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

Role: Chief Financial Officer
Signature: /s/ Michael G. Ellis
Stock symbol: FLYW
Transactions as of: Jan 4, 2022
Transactions value $: $15,899
Form type: 4
Date filed: 1/6/2022, 05:06 PM
Previous filing: Jan 4, 2022
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLYW	Voting Common Stock	Options Exercise	$8.83K	+25K	+58.82%	$0.35^*	67.5K	Jan 4, 2022	Direct
transaction	FLYW	Voting Common Stock	Options Exercise	$7.07K	+20K	+29.63%	$0.35^*	87.5K	Jan 5, 2022	Direct
holding	FLYW	Voting Common Stock						30K	Jan 4, 2022	By GRAT	F1
holding	FLYW	Voting Common Stock						30K	Jan 4, 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	-25K	-12.71%	$0.00	172K	Jan 4, 2022	Voting Common Stock	25K	$0.35	Direct	F3
transaction	FLYW	Employee Stock Option (right to buy)	Options Exercise	$0	-20K	-11.65%	$0.00	152K	Jan 5, 2022	Voting Common Stock	20K	$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.