Filing Details
- Accession Number:
- 0000950170-23-047014
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-09-07 16:20:21
- Reporting Period:
- 2023-09-05
- Accepted Time:
- 2023-09-07 16:20:21
- 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 | No | 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 | Disposition | 2023-09-05 | 3,871 | $33.78 | 264,434 | No | 4 | S | Direct | |
| Voting Common Stock | Acquisiton | 2023-09-06 | 35,000 | $3.30 | 299,434 | No | 4 | M | Direct | |
| Voting Common Stock | Disposition | 2023-09-06 | 39,005 | $33.12 | 260,429 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | 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 | 2023-09-06 | 35,000 | $0.00 | 35,000 | $3.30 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 414,724 | 2029-11-01 | No | 4 | M | Direct |
Footnotes
- The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales to cover tax withholding obligations upon the settlement of certain time-based restricted stock unit awards. These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person.
- Adjusted to reflect 430 shares acquired under the Issuer's Employee Stock Purchase Plan.
- The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales pursuant to a trading plan that complies with Rule 10b5-1 that has been entered into by the Reporting Person prior the date of the lock-up agreement.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.76 to $33.65, inclusive. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 4 to this Form 4.
- The shares subject to this option vest over 4 years of service following November 1, 2019, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 substantially equal monthly installments thereafter.
Billionaire Hedge Funds
