Matthew C. Harris - May 28, 2021 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Director, 10%+ Owner
Signature
/s/ Matthew C. Harris
Stock symbol
FLYW
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/1/2021, 09:42 PM
Previous filing
May 25, 2021
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Class A Common Stock Conversion of derivative security +554K +8.78% 6.87M May 28, 2021 See footnotes F1, F3, F4
transaction FLYW Class A Common Stock Conversion of derivative security +1.54M +22.44% 8.41M May 28, 2021 See footnotes F1, F3, F4
transaction FLYW Class A Common Stock Conversion of derivative security +166K +1.98% 8.57M May 28, 2021 See footnotes F1, F3, F4
transaction FLYW Class A Common Stock Conversion of derivative security +7.7M +89.81% 16.3M May 28, 2021 See footnotes F1, F3, F4
transaction FLYW Class A Common Stock Other -16.3M -100% 0 May 28, 2021 See footnotes F2, F3, F4
transaction FLYW Voting Common Stock Other +16.3M 16.3M May 28, 2021 See footnotes F2, F3, F4

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
transaction FLYW Series A Preferred Stock Conversion of derivative security -554K -100% 0 May 28, 2021 Class A Common Stock 554K See footnotes F1, F3, F4
transaction FLYW Series B Preferred Stock Conversion of derivative security -1.54M -100% 0 May 28, 2021 Class A Common Stock 1.54M See footnotes F1, F3, F4
transaction FLYW Series B-1 Preferred Stock Conversion of derivative security -166K -100% 0 May 28, 2021 Class A Common Stock 166K See footnotes F1, F3, F4
transaction FLYW Series C Preferred Stock Conversion of derivative security -7.7M -100% 0 May 28, 2021 Class A Common Stock 7.7M See footnotes F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series A, Series B, Series B-1 and Series C Preferred Stock automatically converted into one share of the Issuer's Class A Common Stock immediately prior to the closing of the Issuer's initial public offering (the "Conversion"). The shares had no expiration date.
F2 Pursuant to a reclassification exempt under Rule 16b-7, each share of the Issuer's Class A Common Stock was reclassified into one share of the Issuer's Voting Common Stock following the Conversion and immediately prior to the closing of the Issuer's initial public offering.
F3 Consists of securities held by Bain Capital Venture Fund 2014, L.P. ("Venture Fund 2014"), Bain Capital Venture Fund 2016, L.P. ("Venture Fund 2016"), Bain Capital Venture Coinvestment Fund II, L.P. ("Venture Coinvestment Fund II"), BCV 2019-MD Coinvestment II, L.P. ("2019-MD Coinvestment II"), BCIP Venture Associates ("BCIP Venture"), BCIP Venture Associates-B ("BCIP Venture-B"), BCIP Venture Associates II, LP ("BCIP Venture II") and BCIP Venture Associates II-B, LP ("BCIP Venture II-B" and, together with Venture Fund 2014, Venture Fund 2016, Venture Coinvestment Fund II, 2019-MD Coinvestment II, BCIP Venture, BCIP Venture-B and BCIP Venture II, the "Bain Capital Venture Entities").
F4 Bain Capital Venture Investors, LLC ("BCVI") (i) is the ultimate general partner of Venture Fund 2014, Venture Fund 2016, Venture Coinvestment Fund II and 2019-MD Coinvestment II and (ii) governs the investment strategy and decision-making process with respect to investments held by each of BCIP Venture, BCIP Venture-B, BCIP Venture II and BCIP Venture II-B. Mr. Harris is a Managing Director of BCVI. By virtue of the relationships described in this footnote, Mr. Harris may be deemed to share voting and dispositive power with respect to the securities held by the Bain Capital Venture Entities. Mr. Harris disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.