Rene Yoakum - 11 Nov 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP, Customer and Culture
Signature
/s/ Christie Cho as attorney-in-fact
Issuer symbol
RELY
Transactions as of
11 Nov 2024
Net transactions value
-$263,226
Form type
4
Filing time
13 Nov 2024, 16:52:06 UTC
Previous filing
07 Nov 2024
Next filing
15 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise $6,800 +4,000 +3.3% $1.70 126,522 11 Nov 2024 Direct
transaction RELY Common Stock Sale $80,000 -4,000 -3.2% $20.00 122,522 11 Nov 2024 Direct F1
transaction RELY Common Stock Options Exercise $21,114 +10,557 +8.6% $2.00 133,079 11 Nov 2024 Direct
transaction RELY Common Stock Sale $211,140 -10,557 -7.9% $20.00 122,522 11 Nov 2024 Direct F2

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 Stock Option (right to buy) Options Exercise $0 -4,000 -33% $0.000000 8,234 11 Nov 2024 Common Stock 4,000 $1.70 Direct F3, F4
transaction RELY Stock Option (right to buy) Options Exercise $0 -10,557 -4.7% $0.000000 213,085 11 Nov 2024 Common Stock 10,557 $2.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.03 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.
F2 Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.00 to $20.07 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.
F3 The option vested as to 25% of the total shares on June 25, 2018 and then 2.0833% of the total shares vested monthly thereafter, with 100% of the total shares vested on June 25, 2022, subject to the reporting person's provision of service to the issuer on each vesting date.
F4 The reporting person also holds (i) 297,108 RSUs and (ii) 276,041 stock options that are not reflected on this form.
F5 The option vested as to 25% of the total shares on July 1, 2019 and then 2.0833% of the total shares vested monthly thereafter, with 100% of the total shares vested on July 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date.