Michael G. Ellis - Dec 5, 2023 Form 4 Insider Report for Flywire Corp (FLYW)

Signature
/s/ Michael G. Ellis
Stock symbol
FLYW
Transactions as of
Dec 5, 2023
Transactions value $
-$130,838
Form type
4
Date filed
12/7/2023, 04:15 PM
Previous filing
Dec 5, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Sale -$52.2K -2.23K -0.65% $23.40 340K Dec 5, 2023 Direct F1
transaction FLYW Voting Common Stock Sale -$78.6K -3.39K -1% $23.16 337K Dec 6, 2023 Direct
holding FLYW Voting Common Stock 27.8K Dec 5, 2023 By GRAT F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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 time-based restricted stock unit awards.
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.