Chung Bora 4

What Happened

• Chung Bora, a director of Remitly Global, Inc. (RELY), received two restricted stock unit (RSU) awards on June 10, 2026 totaling 34,008 RSUs (3,452 RSUs + 30,556 RSUs). Each RSU is a contingent right to receive one share of common stock upon settlement. Both awards were reported at $0.00 per share (standard for RSU grants).

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 11, 2026 (timely).
• Grant details: 3,452 RSUs (Footnote F1) and 30,556 RSUs (Footnote F2); total 34,008 RSUs.
• Price: $0.00 per RSU (award/grant).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote summaries:
  • F1: 3,452 RSUs vest in four equal installments on Aug 25, Nov 25, Feb 25, and May 25 following the grant date, and if not fully vested, will vest in full on the earlier of the next annual meeting or June 10, 2027, subject to continued service.
  • F2: 30,556 RSUs vest in three equal annual installments beginning on the earlier of the next annual meeting or June 10, 2027, subject to continued service.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or that the filing was late.

Context

• RSU grants are compensation awards that convert to shares only upon vesting; they are not open-market purchases or sales and therefore do not directly signal the insider buying or selling stock. Vesting schedules and the requirement to remain in service mean these are future contingent awards rather than immediate stock ownership.