Form 4 for RELY Remitly Global, Inc.
Accepted 2023-05-30 00:00:00 ET · period of report 2023-05-25 · accession 0001782170-23-000082 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-05-30 | 2023-05-25 | RELY | Riese Phillip John | Dir | M - OptEx | — | +7,265 | 69.7K | +12% | — |
| DM | 2023-05-30 | 2023-05-25 | RELY | Riese Phillip John | Dir | M - OptEx | $0.00 | -7,265 | 29.0K | -20% | $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 | 2023-05-25 | M | A | 5,809 | — | 68,267 | D | — | — | (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. |
| 2 | Common | Common Stock | 2023-05-25 | M | A | 1,456 | — | 69,723 | D | — | — | (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. |
| 3 | Derivative | Restricted Stock Units (RSUs) | 2023-05-25 | M | D | 1,456 | $0.00 | 0 | D | — · — to — | 1,456 Common Stock | (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. (F3) The RSUs vest on the earlier of (1) four equal quarterly installments on August 25, 2022, November 25, 2022, February 25, 2023, and May 25, 2023, formally reported as February 25, 2022, and May 25, 2022, and (2) the issuer's next annual meeting of stockholders following the grant date, subject to the reporting person's provision of service to the issuer through each applicable date. |
| 4 | Derivative | Restricted Stock Units (RSUs) | 2023-05-25 | M | D | 5,809 | $0.00 | 29,044 | D | — · — to — | 5,809 Common Stock | (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement. (F2) 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 was satisfied as to 1/16th of the total shares underlying the RSUs on November 25, 2020 and then 1/16th of the total shares vest on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on August 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date. |