AI assistant
Remitly Global, Inc. — Director's Dealing 2021
Sep 23, 2021
31284_dirs_2021-09-22_cef54410-6e82-4f47-97d4-18efa34e97cb.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Remitly Global, Inc. (RELY)
CIK: 0001782170
Period of Report: 2021-09-22
Reporting Person: MORRIS NIGEL W (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 345000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units (RSUs) | $ | 2031-08-12 | Common Stock (30000) | Direct | |
| Stock Option (right to buy) | $0.17 | 2024-04-24 | Common Stock (150000) | Indirect | |
| Series A Preferred Stock | $ | Common Stock (1348840) | Indirect | ||
| Series B Preferred Stock | $ | Common Stock (851788) | Indirect | ||
| Series C Preferred Stock | $ | Common Stock (733912) | Indirect |
Footnotes
F1: 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.
F2: 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.
F3: Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F4: The option is fully vested and exercisable.
F5: 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 will automatically convert into one (1) share of the issuer's Common Stock immediately upon the closing of the issuer's initial public offering, and has no expiration date.