Michael Massaro - Sep 5, 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Signature
/s/ Michael Massaro
Stock symbol
FLYW
Transactions as of
Sep 5, 2023
Transactions value $
-$1,031,430
Form type
4
Date filed
9/7/2023, 04:22 PM
Previous filing
Aug 31, 2023
Next filing
Sep 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Sale -$261K -7.74K -0.73% $33.75 1.05M Sep 5, 2023 Direct F1
transaction FLYW Voting Common Stock Sale -$387K -11.5K -1.09% $33.82 1.04M Sep 5, 2023 Direct F2, F3, F4
transaction FLYW Voting Common Stock Sale -$383K -11.5K -1.11% $33.40 1.02M Sep 6, 2023 Direct F2, F3, F5
holding FLYW Voting Common Stock 337K Sep 5, 2023 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales to cover tax withholding obligations upon the settlement of certain time-based restricted stock unit awards. These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person.
F2 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reported Person, entered into prior to the effectiveness of the revised requirements of Rule 10b5-1(c).
F3 The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales pursuant to a trading plan that complies with Rule 10b5-1 that has been entered into by the Reporting Person prior the date of the lock-up agreement.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.69 to $34.035, 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 (4) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.18 to $33.625, 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 (5) to this Form 4.
F6 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.