Riese Phillip John 4

What Happened Riese Phillip John, a director of Remitly Global, had 9,533 restricted stock units (RSUs) vest on June 10, 2026. The filing reports an exercise/conversion event (transaction code M): 9,533 shares were issued upon settlement and an equal 9,533 shares were disposed with $0.00 proceeds—consistent with shares being surrendered/withheld to satisfy tax withholding. No cash changed hands as a result of the disposition.

Key Details

• Transaction date: June 10, 2026 (reported on Form 4 filed June 11, 2026; timely).
• Reported activity: 9,533 RSUs vested/converted to 9,533 shares (acquisition) and 9,533 shares disposed at $0.00 (withholding).
• Shares owned after transaction: 132,029 shares of common stock plus 19,065 unvested RSUs remaining under the award (per footnotes).
• Footnotes: F1–F5 note this was the vesting/settlement of RSUs granted June 11, 2025, that vest in three equal annual installments beginning June 10, 2026; each RSU converts to one share; totals reported combine common shares and remaining unvested RSUs.
• Transaction code: M = exercise/conversion of a derivative; the $0 disposition indicates withholding rather than a market sale.

Context This is a routine RSU vesting and tax-withholding event, not an open-market purchase or sale. When RSUs vest, companies commonly withhold a portion of shares to cover taxes—recorded here as a disposition at $0—so it does not directly signal insider buying or selling intent. No dollar value or proceeds were reported for the shares withheld.