Ankur Sinha - 25 Nov 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 Nov 2024
Net transactions value
-$754,499
Form type
4
Filing time
27 Nov 2024, 16:13:42 UTC
Previous filing
22 Nov 2024
Next filing
10 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +66,581 +20% 393,157 25 Nov 2024 Direct F1, F2
transaction RELY Common Stock Tax liability $559,369 -26,586 -6.8% $21.04 366,571 25 Nov 2024 Direct
transaction RELY Common Stock Sale $195,130 -9,500 -2.6% $20.54 357,071 25 Nov 2024 Direct F3

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 -66,581 -17% $0.000000 332,904 25 Nov 2024 Common Stock 66,581 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 Weighted average price. These shares were sold in multiple transactions at prices ranging from $20.49 to $20.63 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 RSUs vest as to 1/4th of the total shares underlying the RSUs on February 25, 2023, and then 1/16th of the total 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.