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Remitly Global, Inc. — Director's Dealing 2021
Sep 23, 2021
31284_dirs_2021-09-22_352788ea-8d9b-4ceb-a223-5ce739b93b10.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Remitly Global, Inc. (RELY)
CIK: 0001782170
Period of Report: 2021-09-22
Reporting Person: Chung Bora (Director)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units (RSUs) | $ | 2027-12-14 | Common Stock (92941) | Direct |
Footnotes
F1: 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 will be satisfied as to 1/4th of the total shares underlying the RSUs on November 25, 2021 and then 1/16th of the total number of shares vest quarterly on each February 25, May 25, August 25 and November 25 thereafter, with 100% of the total shares underlying the RSUs vested on November 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F2: Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.