Michael G. Ellis - Jun 12, 2023 Form 4/A - Amendment Insider Report for Flywire Corp (FLYW)

Role
Chief Financial Officer
Signature
/s/ Michael G. Ellis
Stock symbol
FLYW
Transactions as of
Jun 12, 2023
Transactions value $
-$357,896
Form type
4/A - Amendment
Date filed
6/26/2023, 06:50 PM
Date Of Original Report
Jun 14, 2023
Previous filing
Jul 7, 2023
Next filing
Jul 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $28.1K +8.59K +3.7% $3.28* 241K Jun 12, 2023 Direct F1
transaction FLYW Voting Common Stock Sale -$386K -12K -4.99% $32.17 229K Jun 12, 2023 Direct F1, F2, F3
holding FLYW Voting Common Stock 18.1K Jun 12, 2023 By GRAT F4
holding FLYW Voting Common Stock 28.9K Jun 12, 2023 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 Stock Option (Right to Buy) Options Exercise $0 -8.59K -6.47% $0.00 124K Jun 12, 2023 Voting Common Stock 8.59K $3.28 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4/A is being filed to correct (i) the number of shares acquired upon exercise of stock options by the reporting person which was misreported in the original Form 4 due to an administrative error and (ii) the shares beneficially owned following the transactions reported herein.
F2 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person, entered into prior to the effectiveness of the revised requirements of Rule 10b5-1(c).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.82 to $32.495, 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 3 to this Form 4.
F4 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.
F5 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.
F6 The shares originally subject to this option are fully vested as of the date hereof.