Pankaj Sharma - Nov 16, 2023 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP, INTERNATIONAL
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Nov 16, 2023
Transactions value $
$0
Form type
3
Date filed
11/27/2023, 09:07 PM
Next filing
Nov 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 90.9K Nov 16, 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
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 7.5K $1.70 Direct F1
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 32.5K $1.70 Direct F2
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 1K $2.51 Direct F3
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 5.83K $2.00 Direct F4
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 11.7K $2.00 Direct F5
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 40K $6.55 Direct F6
holding RELY Stock Option (right to buy) Nov 16, 2023 Common Stock 80K $6.55 Direct F7
holding RELY Restricted Stock Units (RSUs) Nov 16, 2023 Common Stock 133K Direct F8, F9
holding RELY Restricted Stock Units (RSUs) Nov 16, 2023 Common Stock 27.2K Direct F9, F10
holding RELY Restricted Stock Units (RSUs) Nov 16, 2023 Common Stock 30.5K Direct F9, F11
holding RELY Restricted Stock Units (RSUs) Nov 16, 2023 Common Stock 125K Direct F9, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested as to 25% of the total shares on August 29, 2019 and then 1/48th of the total shares vested monthly thereafter, with 100% of the total shares vested on January 29, 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.
F2 The option vested as to 1/48th of the total shares on September 13, 2018 and then 1/48th of the total shares vested monthly thereafter, with 100% of the total shares vested on August 13, 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.`
F3 The option became fully vested and exercisable on October 30, 2019.
F4 The option vested as to 1/7th of the total shares on February 1, 2022, and then 1/7th of the total shares vested monthly thereafter, with 100% of the total shares vested on August 1, 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.
F5 The option vested as to 1/7th of the total shares on September 1, 2022, and then 1/7th of the total shares vested monthly thereafter, with 100% of the total shares vested on March 1, 2023, 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.
F6 The option vested as to 1/24th of the total shares on April 1, 2021 and then 1/24th of the total shares vested monthly thereafter, with 100% of the total shares vesting on March 1, 2023, 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.
F7 The option vested as to 1/24th of the total shares on April 1, 2023 and then 1/24th of the total shares vested monthly thereafter, with 100% of the total shares vesting on March 1, 2025, 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.
F8 The RSU's vest as to 1/6 of the total shares on November 25, 2023 and then 1/6 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F9 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F10 The RSU's vested as to 1/4 of the total shares on May 25, 2023 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F11 The RSU's vest as to 1/4 of the total shares on May 25, 2024 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F12 The RSU's vest as to 1/4 of the total shares on May 25, 2025 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY