Remitly Global, Inc. — Director's Dealing 2021

Sep 29, 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: NASPERS LTD (10% Owner)
Reporting Person: PayU Fintech Investments B.V. (10% Owner)
Reporting Person: Prosus N.V. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-27	Common Stock	C	36745350	—	Acquired	36760350	Indirect
2021-09-27	Common Stock	P	581395	$43.00	Acquired	37341745	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-27	Series Seed Prime Convertible Preferred Stock	$	C	71621	Disposed		Common Stock (71621)	Indirect
2021-09-27	Series A Convertible Preferred Stock	$	C	1262230	Disposed		Common Stock (1262230)	Indirect
2021-09-27	Series C Convertible Preferred Stock	$	C	1616743	Disposed		Common Stock (1616743)	Indirect
2021-09-27	Series D Convertible Preferred Stock	$	C	26375481	Disposed		Common Stock (26375481)	Indirect
2021-09-27	Series E Convertible Preferred Stock	$	C	1678810	Disposed		Common Stock (1678810)	Indirect
2021-09-27	Series F Convertible Preferred Stock	$	C	5740465	Disposed		Common Stock (5740465)	Indirect

Footnotes

F1: The total represents shares received upon conversion of shares of Series Seed Prime Convertible Preferred Stock, Series A Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Convertible Preferred Stock, Series E Convertible Preferred Stock and Series F Convertible Preferred Stock.

F2: The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering without payment of further consideration. The shares have no expiration date.

F3: Represents shares directly held by PayU Fintech Investments B.V. ("PayU") and indirectly held by Prosus N.V. and Naspers Ltd. PayU is a subsidiary of MIH Fintech Holdings B.V., which in turn is a subsidiary of MIH e-Commerce Holdings B.V., which in turn is a subsidiary of MIH Internet Holdings B.V., which is in turn a subsidiary of Prosus N.V., which is an indirect, majority-owned subsidiary of Naspers Ltd. PayU is controlled by Prosus N.V. and Naspers Ltd., which share voting and dispositive control over the shares held by PayU.

F4: (Continued from Footnote 3) Naspers Ltd. employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk ("Nasbel") and Keeromstraat 30 Beleggings (RF) Beperk ("Keerom"), the sole remit of which is to protect the continued independence of Naspers Ltd. Each of Nasbel and Keerom disclaims beneficial ownership of all shares of Common Stock owned by the Reporting Persons, except to the extent of their respective pecuniary interest therein. Laurent Le Moal, a member of board of directors of the Issuer, is the Chief Executive Officer of PayU, but has no voting or dispositive control over the shares held by PayU.

F5: Represents shares of Common Stock purchased from the Issuer in a private placement that closed immediately following the Issuer's initial public offering.