MORRIS NIGEL W 4

What Happened

• Nigel W. Morris, a director of Remitly Global, Inc. (RELY), was granted two restricted stock unit (RSU) awards on 2026-06-10 totaling 33,356 RSUs (2,800 RSUs and 30,556 RSUs). Each RSU represents a contingent right to receive one share of common stock upon settlement. The grants were issued at $0.00 per RSU (no cash exchanged).

Key Details

• Transaction date and price: 2026-06-10; grant/award code A; $0.00 per RSU.
• Grant totals: 2,800 RSUs (footnote F1) + 30,556 RSUs (footnote F2) = 33,356 RSUs.
• Vesting (per footnotes):
  • F1 (2,800 RSUs): vest in four equal installments on Aug 25, Nov 25, Feb 25, and May 25 following the grant date; if not fully vested earlier, they vest in full on the earlier of the next annual meeting and 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 and June 10, 2027, subject to continued service.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-06-11 for the 2026-06-10 grant (filed the next day), which is timely under typical Form 4 rules.
• No 10b5-1 plan, tax-withholding, or immediate sale noted in the provided footnotes.

Context

• RSUs are compensation awards that convert to common shares upon vesting/settlement and do not require an upfront cash outlay from the recipient. Such grants are routine for directors and employees and reflect compensation rather than an open-market purchase; they do not by themselves signal a personal market-timing decision. Vesting schedules and settlement timing determine when shares may dilute existing shareholders and when the recipient can sell shares.