NIGEL W. MORRIS - 25 May 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role: Director
Signature: /s/ Saema Somalya as attorney-in-fact
Issuer symbol: RELY
Transactions as of: 25 May 2023
Net transactions value: $0
Form type: 4
Filing time: 30 May 2023, 18:56:50 UTC
Previous filing: 17 Apr 2023
Next filing: 02 Jun 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		+1,875	+13%		16,205	25 May 2023	Direct	F1
transaction	RELY	Common Stock	Options Exercise		+1,026	+6.3%		17,231	25 May 2023	Direct	F1
holding	RELY	Common Stock						1,714,540	25 May 2023	By QED Fund II, L.P.	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	Restricted Stock Units (RSUs)	Options Exercise	$0	-1,875	-10%	$0.000000	16,875	25 May 2023	Common Stock	1,875		Direct	F1, F3
transaction	RELY	Restricted Stock Units (RSUs)	Options Exercise	$0	-1,026	-100%	$0.000000^*	0	25 May 2023	Common Stock	1,026		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	These securities are held of record by QED Fund II, L.P. ("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 RSUs vested as to 1/16th of the total shares underlying the RSUs on November 25, 2021 and then 1/16th of the total shares vest on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F4	The RSUs vest on the earlier of (1) four equal quarterly installments on August 25, 2022, November 25, 2022, February 25, 2023, and May 25, 2023, and (2) the issuer's next annual meeting of stockholders following the grant date, subject to the reporting person's provision of service to the issuer through each applicable date.