Peter Butterfield - Mar 13, 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Role
General Counsel and CCO
Signature
/s/ Peter Butterfield
Stock symbol
FLYW
Transactions as of
Mar 13, 2023
Transactions value $
-$331,214
Form type
4
Date filed
3/15/2023, 08:41 PM
Previous filing
Mar 3, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Sale -$237K -9.86K -15.14% $24.06 55.2K Mar 13, 2023 Direct F1, F2
transaction FLYW Voting Common Stock Award $0 +71.6K +129.63% $0.00 127K Mar 14, 2023 Direct F3
transaction FLYW Voting Common Stock Options Exercise $1.64K +500 +0.39% $3.28* 127K Mar 14, 2023 Direct
transaction FLYW Voting Common Stock Sale -$13.5K -500 -0.39% $27.00 127K Mar 14, 2023 Direct F1
transaction FLYW Voting Common Stock Sale -$82.2K -3.13K -2.46% $26.31 124K Mar 14, 2023 Direct 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 Stock Option (right to buy) Options Exercise $0 -500 -0.45% $0.00 111K Mar 14, 2023 Voting Common Stock 500 $3.28 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold pursuant to a Rule 10b5-1 trading plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
F3 Represents shares of common stock underlying a time-based restricted stock unit award (RSU). The RSU vests with respect to 25% of the shares on March 1, 2024, with the remainder vesting in equal quarterly installments over the following three years, provided that the Reporting Person has provided continuous service to the Issuer through the applicable vesting date.
F4 These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person in order to cover tax withholding obligations upon the settlement of certain RSUs.
F5 The shares originally subject to this option are fully vested as of the date hereof.