Nigel W. Morris - 22 Sep 2021 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
Director
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, 18:14:46 UTC
Next filing
27 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 345,000 22 Sep 2021 By QED Fund II, L.P. 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 Restricted Stock Units (RSUs) 22 Sep 2021 Common Stock 30,000 Direct F2, F3
holding RELY Stock Option (right to buy) 22 Sep 2021 Common Stock 150,000 $0.1700 By QED Fund II, L.P. F1, F4
holding RELY Series A Preferred Stock 22 Sep 2021 Common Stock 1,348,840 By QED Fund II, L.P. F1, F5
holding RELY Series B Preferred Stock 22 Sep 2021 Common Stock 851,788 By QED Fund II, L.P. F1, F5
holding RELY Series C Preferred Stock 22 Sep 2021 Common Stock 733,912 By QED Fund II, L.P. F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are held of record by QED Fund II, L.P. ("QED LP"), which is managed by QED Partners II, LLC ("QED LLC"). Nigel Morris, a director of the issuer, is the managing partner of QED LLC and may be deemed to have sole voting and dispositive control over the shares held by QED LP. Mr. Morris disclaims beneficial ownership of the shares held by QED LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F2 The RSUs vest as to 1/16th of the total shares underlying the RSUs on November 25, 2021 and then 1/16th of the total shares vest on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F4 The option is fully vested and exercisable.
F5 Each share of the issuer's Series Seed, Series Seed Prime, Series A, Series B, Series C, Series D, Series E and Series F Preferred Stock will automatically convert into one (1) share of the issuer's Common Stock immediately upon the closing of the issuer's initial public offering, and has no expiration date.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY