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

Role
EVP Global Remittance Bus Mgmt
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 Nov 2023
Net transactions value
-$435,223
Form type
4
Filing time
28 Nov 2023, 21:13:27 UTC
Previous filing
27 Nov 2023
Next filing
27 Feb 2024
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 +22,144 +24% 113,000 25 Nov 2023 Direct F1
transaction RELY Common Stock Tax liability $269,706 -12,089 -11% $22.31 100,911 27 Nov 2023 Direct
transaction RELY Common Stock Options Exercise +13,590 +13% 114,501 25 Nov 2023 Direct F1
transaction RELY Common Stock Tax liability $165,518 -7,419 -6.5% $22.31 107,082 27 Nov 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 -22,144 -17% $0.000000 110,717 25 Nov 2023 Common Stock 22,144 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -13,590 -50% $0.000000 13,589 25 Nov 2023 Common Stock 13,590 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.