Phillip John Riese - 25 Aug 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
25 Aug 2022
Net transactions value
$0
Form type
4
Filing time
26 Aug 2022, 18:06:56 UTC
Previous filing
01 Aug 2022
Next filing
26 Sep 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 +5,809 +14% 46,471 25 Aug 2022 Direct F1
transaction RELY Common Stock Options Exercise +1,457 +3.1% 47,928 25 Aug 2022 Direct F1

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 -5,809 -7.9% $0.000000 68,055 25 Aug 2022 Common Stock 5,809 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -1,457 -2.1% $0.000000 66,598 25 Aug 2022 Common Stock 1,457 Direct F1, F3
* 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 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 The RSUs vest on the earlier of (1) four equal quarterly installments on August 25, 2022, November 25, 2022, February 25, 2023, and May 25, 2023, formally reported as February 25, 2022, and May 25, 2022, and (2) the issuer's next annual meeting of stockholders following the grant date, subject to the reporting person's provision of service to the issuer through each applicable date.