Ankur Sinha - 25 Aug 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Technology Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 Aug 2023
Net transactions value
-$661,269
Form type
4
Filing time
29 Aug 2023, 20:01:37 UTC
Previous filing
30 May 2023
Next filing
31 Aug 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 +66,581 +31% 278,622 25 Aug 2023 Direct F1
transaction RELY Common Stock Tax liability $661,269 -26,557 -9.5% $24.90 252,065 25 Aug 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 -66,581 -9.1% $0.000000 665,808 25 Aug 2023 Common Stock 66,581 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 reporting person vested into 266,323 RSUs on February 25, 2023, and then 1/12th of the remaining shares vest quarterly thereafter, with 100% of the total shares vested on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.