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

Role
Chief Business Officer
Signature
/s/ Christie Cho as attorney-in-fact
Stock symbol
RELY
Transactions as of
May 25, 2024
Transactions value $
-$191,732
Form type
4
Date filed
5/29/2024, 06:40 PM
Previous filing
Apr 18, 2024
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +7.63K +6.15% 132K May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$49.1K -3.59K -2.72% $13.70 128K May 28, 2024 Direct
transaction RELY Common Stock Options Exercise +22.1K +17.29% 150K May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$143K -10.4K -6.93% $13.70 140K 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 -7.63K -25% $0.00 22.9K May 25, 2024 Common Stock 7.63K Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -22.1K -25% $0.00 66.4K May 25, 2024 Common Stock 22.1K 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 The RSU's vest as to 1/4 of the total shares on May 25, 2024 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 The RSU's vest as to 1/6 of the total shares on November 25, 2023 and then 1/6 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.