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

Role
Chief Financial Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 Feb 2024
Net transactions value
-$290,760
Form type
4
Filing time
27 Feb 2024, 20:25:44 UTC
Previous filing
29 Nov 2023
Next filing
01 Mar 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 +9,801 +8.7% 122,718 25 Feb 2024 Direct F1
transaction RELY Common Stock Tax liability $64,435 -3,048 -2.5% $21.14 119,670 26 Feb 2024 Direct
transaction RELY Common Stock Options Exercise +41,529 +35% 161,199 25 Feb 2024 Direct F1
transaction RELY Common Stock Tax liability $226,325 -10,706 -6.6% $21.14 150,493 26 Feb 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 -9,801 -100% $0.000000* 0 25 Feb 2024 Common Stock 9,801 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -41,529 -9.1% $0.000000 415,282 25 Feb 2024 Common Stock 41,529 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 RSUs will vest as to 1/4th of the total shares underlying the RSUs on May 25, 2023, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 The RSUs vest as to 1/4th of the total shares underlying the RSUs on August 25, 2023 and then 1/16th of the total shares vest on each November 25, February 25, May 25, and August 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.