Joshua Hug - Apr 3, 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Operating Officer, Director
Signature
/s/ Christie Cho as attorney-in-fact
Stock symbol
RELY
Transactions as of
Apr 3, 2024
Transactions value $
-$822,278
Form type
4
Date filed
4/5/2024, 04:55 PM
Previous filing
Apr 1, 2024
Next filing
Apr 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Sale -$408K -20K -0.51% $20.42 3.93M Apr 3, 2024 Direct F1, F2
transaction RELY Common Stock Sale -$414K -20K -0.51% $20.69 3.91M Apr 4, 2024 Direct F1, F3
holding RELY Common Stock 300K Apr 3, 2024 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.25 to $20.65 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.41 to $21.13 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 The securities are held by a family trust, of which the reporting person's spouse is the trustee.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY