• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form S-8 filed by Remitly Global Inc.

    2/19/25 4:23:29 PM ET
    $RELY
    Business Services
    Consumer Discretionary
    Get the next $RELY alert in real time by email
    S-8 1 dp225022_s8.htm FORM S-8

     

    As filed with the Securities and Exchange Commission on February 19, 2025

     

    Registration No. 333-

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM S-8

    REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

     

     

    REMITLY GLOBAL, INC.

    (Exact name of registrant as specified in its charter)

     

     
         
    Delaware   83-2301143

    (State or other jurisdiction

    of incorporation or organization)

     

    (I.R.S. Employer

    Identification No.)

     

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

     

    (Address of Principal Executive Offices) (Zip Code)

     

    Remitly Global, Inc. 2021 Equity Incentive Plan

    Remitly Global, Inc. 2021 Employee Stock Purchase Plan

    (Full titles of the plans)

     

     

     

    Matthew Oppenheimer

    Chief Executive Officer

    Remitly Global, Inc.

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

    (888) 736-4859

    (Name, address, including zip code, and telephone number, including area code, of agent for service)

     

     

     

    Copies to:

    Saema Somalya

    Chief Legal and Corporate Affairs Officer

    Remitly Global, Inc.

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

    (888) 736-4859

     

     

     

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer ☒   Accelerated filer ☐
    Non-accelerated filer ☐   Smaller reporting company ☐
          Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

     

     

     

    REGISTRATION OF ADDITIONAL SHARES

    PURSUANT TO GENERAL INSTRUCTION E

     

    Pursuant to General Instruction E of Form S-8, Remitly Global, Inc. (the “Registrant”) is filing this Registration Statement with the Securities and Exchange Commission (the “Commission”) to register 10,026,731 additional shares of common stock under the Registrant’s 2021 Equity Incentive Plan and 2,005,346 additional shares of common stock under the Registrant’s 2021 Employee Stock Purchase Plan pursuant to the provisions of those plans providing for an automatic annual increase in the number of shares reserved for issuance under such plans. In accordance with the instructional note of Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

     

    PART II

    Information Required in the Registration Statement

     

    Item 3. Incorporation of Documents by Reference.

     

    The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:

     

    a.the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Annual Report”), filed with the Commission on February 19, 2025;

     

    b.all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and

     

    c.the description of the Registrant’s common stock contained in Exhibit 4.3 to the Annual Report, including any amendments or reports filed for the purpose of updating such description.

     

    All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such documents as set forth therein. This Registration Statement hereby incorporates by reference the contents of the Registrant’s previous registration statements on Form S-8 filed with the Commission on September 23, 2021 (Registration No. 333-259737), March 29, 2022 (Registration No. 333-263958), February 28, 2023 (Registration No. 333-270112), and February 23, 2024 (Registration No. 333-277337) to the extent not superseded hereby. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement.

     

     

     

    Item 8. Exhibits.

     

    The following exhibits are filed herewith or incorporated by reference:

     

            Incorporated by Reference  
    Exhibit No.   Exhibit Description   Form   File No.   Exhibit   Filing Date Filed Herewith
    4.1   Amended and Restated Certificate of Incorporation of the Registrant.   10-Q   001-40822   3.3   11/12/2021  
    4.2   Amended and Restated Bylaws.   8-K   001-40822   3.1   3/20/2024  
    4.3   Form of Common Stock Certificate of the Registrant.   S-1/A   333-259167   4.1   09/22/2021  
    5.1   Opinion of Davis Polk & Wardwell LLP.                 X
    23.1   Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm.                 X
    23.2   Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1).                 X
    24.1   Power of Attorney (included on the signature page of this Registration Statement).                 X
    99.1   2021 Equity Incentive Plan, as amended, and forms of award agreements.   10-K   001-40822   10.3   02/23/2024  
    99.2   2021 Employee Stock Purchase Plan, as amended, and form of subscription agreement.   10-K   001-40822   10.4   02/23/2024  
    107.1   Filing Fee Table.                 X
                           

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Act of 1933, as amended the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on this 19th day of February, 2025.

     

     

    REMITLY GLOBAL, INC.

