Rob Orgel - Mar 13, 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Role: President and COO
Signature: /s/ Rob Orgel
Stock symbol: FLYW
Transactions as of: Mar 13, 2023
Transactions value $: -$677,903
Form type: 4
Date filed: 3/15/2023, 08:42 PM
Previous filing: Jan 19, 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	Options Exercise	$59.3K	+15K	+9.54%	$3.95^*	172K	Mar 13, 2023	Direct	F1
transaction	FLYW	Voting Common Stock	Sale	-$360K	-15K	-8.71%	$24.01	157K	Mar 13, 2023	Direct	F2, F3
transaction	FLYW	Voting Common Stock	Award	$0	+150K	+95.47%	$0.00	307K	Mar 14, 2023	Direct	F4
transaction	FLYW	Voting Common Stock	Sale	-$377K	-14.3K	-4.66%	$26.31	293K	Mar 14, 2023	Direct	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	Stock Option (right to buy)	Options Exercise	$0	-15K	-4.17%	$0.00	345K	Mar 13, 2023	Voting Common Stock	15K	$3.95	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Adjusted to reflect 140 shares acquired under the Issuer's Employee Stock Purchase Plan.
F2	Shares were sold pursuant to a Rule 10b5-1 trading plan.
F3	The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $24.00 to $24.26, inclusive. The Reporting Persons undertake to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth in this footnote 3 to this Form 4.
F4	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.
F5	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.
F6	The shares subject to this option vest over 4 years of service following January 21, 2021, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter.