Form 4 for RELY Remitly Global, Inc.

Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-04 · accession 0001782170-22-000033 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-03-08	2022-03-04	RELY	Chung Bora	Dir	M - OptEx	—	+29.0K	29.0K	New	—
D	2022-03-08	2022-03-04	RELY	Chung Bora	Dir	M - OptEx	$0.00	-29.0K	63.9K	-31%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-03-04	M	A	29,044	—	29,044	D	—	—	(F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
2	Derivative	Restricted Stock Units (RSUs)	2022-03-04	M	D	29,044	$0.00	63,897	D	— · — to 2027-12-14	29,044 Common Stock	(F2) The settlement of the RSUs was on March 4, 2022. The issuer delayed the settlement of the RSUs pursuant to the terms of the award agreement between the reporting person and the issuer. (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. (F3) The RSUs were granted with both (a) a liquidity event-based vesting condition and (b) a service-based vesting condition, both of which must be satisfied in order for the RSUs to vest. The liquidity event-based vesting event was satisfied on September 22, 2021, the effective date of the issuer's initial public offering. The service-based vesting event will be satisfied as to 1/4th of the total shares underlying the RSUs on November 25, 2021 and then 1/16th of the total number of shares vest quarterly on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on November 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.