Massaro Michael 4

What Happened

• Michael Massaro, CEO of Flywire Corp (FLYW), had 39,799 shares withheld on 2026-06-01 to satisfy tax withholding obligations related to the net settlement of time‑based restricted stock units. The withholding was at $16.61 per share, totaling approximately $661,061. This was a tax withholding/net settlement, not an open‑market sale.

Key Details

• Transaction date and price: 2026-06-01 at $16.61 per share.
• Shares withheld/disposed: 39,799; total value ≈ $661,061.
• Nature of transaction: Tax withholding in connection with net settlement of time‑based RSUs (Footnote F1) — not an open market sale.
• Trust disclosures: Some shares referenced in the filing are held in trusts (M Massaro Trust and Michael P. Massaro 2021 Irrevocable Trust); the reporting person disclaims beneficial ownership of those trust shares (Footnotes F2, F3).
• Filing: Report filed 2026-06-03 for a 2026-06-01 transaction — appears to have been filed within the normal Form 4 window.

Context

• This was a routine tax-withholding/net settlement of RSUs (cashless/net settlement), which reduces the number of shares that otherwise would be issued to the insider to cover taxes. Such withholdings do not indicate a deliberate market sale or express a view on the company’s prospects.