Remitly Global, Inc. — Director's Dealing 2021

Sep 23, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Remitly Global, Inc. (RELY)
CIK: 0001782170
Period of Report: 2021-09-22

Reporting Person: NASPERS LTD (10% Owner)
Reporting Person: Prosus N.V. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series Seed Prime Convertible Preferred Stock	$		Common Stock (71621)		Indirect
Series A Convertible Preferred Stock	$		Common Stock (1262230)		Indirect
Series C Convertible Preferred Stock	$		Common Stock (1616743)		Indirect
Series D Convertible Preferred Stock	$		Common Stock (26375481)		Indirect
Series E Convertible Preferred Stock	$		Common Stock (1678810)		Indirect
Series F Convertible Preferred Stock	$		Common Stock (5740465)		Indirect

Footnotes

F1: 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. 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.

F2: (Continued from Footnote 1) 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.

F3: The reported security is convertible into the Issuer's Common Stock on a 1-for-1 basis at any time at the holder's election and shall automatically convert into Common Stock immediately prior to the closing of the Issuer's initial public offering without payment of further consideration. The shares have no expiration date.