert into 595 shares on February 25, 2026 (reported on Form 4 filed Feb 27, 2026). The filing shows an acquisition through exercise/conversion of a derivative (code M) for 595 shares and a simultaneous disposition of 595 shares at $0. No cash proceeds are reported for the disposition.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely).
• Reported transactions: 595 shares acquired via conversion/exercise (RSU vesting) and 595 shares disposed at $0.
• Shares owned after transaction: filing lists 33,171 shares of common stock; filing also references previously reported unvested RSUs.
• Footnotes: F1–F2 confirm these were RSUs converting to common shares on vesting; F4 outlines the grant and vesting schedule (granted 6/11/2025, vesting in four installments, with accelerated vesting timing rules); F3 and F5 summarize totals of previously reported unvested RSUs and remaining unvested RSUs under the award.
• No explicit 10b5-1 plan or separate tax-withholding code is shown in the transaction lines.

Context
This filing reflects RSU vesting and settlement rather than an open-market buy or sale. A disposition at $0 in RSU settlements commonly reflects shares withheld or surrendered to satisfy tax or withholding obligations; the form here records the conversion and the $0 disposition but does not show cash proceeds. For retail investors, vesting events are routine compensation settlements and do not by themselves indicate a change in insider sentiment.