Ankur Sinha - 25 May 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Signature
/s/ Christie Cho as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 May 2024
Net transactions value
-$364,228
Form type
4
Filing time
29 May 2024, 18:39:52 UTC
Previous filing
18 Apr 2024
Next filing
27 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +66,580 +27% 314,279 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $364,228 -26,586 -8.5% $13.70 287,693 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 -66,580 -12% $0.000000 466,066 25 May 2024 Common Stock 66,580 Direct F1, F2
* 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 The reporting person vested into 266,323 RSUs on February 25, 2023, and then 1/12th of the remaining shares vest quarterly thereafter, with 100% of the total shares vested on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.