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

Role
Chief Accounting Officer
Signature
/s/ Christie Cho as attorney-in-fact
Stock symbol
RELY
Transactions as of
May 25, 2024
Transactions value $
-$82,488
Form type
4
Date filed
5/29/2024, 06:38 PM
Previous filing
Apr 18, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +650 650 May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$2.45K -179 -27.54% $13.70 471 May 28, 2024 Direct
transaction RELY Common Stock Options Exercise +21.3K +4511.68% 21.7K May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$80K -5.84K -26.9% $13.70 15.9K May 28, 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% $0.00* 0 May 25, 2024 Common Stock 650 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -21.3K -17% $0.00 104K May 25, 2024 Common Stock 21.3K 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.