Rene Yoakum - May 25, 2023 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
May 25, 2023
Transactions value $
-$99,120
Form type
4
Date filed
5/30/2023, 06:51 PM
Previous filing
May 2, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +7.17K +134.55% 12.5K May 25, 2023 Direct F1
transaction RELY Common Stock Options Exercise +16.1K +128.62% 28.6K May 25, 2023 Direct F1
transaction RELY Common Stock Tax liability -$30.6K -1.75K -6.11% $17.50 26.8K May 25, 2023 Direct
transaction RELY Common Stock Tax liability -$68.5K -3.92K -14.59% $17.50 22.9K May 25, 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 -7.17K -100% $0.00* 0 May 25, 2023 Common Stock 7.17K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -16.1K -100% $0.00* 0 May 25, 2023 Common Stock 16.1K 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 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.
F3 100% of the total shares underlying the RSUs vested on May 25, 2023.