Goldman Sachs Group Inc - Nov 17, 2022 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Director
Signature
/s/ Jamison Yardley, Attorney-in-fact
Stock symbol
FLYW
Transactions as of
Nov 17, 2022
Transactions value $
-$5,927,622
Form type
4
Date filed
11/21/2022, 05:20 PM
Previous filing
Nov 22, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FLYW Voting Common Stock Conversion of derivative security +154 K +20.1% 920 K Nov 17, 2022 See footnote F1, F2, F3, F4, F5
transaction FLYW Voting Common Stock Sale -$3.22 M -154 K -16.73% $20.91 766 K Nov 17, 2022 See footnote F2, F3, F4, F5
transaction FLYW Voting Common Stock Conversion of derivative security +129 K +15.48% 966 K Nov 18, 2022 See footnote F2, F3, F4, F5, F6
transaction FLYW Voting Common Stock Sale -$2.71 M -129 K -13.4% $20.94 836 K Nov 18, 2022 See footnote F2, F3, F4, F5

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 Non-Voting Common Stock Conversion of derivative security $0 -154 K -7.54% $0.00 1.89 M Nov 17, 2022 Voting Common Stock 154 K See footnote F1, F2, F3, F4, F5
transaction FLYW Non-Voting Common Stock Conversion of derivative security $0 -129 K -6.85% $0.00 1.76 M Nov 18, 2022 Voting Common Stock 129 K See footnote F2, F3, F4, F5, F6

Explanation of Responses:

Id Content
F1 The Non-Voting Common Stock is convertible into an equal number of shares of Voting Common Stock immediately prior to the execution of the sale of such shares as reported in Table I. On November 17, 2022, the reporting person consummated the sale of all 153,904 shares of Non-Voting Common Stock, resulting in the automatic conversion of such shares into Voting Common Stock upon the execution of the sale of such shares as reported in Table I.
F2 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), Goldman Sachs PSI Global Holdings, LLC ("GSPSI"), StoneBridge 2020, L.P. ("SB Fund"), StoneBridge 2020 Offshore Holdings II, L.P. ("SB Fund Offshore" and, together with SB Fund, the "SB Funds") and Bridge Street Opportunity Advisors, L.L.C. ("Bridge Street"). Ms. Jo Natauri serves as a member of the Board of Directors of the Issuer and is an employee of GS Group. Each of GS Group, Goldman Sachs, GSPSI, the SB Funds and Bridge Street is a director by deputization of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any. (Continued in Footnote 3 below)
F3 (Continued from Footnote 2 above). This report shall not be deemed an admission that any of the Reporting Persons are a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.
F4 Goldman Sachs is a subsidiary of GS Group. Goldman Sachs is the investment manager of the SB Funds, and Bridge Street is the general partner of the SB Funds. Each of Bridge Street and GSPSI is wholly owned by GS Group.
F5 Because of the relationships among GS Group, Goldman Sachs, Bridge Street, the SB Funds and GSPSI, each of GS Group and Goldman Sachs may be deemed a beneficial owner of any shares of the Issuer held by GSPSI and the SB Funds, and Bridge Street may be deemed a beneficial owner of any shares of the Issuer held by the SB Funds.
F6 The Non-Voting Common Stock is convertible into an equal number of shares of Voting Common Stock immediately prior to the execution of the sale of such shares as reported in Table I. On November 18, 2022, the reporting person consummated the sale of all 129,393 shares of Non-Voting Common Stock, resulting in the automatic conversion of such shares into Voting Common Stock upon the execution of the sale of such shares as reported in Table I.