Rene Yoakum - 25 Nov 2022 Form 4 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
25 Nov 2022
Net transactions value
-$72,781
Form type
4
Filing time
29 Nov 2022, 20:09:05 UTC
Previous filing
15 Nov 2022
Next filing
28 Feb 2023
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 +7,175 +2509% 7,461 25 Nov 2022 Direct F1
transaction RELY Common Stock Tax liability $18,826 -1,748 -23% $10.77 5,713 25 Nov 2022 Direct
transaction RELY Common Stock Sale $53,955 -5,427 -95% $9.94 286 29 Nov 2022 Direct F2, 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 -7,175 -33% $0.000000 14,348 25 Nov 2022 Common Stock 7,175 Direct F1, 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 Weighted average price. These shares were sold in multiple transactions at prices ranging from $9.9300 to $10.0000 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.
F3 The reporting person holds (i) 83,989 RSUs and (ii) 776,041 stock options of which 433,593 stock options are vested and exercisable that are not reflected on this form.
F4 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.