Joshua Hug - Sep 22, 2021 Form 3 Insider Report for Remitly Global, Inc. (RELY)

Role
Chief Operating Officer, Director
Signature
/s/ Saema Somalya as attorney-in-fact
Stock symbol
RELY
Transactions as of
Sep 22, 2021
Transactions value $
$0
Form type
3
Date filed
9/22/2021, 06:07 PM
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RELY Common Stock 4.16M Sep 22, 2021 Direct
holding RELY Common Stock 300K Sep 22, 2021 By Trust F1

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
holding RELY Stock Option (right to buy) Sep 22, 2021 Common Stock 70K $6.55 Direct F2
holding RELY Stock Option (right to buy) Sep 22, 2021 Common Stock 225K $6.55 Direct F3
holding RELY Stock Option (right to buy) Sep 22, 2021 Common Stock 235K $14.11 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are held by a family trust, of which the reporting person's spouse is the trustee.
F2 The option vested as to 1/24th of the total shares on April 1, 2021 and then 1/24th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F3 The option vests as to 1/11th of the total shares on May 1, 2023 and then 1/11th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2024, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F4 The option vests as to 1/12th of the total shares on April 1, 2024 and then 1/12th of the total shares vest monthly thereafter, with 100% of the total shares vested on March 1, 2025, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY