Michael G. Ellis - 04 Jan 2022 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Chief Financial Officer
Signature
/s/ Michael G. Ellis
Issuer symbol
FLYW
Transactions as of
04 Jan 2022
Net transactions value
+$15,898
Form type
4
Filing time
06 Jan 2022, 17:06:13 UTC
Previous filing
04 Jan 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $8,832 +25,000 +59% $0.3533* 67,500 04 Jan 2022 Direct
transaction FLYW Voting Common Stock Options Exercise $7,066 +20,000 +30% $0.3533* 87,500 05 Jan 2022 Direct
holding FLYW Voting Common Stock 30,000 04 Jan 2022 By GRAT F1
holding FLYW Voting Common Stock 30,000 04 Jan 2022 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 -25,000 -13% $0.000000 171,729 04 Jan 2022 Voting Common Stock 25,000 $0.3533 Direct F3
transaction FLYW Employee Stock Option (right to buy) Options Exercise $0 -20,000 -12% $0.000000 151,729 05 Jan 2022 Voting Common Stock 20,000 $0.3533 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.