Pankaj Sharma - Feb 25, 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Business Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Feb 25, 2024
Transactions value $
-$355,046
Form type
4
Date filed
2/27/2024, 08:23 PM
Previous filing
Nov 28, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +22.1K +20.68% 129K Feb 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$220K -10.4K -8.05% $21.14 119K Feb 26, 2024 Direct
transaction RELY Common Stock Options Exercise +13.6K +11.44% 132K Feb 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$135K -6.39K -4.82% $21.14 126K Feb 26, 2024 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 -20% $0.00 88.6K Feb 25, 2024 Common Stock 22.1K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -13.6K -100% $0.00* 0 Feb 25, 2024 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.