Form 4: Remitly Director Nigel Morris's RSU Vesting

Remitly Global Director Nigel W. Morris reported the vesting of 525 Restricted Stock Units, converting them into common stock, and now beneficially owns 1,844,923 shares.

Summary

• Nigel W. Morris, a Director at Remitly Global, Inc. (RELY), reported a transaction on November 25, 2025.
• The transaction involved the vesting of 525 Restricted Stock Units (RSUs), which converted into shares of the issuer's Common Stock.
• Following this vesting event, Mr. Morris directly beneficially owns 1,844,923 shares of Remitly Global, Inc. Common Stock.
• Mr. Morris also continues to directly beneficially own 1,048 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing reports a routine, pre-scheduled vesting of Restricted Stock Units for a director, increasing their direct ownership and aligning interests with shareholders, which is generally a positive but expected event.

Positives

• Director Nigel W. Morris increased his direct beneficial ownership of Remitly Global, Inc. common stock by 525 shares through the vesting of Restricted Stock Units.
• The vesting event demonstrates continued alignment of the director's interests with shareholders.

Future Outlook

Remaining 1,048 Restricted Stock Units are scheduled to vest in future installments on February 25, 2026, and May 25, 2026. Full vesting will occur on the earlier of the 2026 annual meeting of the Issuer's stockholders or June 11, 2026, contingent on the reporting person's continued service.

Industry Context

This is a routine insider transaction filing and does not provide specific industry context or trends.

Stakeholder Impact

• Shareholders: Increased alignment of the director's interests with shareholders due to increased direct stock ownership.
• Employees (specifically the director): Realization of compensation through RSU vesting.

Next Steps

• Future vesting of remaining 1,048 Restricted Stock Units on February 25, 2026, and May 25, 2026.
• Full vesting of RSUs by the earlier of the 2026 annual meeting or June 11, 2026.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled vesting of Restricted Stock Units for a director, which is an expected event and does not provide new information that would alter the fundamental investment thesis for Remitly Global, Inc. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Remitly Global, RELY, Form 4, Insider Transaction, RSU Vesting, Nigel Morris, Director, Stock Ownership