Matthew C. Harris - Jun 21, 2021 Form 4 Insider Report for Flywire Corp (FLYW)

Role: Director, 10%+ Owner
Signature: /s/ Matthew C. Harris
Stock symbol: FLYW
Transactions as of: Jun 21, 2021
Transactions value $: $294,690
Form type: 4
Date filed: 8/18/2021, 07:06 PM
Previous filing: Jun 1, 2021
Next filing: Jul 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLYW	Voting Common Stock	Exercise of in-the-money or at-the-money derivative security	$12.8K	+75K	+0.46%	$0.17^*	16.3M	Jun 21, 2021	See footnotes	F1, F3, F4
transaction	FLYW	Voting Common Stock	Exercise of in-the-money or at-the-money derivative security	$282K	+191K	+1.17%	$1.48^*	16.5M	Jun 21, 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	Warrants (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-75K	-100%	$0.00^*	0	Jun 21, 2021	Voting Common Stock	75K	$0.17	See footnotes	F1, F3, F4
transaction	FLYW	Warrants (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-191K	-100%	$0.00^*	0	Jun 21, 2021	Voting Common Stock	191K	$1.48	See footnotes	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Each warrant was exercisable by the holder in whole or in part at any time and from time to time on or before August 22, 2022. On June 21, 2021, each of Bain Capital Venture Fund 2016, L.P. ("Venture Fund 2016"), BCIP Venture Associates II, LP ("BCIP Venture II") and BCIP Venture Associates II-B, LP ("BCIP Venture II-B") exercised warrants to purchase an aggregate of 75,000 shares of the Issuer's Voting Common Stock.
F2	Each warrant was exercisable by the holder in whole or in part at any time and from time to time on or before January 15, 2025. On June 21, 2021, each of Venture Fund 2016, BCIP Venture II and BCIP Venture II-B exercised warrants to purchase an aggregate of 190,500 shares of the Issuer's Voting Common Stock.
F3	Consists of securities held by Bain Capital Venture Fund 2014, L.P. ("Venture Fund 2014"), 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" and, together with Venture Fund 2014, Venture Fund 2016, Venture Coinvestment Fund II, 2019-MD Coinvestment II, BCIP Venture, BCIP Venture II and BCIP Venture II-B, the "Bain Capital Venture Entities"), BCIP Venture II and BCIP Venture II-B.
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.