Massaro Michael 4

What Happened Michael Massaro, CEO of Flywire Corp (FLYW), sold 50,000 shares on June 15, 2026 in open-market transactions under a previously adopted Rule 10b5-1 trading plan. The sales were executed at a weighted-average price of $15.26 per share, generating approximately $762,940 in proceeds. The trades occurred at prices ranging from $15.01 to $15.49.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears filed two days after the trade).
• Shares sold: 50,000; weighted-average price reported $15.26; price range $15.01–$15.49.
• Total proceeds: ~$762,940.
• Reporting footnotes: F1 — sale executed under a previously adopted Rule 10b5-1 trading plan; F2 — weighted-average price with multiple trade prices (issuer can provide breakdown on request); F3 — filing adjusted to reflect 1,815 shares acquired under the company ESPP; F4 & F5 — certain shares are held in trusts for which the reporting person disclaims beneficial ownership.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context This was a sale (not a purchase or option exercise) executed under a pre-established 10b5-1 plan, which is commonly used for scheduled liquidity and typically viewed as routine. Such sales do not, by themselves, indicate a change in an insider’s outlook on the company; purchases are generally considered more informative about insider sentiment.