Gail A. Miller - 25 May 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Accounting Officer
Signature
/s/ Christie Cho as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 May 2024
Net transactions value
-$82,488
Form type
4
Filing time
29 May 2024, 18:38:53 UTC
Previous filing
18 Apr 2024
Next filing
21 Aug 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 +650 650 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $2,452 -179 -28% $13.70 471 28 May 2024 Direct
transaction RELY Common Stock Options Exercise +21,250 +4512% 21,721 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $80,035 -5,842 -27% $13.70 15,879 28 May 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 -650 -100% $0.000000* 0 25 May 2024 Common Stock 650 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -21,250 -17% $0.000000 103,750 25 May 2024 Common Stock 21,250 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 share of the issuer's Common Stock upon settlement.
F2 100% of the total shares underlying the RSUs vested on May 25, 2024, subject to the reporting person's provision of service to the issuer through this date.
F3 The RSUs will vest as to 17% of the total shares underlying the RSUs on May 25, 2024, then 4.25% of the total shares vest on each of the four quarterly vesting dates thereafter, and then 8.25% of the total shares vest on each of the eight quarterly vesting dates thereafter, with 100% of the total shares underlying the RSUs vested on May 25, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.