Joshua Hug - 29 Apr 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Operating Officer, Director
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
29 Apr 2023
Transactions value $
$0
Form type
4
Filing time
02 May 2023, 18:09:06 UTC
Previous filing
08 Mar 2023
Next filing
30 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 Restricted Stock Units (RSUs) Award $0 +35.9K $0.00 35.9K 29 Apr 2023 Common Stock 35.9K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Award $0 +163K $0.00 163K 29 Apr 2023 Common Stock 163K Direct F1, F3
* 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 RSUs will vest as to 1/4th of the total shares underlying the RSUs on May 25, 2024, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 The RSUs will vest as to 1/4th of the total shares underlying the RSUs on May 25, 2025, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.