Form 4: Remitly Global Executive Rene Yoakum Reports Stock Transactions

EVP Rene Yoakum reports the vesting of Restricted Stock Units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On August 25 and 26, 2024, Rene Yoakum, EVP of Customer and Culture at Remitly Global, Inc., reported transactions involving Remitly's common stock.
• These transactions involved the vesting of Restricted Stock Units (RSUs) and the subsequent disposition of shares to satisfy tax obligations.
• On August 25, 2024, 11,667 RSUs vested, resulting in the acquisition of 11,667 shares of common stock.
• Also on August 25, 2024, 22,452 RSUs vested, resulting in the acquisition of 22,452 shares of common stock.
• On August 26, 2024, 4,591 shares were disposed of at a price of $13.78 per share to cover tax obligations.
• On August 26, 2024, 8,835 shares were disposed of at a price of $13.78 per share to cover tax obligations.
• Following these transactions, Yoakum directly owns 122,522 shares of Remitly Global, Inc.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.

Key Dates