Pankaj Sharma - Nov 25, 2023 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP Global Remittance Bus Mgmt
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Nov 25, 2023
Transactions value $
-$435,223
Form type
4
Date filed
11/28/2023, 09:13 PM
Previous filing
Nov 27, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +22.1K +24.37% 113K Nov 25, 2023 Direct F1
transaction RELY Common Stock Tax liability -$270K -12.1K -10.7% $22.31 101K Nov 27, 2023 Direct
transaction RELY Common Stock Options Exercise +13.6K +13.47% 115K Nov 25, 2023 Direct F1
transaction RELY Common Stock Tax liability -$166K -7.42K -6.48% $22.31 107K Nov 27, 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 -22.1K -16.67% $0.00 111K Nov 25, 2023 Common Stock 22.1K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -13.6K -50% $0.00 13.6K Nov 25, 2023 Common Stock 13.6K 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 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.
F3 The RSU's vest 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.