Ankur Sinha - Nov 25, 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Signature
/s/ Christie Cho as attorney-in-fact
Stock symbol
RELY
Transactions as of
Nov 25, 2024
Transactions value $
-$754,499
Form type
4
Date filed
11/27/2024, 04:13 PM
Previous filing
Nov 22, 2024
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELY Common Stock Options Exercise +66.6K +20.39% 393K Nov 25, 2024 Direct F1, F2
transaction RELY Common Stock Tax liability -$559K -26.6K -6.76% $21.04 367K Nov 25, 2024 Direct
transaction RELY Common Stock Sale -$195K -9.5K -2.59% $20.54 357K Nov 25, 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 -66.6K -16.67% $0.00 333K Nov 25, 2024 Common Stock 66.6K 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.