Gail A. Miller - Aug 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
Aug 25, 2024
Transactions value $
-$25,962
Form type
4
Date filed
8/27/2024, 07:38 PM
Previous 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 +1.54K +10.78% 15.8K Aug 25, 2024 Direct F1, F2
transaction RELY Common Stock Tax liability -$5.83K -423 -2.68% $13.78 15.4K Aug 26, 2024 Direct
transaction RELY Common Stock Options Exercise +5.31K +34.57% 20.7K Aug 25, 2024 Direct F1, F2
transaction RELY Common Stock Tax liability -$20.1K -1.46K -7.06% $13.78 19.2K Aug 26, 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 -1.54K -25.01% $0.00 4.61K Aug 25, 2024 Common Stock 1.54K Direct F2, F3
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -5.31K -5.12% $0.00 98.4K Aug 25, 2024 Common Stock 5.31K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the vesting of RSUs.
F2 Each RSU represents a contingent right to receive one share of the issuer's Common Stock upon settlement.
F3 The RSUs will vest as to 1/4th of the total shares underlying the RSUs on August 25, 2024, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on May 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F4 The RSUs will vest as to 17% of the total shares underlying the RSUs on August 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 August 25, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.