Phillip John Riese - 22 Sep 2021 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
Director
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
22 Sep 2021
Transactions value $
$0
Form type
3
Filing time
22 Sep 2021, 18:22:23 UTC
Previous filing
04 Jun 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

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
holding RELY Stock Option (right to buy) 22 Sep 2021 Common Stock 500,000 $0.6400 Direct F1
holding RELY Restricted Stock Units (RSUs) 22 Sep 2021 Common Stock 92,941 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is fully vested and exercisable.
F2 The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which must be satisfied in order for the RSUs to vest. The liquidity event-based vesting event was satisfied on September 22, 2021 the effective date of the issuer's initial public offering. The service-based vesting event was satisfied as to 1/16th of the total shares underlying the RSUs on November 25, 2020 and then 1/16th of the total shares vest on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY