Joshua Hug - Nov 25, 2022 Form 4 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
Nov 25, 2022
Transactions value $
-$105,280
Form type
4
Date filed
11/29/2022, 07:42 PM
Previous filing
Aug 26, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +10.1K +0.24% 4.18M Nov 25, 2022 Direct F1
transaction RELY Common Stock Tax liability -$25.7K -2.38K -0.06% $10.77 4.18M Nov 25, 2022 Direct
transaction RELY Common Stock Sale -$79.6K -7.73K -0.18% $10.30 4.17M Nov 28, 2022 Direct F2, F3
holding RELY Common Stock 300K Nov 25, 2022 By Trust F4

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 Restricted Stock Units (RSUs) Options Exercise $0 -10.1K -4.17% $0.00 232K Nov 25, 2022 Common Stock 10.1K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F2 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Weighted average price. These shares were sold in multiple transactions at prices ranging from $10.2000 to $10.4500 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 The securities are held by a family trust, of which the reporting person's spouse is the trustee.
F5 On May 23, 2022, the reporting person was granted 262,445 RSUs that vest as follows: 10,109 shares on May 25, 2022, 10,109 shares on August 25, 2022, 10,110 on November 25, 2022, 10,110 shares on February 25, 2023, 24,115 shares on May 25, 2023, 29,130 shares on August 25, 2023, 29,131 shares on November 25, 2023, 29,131 shares on February 25, 2024, 27,625 shares on May 25, 2024, 27,625 shares on August 25, 2024, 27,625 shares on November 25,2024, and 27,625 shares on February 25, 2025 with 100% of the total shares vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.