       
      /s/ Matthew Oppenheimer
     

    Matthew Oppenheimer

    Chief Executive Officer

     

     

     

     

    POWER OF ATTORNEY

     

    KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Matthew Oppenheimer, Vikas Mehta, and Gail Miller, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.

     

    /s/ Matthew Oppenheimer   /s/ Vikas Mehta
    Matthew Oppenheimer, Chief Executive Officer and Director   Vikas Mehta, Chief Financial Officer
    (Principal Executive Officer)   (Principal Financial Officer)
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Gail Miller  

    /s/ Ryno Blignaut

    Gail Miller, Chief Accounting Officer   Ryno Blignaut, Director
    (Principal Accounting Officer)   Date: February 19, 2025
    Date: February 19, 2025    
         
    /s/ Phyllis Campbell   /s/ Bora Chung
    Phyllis Campbell, Director   Bora Chung, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Joshua Hug   /s/ Laurent Le Moal
    Joshua Hug, Vice Chair and Director   Laurent Le Moal, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Nigel Morris   /s/ Phillip Riese
    Nigel Morris, Director   Phillip Riese, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Margaret M. Smyth    
    Margaret M. Smyth, Director    
    Date: February 19, 2025    

     

     

     

     

     

    Get the next $RELY alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RELY

    DatePrice TargetRatingAnalyst
    5/8/2025$30.00 → $32.00Buy
    Monness Crespi & Hardt
    10/31/2024$13.00 → $18.00Underweight → Equal Weight
    Wells Fargo
    2/22/2024$24.00 → $28.00Market Perform → Outperform
    BMO Capital Markets
    1/17/2024$16.00Underweight
    Wells Fargo
    12/5/2023$25.00Market Perform
    BMO Capital Markets
    12/1/2023Outperform → Peer Perform
    Wolfe Research
    8/4/2023$28.00Peer Perform → Outperform
    Wolfe Research
    3/27/2023Outperform → Peer Perform
    Wolfe Research
    More analyst ratings

    $RELY
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Monness Crespi & Hardt reiterated coverage on Remitly Global with a new price target

      Monness Crespi & Hardt reiterated coverage of Remitly Global with a rating of Buy and set a new price target of $32.00 from $30.00 previously

      5/8/25 7:31:41 AM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Global upgraded by Wells Fargo with a new price target

      Wells Fargo upgraded Remitly Global from Underweight to Equal Weight and set a new price target of $18.00 from $13.00 previously

      10/31/24 7:50:11 AM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Global upgraded by BMO Capital Markets with a new price target

      BMO Capital Markets upgraded Remitly Global from Market Perform to Outperform and set a new price target of $28.00 from $24.00 previously

      2/22/24 6:27:05 AM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Vice Chair Hug Joshua sold $841,954 worth of shares (40,000 units at $21.05), decreasing direct ownership by 1% to 3,773,811 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      5/7/25 4:46:14 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Vice Chair Hug Joshua sold $389,400 worth of shares (20,000 units at $19.47), decreasing direct ownership by 0.52% to 3,813,811 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      4/21/25 5:57:33 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • SEC Form 4 filed by Chief Business Officer Sharma Pankaj

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      4/15/25 4:21:55 PM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $RELY
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • SEC Form SC 13G filed by Remitly Global Inc.

      SC 13G - Remitly Global, Inc. (0001782170) (Subject)

      11/13/24 7:32:47 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Remitly Global Inc.

      SC 13G/A - Remitly Global, Inc. (0001782170) (Subject)

      8/5/24 8:53:48 AM ET
      $RELY
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Remitly Global Inc. (Amendment)

      SC 13G/A - Remitly Global, Inc. (0001782170) (Subject)

      5/8/24 2:22:56 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Announces Upcoming Investor Conference Participation

      SEATTLE, May 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: J.P. Morgan 53rd Annual Global Technology, Media and Communications ConferenceDate: Wednesday, May 14, 2025Time: 2:20 p.m. Eastern Time / 11:20 a.m. Pacific Time Barclays 15th Annual Emerging Payments and FinTech ForumDate: Tuesday, May 20, 2025Time: 10:20 a.m. Eastern Time / 7:20 a.m. Pacific Time The presentations will be webcast live from Remitly's investor relations website at https://ir.remitly.com/. After the presentation, a repl

