Michael Massaro - May 27, 2022 Form 4/A - Amendment Insider Report for Flywire Corp (FLYW)

Role
Chief Executive Officer, Director
Signature
/s/ Michael Massaro
Stock symbol
FLYW
Transactions as of
May 27, 2022
Transactions value $
-$1,807,758
Form type
4/A - Amendment
Date filed
6/3/2022, 05:48 PM
Date Of Original Report
Jun 1, 2022
Previous filing
Apr 29, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $0.20 +1 +0% $0.20* 1.1M May 27, 2022 Direct
transaction FLYW Voting Common Stock Options Exercise $1.40 +4 +0% $0.35* 1.1M May 27, 2022 Direct
transaction FLYW Voting Common Stock Options Exercise $164K +50K +4.53% $3.28* 1.15M May 27, 2022 Direct
transaction FLYW Voting Common Stock Tax liability -$164K -8.2K -0.71% $20.00 1.15M May 27, 2022 Direct F1, F2
transaction FLYW Voting Common Stock Options Exercise $124K +210K +18.32% $0.59* 1.36M May 27, 2022 Direct
transaction FLYW Voting Common Stock Tax liability -$1.93M -96.6K -7.12% $20.00 1.26M May 27, 2022 Direct F2, F3
holding FLYW Voting Common Stock 300K May 27, 2022 See footnote F4
holding FLYW Voting Common Stock 120K May 27, 2022 By: GRAT F5

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 -1 0% $0.00 93.9K May 27, 2022 Voting Common Stock 1 $0.20 Direct F6
transaction FLYW Employee Stock Option (right to buy) Options Exercise $0 -4 0% $0.00 108K May 27, 2022 Voting Common Stock 4 $0.35 Direct F7
transaction FLYW Employee Stock Option (right to buy) Options Exercise $0 -50K -5.84% $0.00 807K May 27, 2022 Voting Common Stock 50K $3.28 Direct F8
transaction FLYW Employee Stock Option (right to buy) Options Exercise $0 -210K -89.9% $0.00 23.6K May 27, 2022 Voting Common Stock 210K $0.59 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld by the Issuer for payment of the exercise price using the closing price of the Issuer's voting common stock on May 27, 2022.
F2 This Form 4/A amends and restates the Form 4 filed on June 1, 2022 which reported an incorrect price for the reported transaction. The correct price for the reported transaction is the closing price of the Issuer's voting common stock on May 27, 2022 of $20.00.
F3 These shares were withheld by the Issuer for payment of the exercise price and applicable taxes, using the closing price of the Issuer's voting common stock on May 27, 2022.
F4 The shares are held by the Michael P. Massaro 2021 Irrevocable Trust, of which the Reporting Person's spouse 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.
F5 The shares are held by the Michael P. Massaro 2021 Qualified Annuity Trust, 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.
F6 The shares originally subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after December 13, 2013.
F7 The shares originally subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after June 1, 2015.
F8 The shares subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after February 29, 2019.
F9 The shares originally subject to this option vest in equal monthly installments over the next 48 months of continuous service to the Issuer after February 1, 2016.

Remarks:

This Form 4/A amends and restates the Form 4 filed on June 1, 2022.