Filing Details
- Accession Number:
- 0000899243-23-008665
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-15 20:42:09
- Reporting Period:
- 2023-03-13
- Accepted Time:
- 2023-03-15 20:42:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1580560 | Flywire Corp | FLYW | Services-Business Services, Nec (7389) | 270690799 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1862049 | Rob Orgel | C/O Flywire Corporation 141 Tremont Street, Suite 10 Boston MA 02111 | President And Coo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Voting Common Stock | Acquisiton | 2023-03-13 | 15,000 | $3.95 | 172,191 | No | 4 | M | Direct | |
| Voting Common Stock | Disposition | 2023-03-13 | 15,000 | $24.01 | 157,191 | No | 4 | S | Direct | |
| Voting Common Stock | Acquisiton | 2023-03-14 | 150,064 | $0.00 | 307,255 | No | 4 | A | Direct | |
| Voting Common Stock | Disposition | 2023-03-14 | 14,329 | $26.31 | 292,926 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Voting Common Stock | Stock Option (right to buy) | Disposition | 2023-03-13 | 15,000 | $0.00 | 15,000 | $3.95 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 345,000 | 2031-01-20 | No | 4 | M | Direct |
Footnotes
- Adjusted to reflect 140 shares acquired under the Issuer's Employee Stock Purchase Plan.
- Shares were sold pursuant to a Rule 10b5-1 trading plan.
- The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $24.00 to $24.26, inclusive. The Reporting Persons undertake to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth in this footnote 3 to this Form 4.
- Represents shares of common stock underlying a time-based restricted stock unit award (RSU). The RSU vests with respect to 25% of the shares on March 1, 2024, with the remainder vesting in equal quarterly installments over the following three years, provided that the Reporting Person has provided continuous service to the Issuer through the applicable vesting date.
- 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 RSUs.
- 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.
Billionaire Hedge Funds
