Ellis Michael G 4
4 · Flywire Corp · Filed Nov 13, 2023
Insider Transaction Report
Form 4
Flywire CorpFLYW
Ellis Michael G
Chief Financial Officer
Transactions
- Exercise/Conversion
Voting Common Stock
2023-11-09$0.35/sh+101,729$35,941→ 342,630 total - Exercise/Conversion
Stock Option (right to buy)
2023-11-09−101,729→ 0 totalExercise: $0.35Exp: 2025-04-29→ Voting Common Stock (101,729 underlying)
Holdings
- 27,805(indirect: By GRAT)
Voting Common Stock
- 111,932
Stock Option (right to buy)
Exercise: $3.28Exp: 2028-11-27→ Voting Common Stock (0 underlying)
Footnotes (4)
- [F1]Due to a clerical error on the Reporting Person's Form 4 filed on April 14, 2023, the number of shares beneficially owned was inadvertently understated by 182 shares. The amount in Column 5 lists the correct number of shares beneficially owned following the transaction reported herein.
- [F2]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.
- [F3]The shares originally subject to this option are fully vested as of the date hereof.
- [F4]Due to a clerical error on the Reporting Person's Form 4 filed on April 14, 2023, the number of derivative securities exercised was inadvertently understated by 182 shares and the number of derivative securities beneficially owned following such exercise was inadvertently overstated by 182 shares. The amount in Column 9 lists the correct number of derivative securities beneficially owned following such exercise.