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

Role
Vice Chair, Director
Signature
/s/ Christie Cho as attorney-in-fact
Stock symbol
RELY
Transactions as of
May 25, 2024
Transactions value $
-$488,986
Form type
4
Date filed
5/29/2024, 06:42 PM
Previous filing
Apr 11, 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 +8.98K +0.23% 3.88M May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$48.4K -3.53K -0.09% $13.70 3.88M May 28, 2024 Direct
transaction RELY Common Stock Options Exercise +27.6K +0.71% 3.91M May 25, 2024 Direct F1
transaction RELY Common Stock Tax liability -$93.6K -6.83K -0.17% $13.70 3.9M May 28, 2024 Direct
transaction RELY Common Stock Sale -$347K -26.2K -0.67% $13.23 3.87M May 29, 2024 Direct F2, F3
holding RELY Common Stock 300K May 25, 2024 By Trust F4

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 -8.98K -25% $0.00 26.9K May 25, 2024 Common Stock 8.98K Direct F1, F5
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -27.6K -25% $0.00 82.9K May 25, 2024 Common Stock 27.6K Direct F1, F6
* 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 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Weighted average price. These shares were sold in multiple transactions at prices ranging from $13.12 to $13.33 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.
F5 The RSUs will vest as to 1/4th of the total shares underlying the RSUs on May 25, 2024, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F6 On May 23, 2022, the reporting person was granted 262,445 RSUs that vest as follows: 10,109 shares on May 25, 2022, 10,109 shares on August 25, 2022, 10,110 on November 25, 2022, 10,110 shares on February 25, 2023, 24,115 shares on May 25, 2023, 29,130 shares on August 25, 2023, 29,131 shares on November 25, 2023, 29,131 shares on February 25, 2024, 27,625 shares on May 25, 2024, 27,625 shares on August 25, 2024, 27,625 shares on November 25,2024, and 27,625 shares on February 25, 2025 with 100% of the total shares vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.