Orgel Rob 4

What Happened
Rob Orgel, President and COO of Flywire Corp (FLYW), reported sales and a tax-withholding related disposition on 2026-06-01. He sold 178,980 shares in an open-market transaction at $17.00 per share, generating $3,042,660. Separately, 21,979 shares were withheld by the issuer to satisfy tax withholding in connection with the net settlement of restricted stock units, valued at approximately $365,071. The open-market sale was pursuant to a previously adopted Rule 10b5-1 trading plan.

Key Details

• Transaction dates: 2026-06-01 (reported on Form 4 filed 2026-06-03)
• Open-market sale: 178,980 shares at $17.00 — proceeds $3,042,660 (transaction code S)
• Tax withholding/net settlement: 21,979 shares at $16.61 — value $365,071 (transaction code F); these withheld shares were not an open-market sale
• Total shares disposed (sale + withheld): 200,959 shares; combined value ≈ $3,407,731 (note: withheld portion is not a market sale)
• Shares owned after transaction: Not disclosed in the provided filing summary
• Footnotes: F1 indicates the sale was executed under a Rule 10b5-1 plan; F2 explains the withheld shares were to satisfy tax obligations for RSUs and not sold on the open market
• Filing timeliness: Form 4 was filed two days after the transaction date (filed 2026-06-03 for a 2026-06-01 transaction)

Context

• Sales executed under Rule 10b5-1 plans are prearranged and often reflect scheduled or automated transactions rather than real-time trading decisions.
• The withheld shares reflect tax remittance for RSU settlement (a net settlement), not a market sell — this is a common administrative step when awards vest.
• Sales are routine insider disclosures and do not by themselves indicate company performance or management sentiment; purchases can be more directly interpreted as bullish signals.