ESPP Enrollment
When are ESPP Enrollments?
February and August 1-15
What does ESPP stand for?
Employee Stock Purchase Program
When are vested RSUs released to me?
February 25
May 25
August 25
November 25
Where can I easily (and securely) go to log into my Shareworks account?
When are Blackout Windows?
Blackout windows start on the 15th of the last month of every quarter and extend until the 2nd day after earnings calls.
What actions can you take during ESPP enrollment?
Sign up, increase/decrease your contributions, or withdraw
How long are new offering periods?
12-months long with 2 purchases (every 6 months)
Where can I find the details of my RSU grant (date of grant, number of shares, vesting schedule)?
On my Grant Agreement
in Shareworks/Documents/Plan Documents & Agreements/Grant Agreements
Stock Admin Team, I'm locked out of my account. Can you reset my password?
Unfortunately not. For your security, we cannot reset passwords. You will need to contact the Customer Support Team.
When are new hire grants awarded?
They are granted in the month after you start at Remitly, following Board approval. The Stock Admin team tries to get them loaded by the 15th of each month.
If you increase your contribution percentage, what happens to your purchase price (without an offering period reset)?
You're moved to a new offering period, and will have a new purchase price.
There are several great features in Remitly's ESPP program. Can you name 2?
- 12-month offering period
- 2 - 6-month purchase periods
- Look-back Pricing
- Reset Feature
- 15% discount on the look-back price
What happens to my RSUs if I leave Remitly?
Any unvested RSUs are canceled and returned to the company pool.
I moved. How can I update my address in Shareworks?
Your demographic data comes directly from Workday. If you've updated your details in Workday, it will be sent to Shareworks that evening.
I have a lot of equity questions. Where can I find more information?
The Commons' Stock Administration page.
If you're signed up and happy with your ESPP percentage, what do you need to do during Enrollment?
Nothing. No action is needed.
If I leave Remitly or withdraw from ESPP, what happens to the money I've contributed?
It will all be refunded to you within 3 pay cycles.
Do I have to sell my RSUs immediately?
No. Once they've vested, you can keep or sell your shares whenever you're ready - as long as you're compliant with our Insider Trading Policy.
Is Okta the only way to access my Shareworks account?
No. You can access Shareworks via a mobile app or the direct site but we recommend using Okta for security reasons.
How is my new hire grant calculated?
As of January 2025, new hire grants are calculated using a trailing 3-month average of Remitly's closing market price. The averages are for the month you started at Remitly and the 2 months prior.
If your offering period is ending and you want to continue participating, what do you need to do?
Re-enroll. Although that is not happening to any current offering periods.
When will ESPP shares be purchased for me?
February 28 or August 31
As long as those are business days. If they are non-business days, the purchase will be processed on the previous business day.
Probably not. We try to get your RSUs and tax responsibilities processed quickly. It usually takes 2-7 business days.
If I leave Remitly, will you close my Shareworks account or change my access?
How long are the contribution windows for ESPP?
6-months
You contribute between March & August or September to February.