Pankaj Sharma - 25 Nov 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 Nov 2024
Net transactions value
-$311,245
Form type
4
Filing time
27 Nov 2024, 16:13:53 UTC
Previous filing
07 Nov 2024
Next filing
26 Feb 2025
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 +5% 159,206 25 Nov 2024 Direct F1, F2
transaction RELY Common Stock Tax liability $65,140 -3,096 -1.9% $21.04 156,110 25 Nov 2024 Direct
transaction RELY Common Stock Options Exercise +22,143 +14% 178,253 25 Nov 2024 Direct F1, F2
transaction RELY Common Stock Tax liability $204,025 -9,697 -5.4% $21.04 168,556 25 Nov 2024 Direct
transaction RELY Common Stock Sale $42,080 -2,000 -1.2% $21.04 166,556 25 Nov 2024 Direct 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 -7,630 -50% $0.000000 7,629 25 Nov 2024 Common Stock 7,630 Direct F2, F4
transaction RELY Restricted Stock Units (RSUs) Options Exercise $0 -22,143 -50% $0.000000 22,144 25 Nov 2024 Common Stock 22,143 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects the vesting of RSUs.
F2 Each RSU represents a contingent right to receive one share of the issuer's Common Stock upon settlement.
F3 This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 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.
F5 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.