Remitly Global, Inc. — Director's Dealing 2021

Sep 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Remitly Global, Inc. (RELY)
CIK: 0001782170
Period of Report: 2021-09-27

Reporting Person: MORRIS NIGEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-27	Common Stock	C	1348840	—	Acquired	1693840	Indirect
2021-09-27	Common Stock	C	851788	—	Acquired	2545628	Indirect
2021-09-27	Common Stock	C	733912	—	Acquired	3279540	Indirect
2021-09-27	Common Stock	S	1715000	$43.00	Disposed	1564540	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-27	Series A Preferred Stock	$	C	1348840	Disposed		Common Stock (1348840)	Indirect
2021-09-27	Series B Preferred Stock	$	C	851788	Disposed		Common Stock (851788)	Indirect
2021-09-27	Series C Preferred Stock	$	C	733912	Disposed		Common Stock (733912)	Indirect
2021-08-12	Restricted Stock Units (RSUs)	$	A	30000	Acquired	2031-08-12	Common Stock (30000)	Direct

Footnotes

F1: Each share of the issuer's Series Seed, Series Seed Prime, Series A, Series B, Series C, Series D, Series E and Series F Preferred Stock automatically converted into one (1) share of the issuer's Common Stock on September 27, 2021 in connection with the closing of the issuer's sale of its Common Stock in its firm commitment initial public offering pursuant to a registration statement on Form S-1 (File No. 333-259167) under the Securities Act of 1933, as amended, and had no expiration date.

F2: These securities are held of record by QED Fund II, L.P. ("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: Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.

F4: The RSUs vest as to 1/16th of the total shares underlying the RSUs on November 25, 2021 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, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.