Naspers Ltd - Sep 22, 2021 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
10%+ Owner
Signature
/s/ Nico Marais, Authorized Representative; Naspers Limited
Stock symbol
RELY
Transactions as of
Sep 22, 2021
Transactions value $
$0
Form type
3
Date filed
9/22/2021, 06:47 PM
Previous filing
Jun 14, 2021
Next filing
Sep 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 15 K Sep 22, 2021 See Footnotes F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RELY Series Seed Prime Convertible Preferred Stock Sep 22, 2021 Common Stock 71.6 K See Footnotes F1, F2, F3
holding RELY Series A Convertible Preferred Stock Sep 22, 2021 Common Stock 1.26 M See Footnotes F1, F2, F3
holding RELY Series C Convertible Preferred Stock Sep 22, 2021 Common Stock 1.62 M See Footnotes F1, F2, F3
holding RELY Series D Convertible Preferred Stock Sep 22, 2021 Common Stock 26.4 M See Footnotes F1, F2, F3
holding RELY Series E Convertible Preferred Stock Sep 22, 2021 Common Stock 1.68 M See Footnotes F1, F2, F3
holding RELY Series F Convertible Preferred Stock Sep 22, 2021 Common Stock 5.74 M See Footnotes F1, F2, F3

Explanation of Responses:

Id Content
F1 Represents shares directly held by PayU Fintech Investments B.V. ("PayU") and indirectly held by Prosus N.V. and Naspers Ltd. PayU is a subsidiary of MIH Fintech Holdings B.V., which in turn is a subsidiary of MIH e-Commerce Holdings B.V., which in turn is a subsidiary of MIH Internet Holdings B.V., which is in turn a subsidiary of Prosus N.V., which is an indirect, majority-owned subsidiary of Naspers Ltd. PayU is controlled by Prosus N.V. and Naspers Ltd., which share voting and dispositive control over the shares held by PayU. Naspers Ltd. employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk ("Nasbel") and Keeromstraat 30 Beleggings (RF) Beperk ("Keerom"), the sole remit of which is to protect the continued independence of Naspers Ltd.
F2 (Continued from Footnote 1) Each of Nasbel and Keerom disclaims beneficial ownership of all shares of Common Stock owned by the Reporting Persons, except to the extent of their respective pecuniary interest therein. Laurent Le Moal, a member of board of directors of the Issuer, is the Chief Executive Officer of PayU, but has no voting or dispositive control over the shares held by PayU.
F3 The reported security is convertible into the Issuer's Common Stock on a 1-for-1 basis at any time at the holder's election and shall automatically convert into Common Stock immediately prior to the closing of the Issuer's initial public offering without payment of further consideration. The shares have no expiration date.