Form 4: Remitly Global Director Laurent Le Moal Reports Stock Vesting

Director Laurent Le Moal reports the vesting of Restricted Stock Units (RSUs) in Remitly Global, Inc.

Summary

• On February 25, 2025, Remitly Global, Inc. Director Laurent Le Moal reported the vesting of 904 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Remitly Global's Common Stock upon settlement.
• Following the transaction, Le Moal directly owns 25,005 shares of Common Stock.
• The RSUs vest in four equal installments on each August 25, November 25, February 25 and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the 2025 annual meeting of the Company's stockholders or (ii) June 12, 2025 subject to the reporting person's provision of service to the issuer on each vesting date.
• Le Moal has granted a power of attorney to Saema Somalya, Cameron Cohen, Jeff Mason, Jered Fahey, and Luke Tavis to handle SEC filings related to Remitly Global securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock vesting, which is a neutral event.

Positives

• The vesting of RSUs indicates that the director is meeting the conditions of their equity compensation plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of equity compensation for a director, which is a common practice.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates