Michael G. Ellis - Nov 9, 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Chief Financial Officer
Signature
/s/ Michael G. Ellis
Stock symbol
FLYW
Transactions as of
Nov 9, 2023
Transactions value $
$35,941
Form type
4
Date filed
11/13/2023, 05:41 PM
Previous filing
Oct 17, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Options Exercise $35.9K +102K +42.23% $0.35* 343K Nov 9, 2023 Direct F1
holding FLYW Voting Common Stock 27.8K Nov 9, 2023 By GRAT 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 -102K -100% $0.00* 0 Nov 9, 2023 Voting Common Stock 102K $0.35 Direct F3
holding FLYW Stock Option (right to buy) 112K Nov 9, 2023 Voting Common Stock 0 $3.28 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to a clerical error on the Reporting Person's Form 4 filed on April 14, 2023, the number of shares beneficially owned was inadvertently understated by 182 shares. The amount in Column 5 lists the correct number of shares beneficially owned following the transaction reported herein.
F2 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.
F3 The shares originally subject to this option are fully vested as of the date hereof.
F4 Due to a clerical error on the Reporting Person's Form 4 filed on April 14, 2023, the number of derivative securities exercised was inadvertently understated by 182 shares and the number of derivative securities beneficially owned following such exercise was inadvertently overstated by 182 shares. The amount in Column 9 lists the correct number of derivative securities beneficially owned following such exercise.