Rene Yoakum - 25 Feb 2023 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 Feb 2023
Transactions value $
$-30,196
Form type
4
Filing time
28 Feb 2023, 18:03:51 UTC
Previous filing
29 Nov 2022
Next filing
02 May 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 +7,174 +2508% 7,460 25 Feb 2023 Direct F1
transaction RELY Common Stock Tax liability $-30,196 -2,128 -28.5% $14.19 5,332 25 Feb 2023 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
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -7,174 -50% $0.000000 7,174 25 Feb 2023 Common Stock 7,174 Direct F1, F2
* 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 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.