Michael G. Ellis - Dec 31, 2021 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Chief Financial Officer
Signature
/s/ Michael G. Ellis
Stock symbol
FLYW
Transactions as of
Dec 31, 2021
Transactions value $
$1,767
Form type
4
Date filed
1/4/2022, 04:40 PM
Previous filing
Dec 21, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $1.77K +5K +13.33% $0.35* 42.5K Dec 31, 2021 Direct
holding FLYW Voting Common Stock 30K Dec 31, 2021 By GRAT F1
holding FLYW Voting Common Stock 30K Dec 31, 2021 By GRAT F2

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 Employee Stock Option (right to buy) Options Exercise $0 -5K -2.48% $0.00 197K Dec 31, 2021 Voting Common Stock 5K $0.35 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.