      5/9/25 9:30:00 AM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Reports First Quarter 2025 Results Above Outlook and Raises Full Year 2025 Outlook

      First quarter send volume up 41% and revenue up 34% year over yearFirst quarter net income was $11.4 million and Adjusted EBITDA was $58.4 million SEATTLE, May 07, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, reported results for the first quarter ended March 31, 2025. "We delivered an outstanding start to the year, significantly exceeding our expectations for the first quarter," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "This performance was driven by the deep and growing trust our customers place in us to deliver a fast, reliable, an

      5/7/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly to Report First Quarter Financial Results on May 7, 2025

      SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, May 7th, 2025Time: 2:00 p.m. P

      4/23/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    SEC Filings

    See more
    • SEC Form 10-Q filed by Remitly Global Inc.

      10-Q - Remitly Global, Inc. (0001782170) (Filer)

      5/7/25 4:12:20 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Global Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Remitly Global, Inc. (0001782170) (Filer)

      5/7/25 4:09:59 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by Remitly Global Inc.

      DEFA14A - Remitly Global, Inc. (0001782170) (Filer)

      4/25/25 4:04:27 PM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Morris Nigel W bought $990,665 worth of shares (50,000 units at $19.81), increasing direct ownership by 3% to 1,800,213 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      11/7/23 8:06:47 AM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Morris Nigel W bought $4,818,509 worth of shares (250,000 units at $19.27), increasing direct ownership by 17% to 1,750,213 units (SEC Form 4)

      4 - Remitly Global, Inc. (0001782170) (Issuer)

      11/6/23 7:36:09 AM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    Leadership Updates

    Live Leadership Updates

    See more
    • Mendaera Closes $73M Series B Financing to Scale Robotics and AI Across Mainstream Medical Procedures

      With its first-of-its-kind platform, Mendaera is pioneering a new category in medical robotics Mendaera, Inc., a Silicon Valley-based healthcare technology company developing a handheld robotic interventional platform, announced today the close of $73 million in Series B funding led by Threshold Ventures, with participation from investors including Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health). The financing will further Mendaera's efforts to scale robotics and AI across mainstream medical procedures. The healthcare system is facing an increasing supply and demand crisis, where the ability to consistently deliver high-quality care to pati

      9/26/24 6:05:00 AM ET
      $DOCS
      $RELY
      $LVGO
      EDP Services
      Technology
      Business Services
      Consumer Discretionary
    • Remitly Announces CFO Transition Plan

      SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will oversee an orderly transition, remaining with the company through September 30, 2024. "I am delighted to welcome Vikas to Remitly as our Chief Financial Officer," said Matt Oppenheimer, Co-founder and CEO of Remitly. "Vikas's impressive track record leading finance functions at high-growth companies, experience driving public company

      7/31/24 6:00:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly Appoints Ronit Peled as Chief People Officer

      SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer.  "We are thrilled to welcome Ronit Peled to Remitly as our new Chief People Officer," said Matt Oppenheimer, Co-founder & CEO of Remitly. "Ronit brings a track record of strategic business leadership, a deep commitment to people and culture, and clear alignment with Remitly's values. As team and culture have always been a differentiator for Remitly and key focus for me, I look forward to seeing Ronit's talents in action and the impact she will drive for our people, cust

      5/7/24 12:00:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary

    $RELY
    Financials

    Live finance-specific insights

    See more
    • Remitly to Report First Quarter Financial Results on May 7, 2025

      SEATTLE, April 23, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report first quarter financial results after the market close on Wednesday, May 7, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly First Quarter Financial Results Conference Call and Webcast Information:When: Wednesday, May 7th, 2025Time: 2:00 p.m. P

      4/23/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • Remitly to Report Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025

      SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. Remitly Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast Information:Wh

      2/5/25 4:05:00 PM ET
      $RELY
      Business Services
      Consumer Discretionary
    • KBW Announces Index Rebalancing for Fourth-Quarter 2024

      NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

      12/13/24 8:30:00 PM ET
      $AAT
      $AB
      $ABR
      $ACRE
      Real Estate Investment Trusts
      Real Estate
      Investment Managers
      Finance