4//SEC Filing
Orgel Rob 4
Accession 0000950170-23-047014
CIK 0001580560other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 4:20 PM ET
Size
11.3 KB
Accession
0000950170-23-047014
Insider Transaction Report
Form 4
Flywire CorpFLYW
Orgel Rob
President and COO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2023-09-06−35,000→ 414,724 totalExercise: $3.30Exp: 2029-11-01→ Voting Common Stock (35,000 underlying) - Exercise/Conversion
Voting Common Stock
2023-09-06$3.30/sh+35,000$115,500→ 299,434 total - Sale
Voting Common Stock
2023-09-06$33.12/sh−39,005$1,292,033→ 260,429 total - Sale
Voting Common Stock
2023-09-05$33.78/sh−3,871$130,778→ 264,434 total
Footnotes (5)
- [F1]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.
- [F2]Adjusted to reflect 430 shares acquired under the Issuer's Employee Stock Purchase Plan.
- [F3]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.
- [F4]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.
- [F5]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.
Documents
Issuer
Flywire Corp
CIK 0001580560
Entity typeother
Related Parties
1- filerCIK 0001862049
Filing Metadata
- Form type
- 4
- Filed
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 4:20 PM ET
- Size
- 11.3 KB