Nigel W. Morris - Apr 13, 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Director
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Apr 13, 2023
Transactions value $
$25,500
Form type
4
Date filed
4/17/2023, 08:13 PM
Previous filing
Feb 28, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise $25.5K +150K +9.59% $0.17* 1.71M Apr 13, 2023 By QED Fund II, L.P. F1, F2

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) Options Exercise $0 -150K -100% $0.00* 0 Apr 13, 2023 Common Stock 150K $0.17 By QED Fund II, L.P. F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 QED Fund II, L.P. ("QED LP") paid the exercise price and exercised options to purchase a total of 150,000 shares of the company's common stock. These shares have not been sold and are being held by QED LP.
F2 These securities are held of record by 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.
F3 The option was fully vested and exercisable.