Tavis Luke 4

What happened

• Tavis Luke, Chief Accounting Officer of Remitly Global (RELY), had RSUs vest and converted into common shares on Feb 25, 2026. A total of 7,167 RSU shares were settled (3,891 + 3,276). To cover tax withholding, 2,225 shares were surrendered at $16.19 per share (codes F), generating approximately $36,023. Net shares added to his position: 4,942.
• The filings also show the RSU conversions recorded as derivative exercises/dispositions (code M); the $0.00 entries reflect conversion/settlement of RSUs to common stock rather than an open‑market sale.

Key details

• Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026 (timely within the normal 2‑business‑day window).
• Withholding: 2,225 shares withheld at $16.19/share → $19,558 and $16,465 entries (total ≈ $36,023) to cover tax liability (F code).
• Shares settled: 7,167 RSUs converted to common shares (M code); net retained after withholding = 4,942 shares.
• Footnotes: Filing notes these transactions reflect RSU vesting/settlement (each RSU = right to one share). Footnotes indicate prior RSU awards and previously reported unvested RSUs; one footnote states this RSU award vested 100% on Feb 25, 2026.
• No open‑market sale reported—the disposals were for tax withholding, not a public sale.

Context

• This is a routine RSU vesting and tax‑withholding transaction common for executives when restricted stock units vest. It is not an indication of an open‑market sale or purchase decision.
• For investors, purchases or net additions are often more informative; here the insider retained 4,942 shares after tax withholding.