Peter Butterfield - 18 Oct 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Signature
/s/ Peter Butterfield
Issuer symbol
FLYW
Transactions as of
18 Oct 2023
Net transactions value
-$276,905
Form type
4
Filing time
19 Oct 2023, 16:11:21 UTC
Previous filing
03 Nov 2023
Next filing
07 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $44,328 +11,232 +7.7% $3.95* 157,377 18 Oct 2023 Direct
transaction FLYW Voting Common Stock Sale $318,293 -11,132 -7.1% $28.59 146,245 18 Oct 2023 Direct F1, F2, F3
transaction FLYW Voting Common Stock Sale $2,940 -100 -0.07% $29.40 146,145 18 Oct 2023 Direct F1, F2

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 -11,232 -13% $0.000000 73,794 18 Oct 2023 Voting Common Stock 11,232 $3.95 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.31 to $29.23, 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 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.