Ankur Sinha - 25 Feb 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Technology Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 Feb 2023
Net transactions value
-$1,343,311
Form type
4
Filing time
28 Feb 2023, 18:03:22 UTC
Previous filing
03 Oct 2022
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +266,323 266,323 25 Feb 2023 Direct F1
transaction RELY Common Stock Tax liability $1,343,311 -94,666 -36% $14.19 171,657 25 Feb 2023 Direct

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 -266,323 -25% $0.000000 798,970 25 Feb 2023 Common Stock 266,323 Direct F1, F2
* 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 The reporting person vested into 266,323 RSUs on February 25, 2023, and then 1/12th of the remaining shares vest quarterly thereafter, with 100% of the total shares vested on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.