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

Role
Chief Operating Officer, Director
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Sep 22, 2021
Transactions value $
$0
Form type
3
Date filed
9/22/2021, 06:07 PM
Next filing
Mar 15, 2022
SEC
View on sec.gov

Transactions Table

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 Stock Option (right to buy) Sep 22, 2021 Common Stock 70K $6.55 Direct F2
holding RELY Stock Option (right to buy) Sep 22, 2021 Common Stock 225K $6.55 Direct F3
holding RELY Stock Option (right to buy) Sep 22, 2021 Common Stock 235K $14.11 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are held by a family trust, of which the reporting person's spouse is the trustee.
F2 The option vested as to 1/24th of the total shares on April 1, 2021 and then 1/24th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F3 The option vests as to 1/11th of the total shares on May 1, 2023 and then 1/11th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2024, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F4 The option vests as to 1/12th of the total shares on April 1, 2024 and then 1/12th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2025, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY