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Remitly Global, Inc. — Director's Dealing 2024
Feb 28, 2024
31284_dirs_2024-02-27_f2b68fbd-831c-41bd-bf74-cd2f2f5815b5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Remitly Global, Inc. (RELY)
CIK: 0001782170
Period of Report: 2024-02-25
Reporting Person: Chung Bora (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-25 | Common Stock | M | 5808 | — | Acquired | 86452 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-25 | Restricted Stock Units (RSUs) | $ | M | 5808 | Disposed | Common Stock (5808) | Direct |
Footnotes
F1: Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
F2: 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.