Rene Yoakum - 25 May 2024 Form 4 Insider Report for Remitly Global, Inc. (RELY)

Role
EVP, Customer and Culture
Signature
/s/ Christie Cho as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 May 2024
Net transactions value
-$183,936
Form type
4
Filing time
29 May 2024, 18:37:22 UTC
Previous filing
17 May 2024
Next filing
27 Aug 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 +11,667 +14% 92,804 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $62,897 -4,591 -4.9% $13.70 88,213 28 May 2024 Direct
transaction RELY Common Stock Options Exercise +22,451 +25% 110,664 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $121,040 -8,835 -8% $13.70 101,829 28 May 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 -11,667 -25% $0.000000 35,000 25 May 2024 Common Stock 11,667 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -22,451 -25% $0.000000 67,354 25 May 2024 Common Stock 22,451 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 share of the issuer's Common Stock upon settlement.
F2 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.
F3 The RSUs will 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 quarterly, 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.