Sinha Ankur 4

What Happened

• Ankur Sinha, Remitly's Chief Product & Technology Officer, had 66,581 restricted stock units (RSUs convert/vest) on February 25, 2026. Those RSUs converted into common shares (exercise/conversion of derivative).
• To satisfy tax withholding, 17,872 of the newly issued shares were surrendered/sold at $16.19 per share for total consideration of $289,348. The remaining shares from the vest (about 48,709 shares) were delivered to Sinha.

Key Details

• Transaction date: February 25, 2026. Form 4 filed Feb 27, 2026 (timely — within the usual two-business-day window).
• What converted: 66,581 RSUs vested and were converted into shares (transaction code M).
• Tax withholding/sale: 17,872 shares disposed at $16.19 per share for $289,348 (transaction code F for tax/payment).
• Reported holdings: filing notes included 497,864 shares of common stock and 691,996 unvested RSUs in Table I prior to this vesting. After this vesting, unvested RSUs would be reduced by 66,581 and common shares increased by the net delivered shares (approximately +48,709), as implied by the filing.
• Footnotes: F1–F4 indicate these were RSU vesting events (each RSU = right to one share) and describe the vesting schedule (initial 1/4 vested Feb 25, 2023, then 1/16 quarterly thereafter).
• No indication of a 10b5-1 plan or gift; this was routine vesting and tax withholding, not an open-market discretionary purchase or sale.

Context

• This was not an options buy — it was the standard settlement of RSUs into shares. The share disposal was to cover tax liabilities (common practice, often done either by share withholding or a sale of shares upon vesting).
• Such routine withholding/sales on vesting do not necessarily indicate a change in the insider's view of the company; they reflect tax obligations tied to equity compensation.