Rene Yoakum - Nov 15, 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Nov 15, 2023
Transactions value $
-$311,295
Form type
4
Date filed
11/17/2023, 04:17 PM
Previous filing
Oct 18, 2023
Next filing
Nov 28, 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 Nov 15, 2023 Direct F1
transaction RELY Common Stock Sale -$337K -15K -25.86% $22.45 43K Nov 15, 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 -12.08% $0.00 109K Nov 15, 2023 Common Stock 15K $1.70 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 $22.21 to $23.01 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 vested as to 25% of the total shares on June 25, 2018, and then 2.0833% of the total shares vested 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.