Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FLYW | Voting Common Stock | Other | $0 | -27.3K | -100% | $0.00* | 0 | Nov 9, 2023 | See footnote | F2, F3 |
holding | FLYW | Voting Common Stock | 232K | Nov 9, 2023 | Direct | F1 |
Id | Content |
---|---|
F1 | This Form 4/A is being filed to correct the amount of securities beneficially owned by the Reporting Person. The original Form 4 did not report certain restricted stock units owned by the Reporting Person due to an administrative oversight. These shares include a restricted stock unit award of 5,587 shares, awarded on June 4, 2023, that vests on the earlier of (a) June 4, 2024, and (b) the Issuer's next annual meeting of stockholders, provided that the Reporting Person has provided continuous service to the Issuer through such date. In addition, the restricted stock unit award will accelerate and fully vest upon a change in control, or the Reporting Person's earlier death or disability. |
F2 | Represents a distribution, and not a purchase or sale, without additional consideration by Spark Capital Partners, LLC ("SCP") to certain of its members. |
F3 | These shares are held by SCP. The Reporting Person is a managing member of SCP and may be deemed to share investment, voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein, if any. |