Riese Phillip John 4

What Happened

• Riese Phillip John, a director of Flywire Corp (FLYW), exercised 37,921 stock options on May 6, 2026 at an exercise price of $0.59 per share (total cost $22,373). The same day he sold 37,921 shares in multiple open-market transactions for aggregate proceeds of roughly $639,598. The option awards were fully vested (footnote F5).

Key Details

• Transaction date: 2026-05-06; Form filed 2026-05-08 (timely filing, 2 days later).
• Exercise: 37,921 shares acquired at $0.59 each (code M).
• Sales: three open-market sale blocks totaling 37,921 shares:
  • 5,295 shares — weighted avg $15.54 (range $15.17–$16.13) — proceeds $82,271 (F2).
  • 17,806 shares — weighted avg $16.73 (range $16.30–$17.29) — proceeds $297,955 (F3).
  • 14,820 shares — weighted avg $17.50 (range $17.31–$17.77) — proceeds $259,372 (F4).
  • Total gross proceeds from sales: ~$639,598.
• Footnote F1: sales were made pursuant to a previously adopted Rule 10b5-1 trading plan. F2–F4 note weighted‑avg prices and price ranges; the reporter can provide detailed per‑share prices on request.
• Shares owned after the transactions: not provided in the excerpt.

Context

• The filing shows an exercise of vested options followed by contemporaneous sales of the resulting shares. This pattern is common when insiders exercise options and liquidate shares (often under pre-established 10b5-1 plans); it is a disposition, not an explicit signal of company prospects. The SEC codes: M = exercise/conversion of derivative, S = sale.