Rene Yoakum - Oct 16, 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
Oct 16, 2023
Transactions value $
-$376,938
Form type
4
Date filed
10/18/2023, 04:32 PM
Previous filing
Sep 19, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise $25.5K +15K +34.89% $1.70 58K Oct 16, 2023 Direct F1
transaction RELY Common Stock Sale -$402K -15K -25.86% $26.83 43K Oct 16, 2023 Direct F1, 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 Stock Option (right to buy) Options Exercise $0 -15K -10.77% $0.00 124K Oct 16, 2023 Common Stock 15K $1.70 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 Weighted average price. These shares were sold in multiple transactions at prices ranging from $26.2500 to $27.0000 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The option vests as to 25% of the total shares on June 25, 2018 and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on June 25, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F4 The reporting person also holds (i) 207,787 RSUs and (ii) 526,041 stock options that are not reflected on this form.