Hemanth Munipalli - May 25, 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role: Chief Financial Officer
Signature: /s/ Saema Somalya as attorney-in-fact
Stock symbol: RELY
Transactions as of: May 25, 2023
Transactions value $: -$40,915
Form type: 4
Date filed: 5/30/2023, 06:59 PM
Previous filing: May 2, 2023
Next filing: Aug 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RELY	Common Stock	Options Exercise		+9.8K			9.8K	May 25, 2023	Direct	F1
transaction	RELY	Common Stock	Tax liability	-$40.9K	-2.34K	-23.85%	$17.50	7.46K	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	-9.8K	-25%	$0.00	29.4K	May 25, 2023	Common Stock	9.8K		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 RSUs vested as to 1/4th of the total shares underlying the RSUs on May 25, 2023, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.