Hemanth Munipalli - Aug 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
Aug 25, 2023
Transactions value $
-$1,608,988
Form type
4
Date filed
8/29/2023, 07:45 PM
Previous filing
May 30, 2023
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +9.8K +131.33% 17.3K Aug 25, 2023 Direct F1
transaction RELY Common Stock Tax liability -$97.5K -3.91K -22.67% $24.90 13.4K Aug 25, 2023 Direct
transaction RELY Common Stock Options Exercise +166K +1244.29% 179K Aug 25, 2023 Direct F1
transaction RELY Common Stock Tax liability -$1.51M -60.7K -33.83% $24.90 119K Aug 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 -33.33% $0.00 19.6K Aug 25, 2023 Common Stock 9.8K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -166K -25% $0.00 498K Aug 25, 2023 Common Stock 166K 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, 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.
F3 The RSUs vest as to 1/4th of the total shares underlying the RSUs on August 25, 2023 and then 1/16th of the total shares vest on each November 25, February 25, May 25, and August 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.