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

Role
Chief Business Officer
Signature
/s/ Christie Cho as attorney-in-fact
Issuer symbol
RELY
Transactions as of
25 May 2024
Net transactions value
-$191,732
Form type
4
Filing time
29 May 2024, 18:40:54 UTC
Previous filing
18 Apr 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 +7,630 +6.2% 131,649 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $49,142 -3,587 -2.7% $13.70 128,062 28 May 2024 Direct
transaction RELY Common Stock Options Exercise +22,144 +17% 150,206 25 May 2024 Direct F1
transaction RELY Common Stock Tax liability $142,590 -10,408 -6.9% $13.70 139,798 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 -7,630 -25% $0.000000 22,888 25 May 2024 Common Stock 7,630 Direct F1, F2
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -22,144 -25% $0.000000 66,430 25 May 2024 Common Stock 22,144 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 RSU's vest as to 1/4 of the total shares on May 25, 2024 and then 1/4 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 1/6 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.