Hemanth Munipalli - 08 Aug 2022 Form 4 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
08 Aug 2022
Net transactions value
$0
Form type
4
Filing time
10 Aug 2022, 19:23:50 UTC
Previous filing
20 Jul 2022
Next filing
02 May 2023
SEC
View on sec.gov

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
transaction RELY Stock Option (right to buy) Award $0 +166,113 $0.000000 166,113 08 Aug 2022 Common Stock 166,113 $11.15 Direct F1
transaction RELY Restricted Stock Units (RSUs) Award $0 +664,452 $0.000000 664,452 08 Aug 2022 Common Stock 664,452 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests as to 1/4th of the total shares on August 8, 2023 and then 1/48th of the total shares vest monthly thereafter, with 100% of the total shares vested on August 8, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of RELY common stock.
F3 The RSUs vest as to 1/4th of the total shares underlying the RSUs on August 25, 2023 and then 1/16th of the total shares vest on each November 25, February 25, May 25, and August 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.