Nigel W. Morris - 04 Mar 2022 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role: Director
Signature: /s/ Saema Somalya as attorney-in-fact
Issuer symbol: RELY
Transactions as of: 04 Mar 2022
Transactions value $: $0
Form type: 4
Filing time: 08 Mar 2022, 18:23:01 UTC
Previous filing: 19 Oct 2021
Next filing: 26 May 2022
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		+3.75K			3.75K	04 Mar 2022	Direct	F1
holding	RELY	Common Stock						1.56M	04 Mar 2022	By QED Fund II, L.P.	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	Restricted Stock Units (RSUs)	Options Exercise	$0	-3.75K	-12.5%	$0.00	26.3K	04 Mar 2022	Common Stock	3.75K		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F2	These securities are held of record by QED Fund II, L.P. ("QED LP"), which is managed by QED Partners II, LLC ("QED LLC"). Nigel Morris, a director of the issuer, is the managing partner of QED LLC and may be deemed to have sole voting and dispositive control over the shares held by QED LP. Mr. Morris disclaims beneficial ownership of the shares held by QED LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3	The settlement of the RSUs was on March 4, 2022. The issuer delayed the settlement of the RSUs pursuant to the terms of the award agreement between the reporting person and the issuer.
F4	The RSUs vest as to 1/16th of the total shares underlying the RSUs on November 25, 2021 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, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.