Filing Details
- Accession Number:
- 0001782170-24-000156
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-29 18:42:51
- Reporting Period:
- 2024-05-25
- Accepted Time:
- 2024-05-29 18:42:51
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1782170 | Remitly Global Inc. | RELY | Services-Business Services, Nec (7389) | 832301143 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1880864 | Joshua Hug | C/O Remitly Global, Inc. 1111 3Rd Ave., 21St Floor Seattle WA 98101 | Vice Chair | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-05-25 | 8,977 | $0.00 | 3,882,608 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-05-28 | 3,533 | $13.70 | 3,879,075 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-05-25 | 27,625 | $0.00 | 3,906,700 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-05-28 | 6,830 | $13.70 | 3,899,870 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2024-05-29 | 26,239 | $13.23 | 3,873,631 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units (RSUs) | Disposition | 2024-05-25 | 8,977 | $0.00 | 8,977 | $0.00 |
| Common Stock | Restricted Stock Units (RSUs) | Disposition | 2024-05-25 | 27,625 | $0.00 | 27,625 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 26,931 | No | 4 | M | Direct | ||
| 82,875 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 300,000 | Indirect | By Trust |
Footnotes
- Each RSU represents a contingent right to receive one share of the issuer's Common Stock upon settlement.
- This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $13.12 to $13.33 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- The securities are held by a family trust, of which the reporting person's spouse is the trustee.
- The RSUs will vest as to 1/4th of the total shares underlying the RSUs on May 25, 2024, and then 1/4th of the total shares vest quarterly, with 100% of the total shares underlying the RSUs vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
- On May 23, 2022, the reporting person was granted 262,445 RSUs that vest as follows: 10,109 shares on May 25, 2022, 10,109 shares on August 25, 2022, 10,110 on November 25, 2022, 10,110 shares on February 25, 2023, 24,115 shares on May 25, 2023, 29,130 shares on August 25, 2023, 29,131 shares on November 25, 2023, 29,131 shares on February 25, 2024, 27,625 shares on May 25, 2024, 27,625 shares on August 25, 2024, 27,625 shares on November 25,2024, and 27,625 shares on February 25, 2025 with 100% of the total shares vested on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
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