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Filing Details

Accession Number:: 0001209191-21-057815
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-27 17:25:15
Reporting Period:: 2021-09-27

Accepted Time:: 2021-09-27 17:25:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1782170	Remitly Global Inc.	RELY	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1238040	W Nigel Morris	C/O Remitly Global, Inc. 1111 3Rd Ave., 21St Floor Seattle WA 98101		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-09-27	1,348,840	$0.00	1,693,840	No	4	C	Indirect	By QED Fund II, L.P.
Common Stock	Acquisiton	2021-09-27	851,788	$0.00	2,545,628	No	4	C	Indirect	By QED Fund II, L.P.
Common Stock	Acquisiton	2021-09-27	733,912	$0.00	3,279,540	No	4	C	Indirect	By QED Fund II, L.P.
Common Stock	Disposition	2021-09-27	1,715,000	$43.00	1,564,540	No	4	S	Indirect	By QED Fund II, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By QED Fund II, L.P.
No	4	C	Indirect	By QED Fund II, L.P.
No	4	C	Indirect	By QED Fund II, L.P.
No	4	S	Indirect	By QED Fund II, L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2021-09-27	1,348,840	$0.00	1,348,840	$0.00
Common Stock	Series B Preferred Stock	Disposition	2021-09-27	851,788	$0.00	851,788	$0.00
Common Stock	Series C Preferred Stock	Disposition	2021-09-27	733,912	$0.00	733,912	$0.00
Common Stock	Restricted Stock Units (RSUs)	Acquisiton	2021-08-12	30,000	$0.00	30,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
30,000	2031-08-12	No	4	A	Direct

Footnotes

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 automatically converted into one (1) share of the issuer's Common Stock on September 27, 2021 in connection with the closing of the issuer's sale of its Common Stock in its firm commitment initial public offering pursuant to a registration statement on Form S-1 (File No. 333-259167) under the Securities Act of 1933, as amended, and had no expiration date.
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.
Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.
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.