Pankaj Sharma - 25 Feb 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Business Officer
Signature
/s/ Saema Somalya as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 Feb 2024
Net transactions value
-$355,046
Form type
4
Filing time
27 Feb 2024, 20:23:42 UTC
Previous filing
28 Nov 2023
Next filing
07 Mar 2024
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 +22,143 +21% 129,225 25 Feb 2024 Direct F1
transaction RELY Common Stock Tax liability $220,025 -10,408 -8.1% $21.14 118,817 26 Feb 2024 Direct
transaction RELY Common Stock Options Exercise +13,589 +11% 132,406 25 Feb 2024 Direct F1
transaction RELY Common Stock Tax liability $135,021 -6,387 -4.8% $21.14 126,019 26 Feb 2024 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 -22,143 -20% $0.000000 88,574 25 Feb 2024 Common Stock 22,143 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -13,589 -100% $0.000000* 0 25 Feb 2024 Common Stock 13,589 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 RSU's vest as to 1/6 of the total shares on November 25, 2023 and then 1/6 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F3 The RSU's vest as to 1/4 of the total shares on May 25, 2023 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.