SEC Filing | Remitly Global, Inc

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stripes Holdings, LLC

(Last)

(First)

(Middle)

402 WEST 13TH STREET, 4TH FLOOR

(Street)

NEW YORK

10014

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Remitly Global, Inc. [ RELY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/27/2021		C		35,895	A	⁽¹⁾	150,752	I	See Footnote⁽²⁾
Common Stock	09/27/2021		C		749,298	A	⁽¹⁾	900,050	I	See Footnote⁽²⁾
Common Stock	09/27/2021		C		14,786,424	A	⁽¹⁾	15,686,474	I	See Footnote⁽²⁾
Common Stock	09/27/2021		C		2,110,038	A	⁽¹⁾	17,796,512	I	See Footnote⁽²⁾
Common Stock	09/27/2021		C		335,762	A	⁽¹⁾	18,132,274	I	See Footnote⁽²⁾
Common Stock	09/27/2021		C		475,179	A	⁽¹⁾	18,607,453	I	See Footnote⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series Seed Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			38,895	⁽¹⁾	⁽¹⁾	Common Stock	35,895	$0	0	I	See Footnote⁽²⁾
Series A Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			749,298	⁽¹⁾	⁽¹⁾	Common Stock	749,298	$0	0	I	See Footnote⁽²⁾
Series C Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			14,786,424	⁽¹⁾	⁽¹⁾	Common Stock	14,786,424	$0	0	I	See Footnote⁽²⁾
Series D Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			2,110,038	⁽¹⁾	⁽¹⁾	Common Stock	2,110,038	$0	0	I	See Footnote⁽²⁾
Series E Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			335,762	⁽¹⁾	⁽¹⁾	Common Stock	335,762	$0	0	I	See Footnote⁽²⁾
Series F Convertible Preferred Stock	⁽¹⁾	09/27/2021		C			475,179	⁽¹⁾	⁽¹⁾	Common Stock	475,179	$0	0	I	See Footnote⁽²⁾

1. Name and Address of Reporting Person^*

Stripes Holdings, LLC

(Last)

(First)

(Middle)

402 WEST 13TH STREET, 4TH FLOOR

(Street)

NEW YORK

10014

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FOX KENNETH A

(Last)

(First)

(Middle)

402 WEST 13TH STREET, 4TH FLOOR

(Street)

NEW YORK

10014

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Stripes GP III, LLC

(Last)

(First)

(Middle)

402 WEST 13TH STREET

(Street)

NEW YORK

10014

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Stripes III, LP

(Last)

(First)

(Middle)

402 WEST 13TH STREET, 4TH FLOOR

(Street)

NEW YORK

10014

(City)

(State)

(Zip)

Explanation of Responses:

1. 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.

2. See Exhibit 99.1.

	see signatures attached as Exhibit 99.2	09/29/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Exhibit 99.1

Stripes III, LP ("Stripes LP") holds securities of the Issuer. Stripes GP III, LLC ("Stripes GP") serves as the general partner of Stripes LP. Stripes Holdings, LLC ("Stripes Holdings") is the managing member of Stripes GP. Kenneth A. Fox is the managing member of Stripes Holdings.

Each of the entities listed above, other than Stripes LP, and Mr. Fox, disclaims beneficial ownership of any shares of the Issuer's common stock owned of record by Stripes LP, except to the extent of any pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Exhibit 99.2

This Statement on Form 4 is filed by: (i) Stripes III, LP; (ii) Stripes GP III, LLC; (iii) Stripes Holdings, LLC; and (iv) Kenneth A. Fox.

Name of Designated Filer: Stripes Holdings, LLC

Date of Event Requiring Statement: September 27, 2021

Issuer Name and Ticker or Trading Symbol: Remitly Global, Inc. [RELY]

STRIPES III, LP

By: Stripes GP III, LLC,

its general partner

By: Stripes Holdings, LLC,

its managing member

By: /s/ Wayne Marino, as attorney-in-fact

Kenneth A. Fox

Managing Member

STRIPES GP III, LLC

By: Stripes Holdings, LLC,

its managing member

By: /s/ Wayne Marino, as attorney-in-fact

Kenneth A. Fox

Managing Member

STRIPES HOLDINGS, LLC

By: /s/ Wayne Marino, as attorney-in-fact

Kenneth A. Fox

Managing Member

KENNETH A. FOX

/s/ Wayne Marino, as attorney-in-fact