Rene Yoakum - Nov 25, 2022 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP, Customer and Culture
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Nov 25, 2022
Transactions value $
-$72,781
Form type
4
Date filed
11/29/2022, 08:09 PM
Previous filing
Nov 15, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +7.18K +2508.74% 7.46K Nov 25, 2022 Direct F1
transaction RELY Common Stock Tax liability -$18.8K -1.75K -23.43% $10.77 5.71K Nov 25, 2022 Direct
transaction RELY Common Stock Sale -$54K -5.43K -94.99% $9.94 286 Nov 29, 2022 Direct F2, F3

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 -7.18K -33.34% $0.00 14.3K Nov 25, 2022 Common Stock 7.18K Direct F1, F4
* 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 Weighted average price. These shares were sold in multiple transactions at prices ranging from $9.9300 to $10.0000 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.
F3 The reporting person holds (i) 83,989 RSUs and (ii) 776,041 stock options of which 433,593 stock options are vested and exercisable that are not reflected on this form.
F4 The RSUs vested as to 1/4th of the total shares underlying the RSUs on August 25, 2022 and then 1/4th of the total shares vest on November 25, 2022, February 25, 2023, and May 25, 2023, with 100% of the total shares underlying the RSUs vested on May 25, 2023, subject to the reporting person's provision of service to the issuer on each vesting date.