Form 4 for RELY Remitly Global, Inc.
Accepted 2023-04-17 00:00:00 ET · period of report 2023-04-13 · accession 0001782170-23-000049 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-04-17 | 2023-04-13 | RELY | MORRIS NIGEL W | Dir | M - OptEx | $0.17 | +150.0K | 1.71M | +10% | +$25.5K |
| DI | 2023-04-17 | 2023-04-13 | RELY | MORRIS NIGEL W | Dir | M - OptEx | $0.00 | -150.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-04-13 | M | A | 150,000 | $0.17 | 1,714,540 | I By QED Fund II, L.P. | — | — | (F1) QED Fund II, L.P. ("QED LP") paid the exercise price and exercised options to purchase a total of 150,000 shares of the company's common stock. These shares have not been sold and are being held by QED LP. (F2) These securities are held of record by QED LP, which is managed by QED Partners II, LLC ("QED LLC"). Nigel Morris, a director of the issuer, is the managing partner of QED LLC and may be deemed to have sole voting and dispositive control over the shares held by QED LP. Mr. Morris disclaims beneficial ownership of the shares held by QED LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. |
| 2 | Derivative | Stock Option (right to buy) | 2023-04-13 | M | D | 150,000 | $0.00 | 0 | I By QED Fund II, L.P. | $0.17 · — to 2024-04-24 | 150,000 Common Stock | (F2) These securities are held of record by QED LP, which is managed by QED Partners II, LLC ("QED LLC"). Nigel Morris, a director of the issuer, is the managing partner of QED LLC and may be deemed to have sole voting and dispositive control over the shares held by QED LP. Mr. Morris disclaims beneficial ownership of the shares held by QED LP, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. (F3) The option was fully vested and exercisable. |