Blanc Patrick 4

What Happened
Patrick Blanc, Chief Technology Officer of Flywire Corp (FLYW), was granted 234,234 restricted stock units (RSUs) on February 23, 2026. The award was reported as an acquisition at a $0.00 price (no cash paid). This is a grant/award (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date (Period of Report): February 23, 2026; Form filed on March 2, 2026 (late filing noted).
• Grant size and price: 234,234 RSUs acquired at $0.00 (no cash paid at grant).
• Vesting: Per footnote — 35% vests on the one-year anniversary (Feb 23, 2027); remaining shares vest quarterly over the next 12 quarters so that 28% vests in year 2, 22% in year 3, and 15% in year 4, subject to continuous service through each vesting date.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: The Form 4 was filed late; the filer cites delays during initial enrollment and account authorization with the SEC’s EDGAR Next system.

Context
This was a time‑based equity award (RSUs) — not an immediate sale or exercised option. RSU grants are a common form of long-term compensation and only convey economic value if the stock has value when the units vest. The late filing is disclosed, but the grant itself is standard compensation disclosure rather than an indication of buying or selling activity.