Filing Details

Accession Number:
0000950170-23-048784
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-09-19 16:18:27
Reporting Period:
2023-09-15
Accepted Time:
2023-09-19 16:18:27
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
1862898 G Michael Ellis C/O Flywire Corporation
141 Tremont Street, Suite 10
Boston MA 02111
Chief Financial Officer 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 Acquisiton 2023-09-15 6,500 $3.95 247,219 No 4 M Direct
Voting Common Stock Disposition 2023-09-15 6,500 $31.30 240,719 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2023-09-15 6,500 $0.00 6,500 $3.95
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
113,500 2031-01-20 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Voting Common Stock 27,805 Indirect By GRAT
Footnotes
  1. 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.
  2. 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.
  3. The shares originally 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.