Mehta Vikas D 4

What Happened

• Vikas D. Mehta, Chief Financial Officer of Remitly Global, reported the vesting/settlement of 32,812 restricted stock units (RSUs) on February 25, 2026. Of those shares, 8,181 were surrendered/withheld to cover tax withholding at $16.19 per share, totaling $132,450. After withholding, Mehta received a net 24,631 shares. This was an RSU vesting/tax-withholding event — not an open-market purchase or discretionary sale.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
• Vesting/settlement: 32,812 RSUs converted to shares (reported as derivative conversion, code M).
• Tax withholding: 8,181 shares surrendered (code F) at $16.19/share = $132,450.
• Net shares issued to insider: 24,631 shares.
• Shares owned after transaction (reported): 125,151 shares of common stock and 761,567 unvested RSUs in total (includes 678,125 unvested RSUs remaining under this RSU award).
• Footnotes: RSUs represent contingent rights to common shares and vest per a multi‑quarter schedule; the filing notes prior RSU awards reported in Table II.

Context

• This is a routine equity compensation settlement (RSU vesting) and tax withholding — common for executives receiving equity compensation. It does not reflect an open‑market buy or a sale for investment purposes. The reporting clarifies the mechanics: conversion/settlement of RSUs and share withholding to satisfy tax obligations.