SEC Filing | Remitly Global, Inc

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SEC FORM 3 SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Sharma Pankaj

(Last)

(First)

(Middle)

C/O REMITLY GLOBAL, INC.

1111 3RD AVE., 21ST FLOOR

(Street)

SEATTLE

98101

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2023

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

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	90,856	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	⁽¹⁾	02/02/2028	Common Stock	7,500	1.7	D
Stock Option (right to buy)	⁽²⁾	08/31/2028	Common Stock	32,500	1.7	D
Stock Option (right to buy)	⁽³⁾	12/30/2029	Common Stock	1,000	2.51	D
Stock Option (right to buy)	⁽⁴⁾	04/22/2030	Common Stock	5,833	2	D
Stock Option (right to buy)	⁽⁵⁾	04/22/2030	Common Stock	11,667	2	D
Stock Option (right to buy)	⁽⁶⁾	04/22/2031	Common Stock	39,999	6.55	D
Stock Option (right to buy)	⁽⁷⁾	04/22/2031	Common Stock	80,000	6.55	D
Restricted Stock Units (RSUs)	⁽⁸⁾	04/25/2032	Common Stock	132,861	⁽⁹⁾	D
Restricted Stock Units (RSUs)	⁽¹⁰⁾	04/29/2033	Common Stock	27,179	⁽⁹⁾	D
Restricted Stock Units (RSUs)	⁽¹¹⁾	04/29/2033	Common Stock	30,518	⁽⁹⁾	D
Restricted Stock Units (RSUs)	⁽¹²⁾	04/29/2033	Common Stock	124,994	⁽⁹⁾	D

Explanation of Responses:

1. The option vested as to 25% of the total shares on August 29, 2019 and then 1/48th of the total shares vested monthly thereafter, with 100% of the total shares vested on January 29, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

2. The option vested as to 1/48th of the total shares on September 13, 2018 and then 1/48th of the total shares vested monthly thereafter, with 100% of the total shares vested on August 13, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.`

3. The option became fully vested and exercisable on October 30, 2019.

4. The option vested as to 1/7th of the total shares on February 1, 2022, and then 1/7th of the total shares vested monthly thereafter, with 100% of the total shares vested on August 1, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

5. The option vested as to 1/7th of the total shares on September 1, 2022, and then 1/7th of the total shares vested monthly thereafter, with 100% of the total shares vested on March 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

6. The option vested as to 1/24th of the total shares on April 1, 2021 and then 1/24th of the total shares vested monthly thereafter, with 100% of the total shares vesting on March 1, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

7. The option vested as to 1/24th of the total shares on April 1, 2023 and then 1/24th of the total shares vested monthly thereafter, with 100% of the total shares vesting on March 1, 2025, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

8. The RSU's vest as to 1/6 of the total shares on November 25, 2023 and then 1/6 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.

9. Each RSU represents a contingent right to receive one (1) share of the issuer's Common Stock upon settlement.

10. The RSU's vested as to 1/4 of the total shares on May 25, 2023 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

11. The RSU's vest as to 1/4 of the total shares on May 25, 2024 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.

12. The RSU's vest as to 1/4 of the total shares on May 25, 2025 and then 1/4 of the total shares vesting quarterly thereafter, with 100% of the total shares vesting on February 25, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

Remarks:

EXHIBIT 24: POWER OF ATTORNEY

	/s/ Saema Somalya as attorney-in-fact	11/27/2023
	** 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 5 (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.

pankajsharmapoaconformed

SECTION 16 POWER OF ATTORNEY I, Pankaj Sharma, do hereby constitute and appoint each of Saema Somalya, Robert Moore, Mallory Boulter, and Jered Fahey, my true and lawful attorneys-in-fact, either of whom acting singly is hereby authorized, for me and in my name and on my behalf as a director, officer and/or shareholder of Remitly Global, Inc. to (i) prepare, execute in my name and on my behalf, and submit to the U.S. Securities and Exchange Commission (the SEC) a Form ID, including any necessary amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling me to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC in respect thereof; and (ii) prepare, execute and file any and all forms, instruments or documents, including any necessary amendments thereto, as such attorneys or attorney deems necessary or advisable to enable me to comply with Section 16 of the Securities Exchange Act of 1934 or any rule or regulation of the SEC in respect thereof (collectively, Section 16). I do hereby ratify and confirm all acts my said attorney shall do or cause to be done by virtue hereof. I acknowledge that the foregoing attorneys-in-fact, serving in such capacity at my request, are not assuming, nor is Remitly Global, Inc. assuming, any of my responsibilities to comply with Section 16. This power of attorney shall remain in full force and effect until it is revoked by the undersigned in a signed writing delivered to each such attorney-in-fact or the undersigned is no longer required to comply with Section 16, whichever occurs first. WITNESS the execution hereof this 31st day of October, 2023. /s/ Pankaj Sharma ___________________________________________ Name: Pankaj Sharma