Michael Massaro - 25 May 2021 Form 3 Insider Report for Flywire Corp (FLYW)

Role
Chief Executive Officer, Director
Signature
/s/ Michael Massaro
Issuer symbol
FLYW
Transactions as of
25 May 2021
Net transactions value
$0
Form type
3
Filing time
25 May 2021, 20:30:16 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 1,225,530 25 May 2021 Direct F1
holding FLYW Class A Common Stock 180,000 25 May 2021 See footnote F1, F2
holding FLYW Class A Common Stock 120,000 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 93,939 $0.2000 Direct F1, F4
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 78,792 $0.3500 Direct F1, F5
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 107,733 $0.3500 Direct F1, F5
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 105,948 $0.5900 Direct F1, F6
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 233,598 $0.5900 Direct F1, F6
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 856,506 $3.27 Direct F1, F7
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 302,724 $3.30 Direct F1, F8
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 300,000 $3.95 Direct F1, F9
holding FLYW Employee Stock Option (right to buy) 25 May 2021 Class A Common Stock 300,000 $3.95 Direct F1, F10
* 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 P. Massaro 2021 Irrevocable Trust, of which the Reporting Person's spouse 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 P. Massaro 2021 Qualified Annuity Trust, 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 vest in equal monthly installments over the next 48 months of continuous service to the Issuer after December 13, 2013.
F5 The shares originally subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after June 1, 2015.
F6 The shares originally subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after February 1, 2016.
F7 The shares subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after February 29, 2019.
F8 The shares subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after September 1, 2019.
F9 The shares subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after January 21, 2021.
F10 The shares subject to this option vest in equal monthly installments over the next 60 months of continuous service to the Issuer after January 21, 2021.