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

Role
Chief Financial Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
22 Sep 2021
Net transactions value
$0
Form type
3
Filing time
22 Sep 2021, 18:12:40 UTC
Next filing
01 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 500,000 22 Sep 2021 Direct
holding RELY Common Stock 70,000 22 Sep 2021 By GRAT F1

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) 22 Sep 2021 Common Stock 530,000 $1.70 Direct F2
holding RELY Stock Option (right to buy) 22 Sep 2021 Common Stock 221,667 $6.55 Direct F3
* 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 GRAT, of which the reporting person's spouse is the trustee.
F2 The option vested as to 1/4th of the total shares on August 22, 2019 and then 1/48th of the total shares vest monthly thereafter, with 100% of the total shares vested on August 22, 2022, 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 1/19th of the total shares on September 1, 2022 and then 1/19th 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.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY