JPMorgan Amends Remitly Global Stake as of Dec 29, 2023

TL;DR

**JPMorgan Chase & Co. updated its passive stake in Remitly Global, Inc. as of December 29, 2023.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 4, 2024, indicating a change in their beneficial ownership of Remitly Global, Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that JPMorgan Chase & Co. continues to hold a significant, though potentially altered, passive stake in Remitly Global, Inc. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

This filing shows that a major financial institution, JPMorgan Chase & Co., has adjusted its passive investment in Remitly Global, Inc., which can impact investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate high-risk event for Remitly Global, Inc.

Analyst Insight

Investors should note that a major institutional holder, JPMorgan Chase & Co., has updated its passive stake in Remitly Global, Inc. While this specific filing doesn't detail the change in percentage, it signals ongoing institutional interest. Smart investors would look for the full details of the ownership change in the complete filing to assess the magnitude of the adjustment and its potential implications for stock stability.

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G/A, reporting beneficial ownership in Remitly Global, Inc.
• Remitly Global, Inc. (company) — the subject company whose common stock is being reported on.
• December 29, 2023 (date) — the date of the event which required the filing of this statement.
• January 4, 2024 (date) — the date the SC 13G/A filing was made.
• $0.0001 (dollar_amount) — the par value of Remitly Global, Inc.'s Common Stock.

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti

Filing Documents

• Remitly_Global_Inc.htm (SC 13G/A) — 86KB
• 0000019617-24-000015.txt ( ) — 88KB

From the Filing

SC 13G/A 1 Remitly_Global_Inc.htm FILING REMITLY GLOBAL, INC. Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 01 )* Remitly Global, Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securities) 75960P104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 75960P104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 7,935,752 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 8,799,793 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,811,193 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.7 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer Remitly Global, Inc. (b) Address of Issuer's Principal Executive Offices 1111 Third Avenue, Suite 2100, Seattle, WA 98101 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, $0.0001 par value (e) CUSIP Number 75960P104 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 8,811,193 (b) Percent of class: 4.7 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 7,935,752 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 8,799,793 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company JPMorgan Asset Management (Asia Pacific) Limited JPMorgan Asset Management (UK) Limited JPMorgan Chase Bank, National Association J.P. Morgan Investment Manageme

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