Kansal Mohit 4

What Happened
Kansal Mohit, Flywire's Chief Payments Officer, had 9,921 shares withheld at $16.61 per share (total value ~$164,788) on June 1, 2026 to satisfy tax withholding in connection with the net settlement of time‑based restricted stock units (RSUs). Although reported as a disposition on the Form 4, the transaction was a company withholding of shares for taxes — not an open‑market sale.

Key Details

• Transaction date: 2026-06-01; filing date (Form 4): 2026-06-03. The filing appears timely.
• Price reported: $16.61 per share; total value of shares withheld: $164,788.
• Transaction code: F — shares withheld to satisfy tax withholding obligations from net RSU settlement.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: Issuer withheld shares to cover income tax obligations on vested time‑based RSUs; this withholding does not represent an open market sale.

Context
Net settlement withholding is a routine administrative step when RSUs vest: the company retains shares to cover required taxes rather than the insider selling shares on the market. Such withholdings generally do not indicate insider sentiment about the company’s prospects; purchases or open‑market sales provide more direct signals to investors.