Michael Massaro - Dec 22, 2022 Form 4 Insider Report for Flywire Corp (FLYW)

Role: Chief Executive Officer, Director
Signature: /s/ Michael Massaro
Stock symbol: FLYW
Transactions as of: Dec 22, 2022
Transactions value $: $41,000
Form type: 4
Date filed: 12/27/2022, 03:08 PM
Previous filing: Oct 5, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLYW	Voting Common Stock	Gift	$0	-25K	-2.19%	$0.00	1.12M	Dec 19, 2022	Direct	F1, F2
transaction	FLYW	Voting Common Stock	Options Exercise	$41K	+12.5K	+1.12%	$3.28^*	1.13M	Dec 22, 2022	Direct
holding	FLYW	Voting Common Stock						300K	Dec 22, 2022	See footnote	F3
holding	FLYW	Voting Common Stock						82.9K	Dec 22, 2022	By: GRAT	F2, 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	Employee Stock Option (right to buy)	Options Exercise	$0	-12.5K	-1.55%	$0.00	794K	Dec 22, 2022	Voting Common Stock	12.5K	$3.28	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Represents gifts by the Reporting Person to charitable donor advised funds.
F2	Amount reflects annuity payment of 37,068 shares from the Michael P. Massaro 2021 Qualified Annuity Trust, of which the Reporting Person is a trustee, to the Reporting Person.
F3	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.
F4	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.
F5	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.