Michael G. Ellis - 25 May 2021 Form 3 Insider Report for Flywire Corp (FLYW)

Role: Chief Financial Officer
Signature: /s/ Michael G Ellis
Issuer symbol: FLYW
Transactions as of: 25 May 2021
Net transactions value: $0
Form type: 3
Filing time: 25 May 2021, 20:27:42 UTC
Next filing: 28 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FLYW	Class A Common Stock						37,500	25 May 2021	Direct	F1
holding	FLYW	Class A Common Stock						30,000	25 May 2021	By GRAT	F1, F2
holding	FLYW	Class A Common Stock						30,000	25 May 2021	By GRAT	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	FLYW	Employee Stock Option (right to buy)							25 May 2021	Class A Common Stock	201,729	$0.3500	Direct	F1, F4
holding	FLYW	Employee Stock Option (right to buy)							25 May 2021	Class A Common Stock	195,000	$3.28	Direct	F1, F5
holding	FLYW	Employee Stock Option (right to buy)							25 May 2021	Class A Common Stock	195,000	$3.95	Direct	F1, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Immediately prior to the closing of the initial public offering of the Issuer's Common Stock, each share of Class A Common Stock will be reclassified into one share of Voting Common Stock and each share of Class B Common Stock will be reclassified into one share of Non-Voting Common Stock.
F2	The shares are held by the Michael Ellis 2021 Grantor Retained Annuity Trust No. 1, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of the Reporting Person's pecuniary interests therein, if any.
F3	The shares are held by the Michael Ellis 2021 Grantor Retained Annuity Trust No. 2, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of the Reporting Person's pecuniary interests therein, if any.
F4	The shares originally subject to this option shall vest over 4 years of service following April 20, 2015, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter.
F5	The shares originally subject to this option shall vest over 4 years of service following October 3, 2018, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter.
F6	The shares originally subject to this option shall vest over 4 years of service following January 21, 2021, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter.