Rene Yoakum - 21 Sep 2022 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP, Customer and Culture
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
21 Sep 2022
Net transactions value
$0
Form type
3
Filing time
03 Oct 2022, 19:23:41 UTC
Next filing
15 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 6,257 21 Sep 2022 Direct

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 Restricted Stock Units (RSUs) 21 Sep 2022 Common Stock 21,523 Direct F1, F2
holding RELY Restricted Stock Units (RSUs) 21 Sep 2022 Common Stock 11,124 Direct F2, F3
holding RELY Restricted Stock Units (RSUs) 21 Sep 2022 Common Stock 26,198 Direct F2, F4
holding RELY Restricted Stock Units (RSUs) 21 Sep 2022 Common Stock 46,667 Direct F2, F5
holding RELY Stock Option (right to buy) 21 Sep 2022 Common Stock 199,218 $1.70 Direct F6
holding RELY Stock Option (right to buy) 21 Sep 2022 Common Stock 250,000 $2.00 Direct F7
holding RELY Stock Option (right to buy) 21 Sep 2022 Common Stock 83,333 $6.55 Direct F8
holding RELY Stock Option (right to buy) 21 Sep 2022 Common Stock 67,708 $6.55 Direct F9
holding RELY Stock Option (right to buy) 21 Sep 2022 Common Stock 125,000 $14.11 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs vested as to 1/4th of the total shares underlying the RSUs on August 25, 2022 and then 1/4th of the total shares vest on November 25, 2022, February 25, 2023, and May 25, 2023, with 100% of the total shares underlying the RSUs vested on May 25, 2023, subject to the reporting person's provision of service to the issuer on each vesting date.
F2 Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F3 On April 25, 2022, the reporting person was granted 11,124 RSUs of which 100% of the total shares underlying the RSUs will vest on August 25, 2023, subject to the reporting person's provision of service to the issuer through this date.
F4 The RSUs vest as to 1/2 of the total shares underlying the RSUs on November 25, 2023 and then 1/2 of the total shares will vest on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F5 The RSUs vest as to 1/4th of the total shares underlying the RSUs on May 25, 2024 and then 1/4th of the total shares vest on August 25, 2024, November 25, 2024, and February 25, 2025, with 100% of the total shares underlying the RSUs vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F6 The option vested as to 1/4th of the total shares on June 25, 2019 and then 1/48th of the total shares vest monthly thereafter, with 100% of the total shares vested on June 25, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F7 The option vested as to 1/4th of the total shares on July 1, 2020 and then 1/48th of the total shares vest monthly thereafter, with 100% of the total shares vested on July 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F8 The option vests as to 1/8th of the total shares on August 1, 2023 and then 1/8th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2024, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F9 The option vested as to 1/13th of the total shares on July 1, 2022 and then 1/13th of the total shares vest monthly thereafter, with 100% of the total shares vested on July 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F10 The option vests as to 1/12th of the total shares on April 1, 2024 and then 1/12th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2025, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY