Flywire (FLYW) President Rob Orgel Withholds 21,979 Shares

What Happened

• Rob Orgel, President and COO of Flywire Corp (FLYW), had 21,979 shares withheld to cover income tax withholding related to the net settlement of time‑based restricted stock units (RSUs). The shares were valued at $18.18 each, for a total of $399,688.
• This is a tax withholding / net settlement event (transaction code F), not an open‑market sale or discretionary sale by the insider.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (Form 4 filed timely).
• Price per share: $18.18; Shares withheld/disposed: 21,979; Total value: $399,688.
• Shares withheld were to satisfy tax withholding on RSUs (Footnote F1: not an open market sale).
• Footnote F2: amount was adjusted to reflect 1,815 shares acquired under the company’s Employee Stock Purchase Plan (ESPP).
• Shares owned after the transaction: not specified in the summary provided — see the full Form 4 for post-transaction beneficial ownership.

Context

• This was a net settlement/tax withholding of RSUs (common when restricted awards vest). It reduces the insider’s outstanding vested shares but does not necessarily indicate a change in sentiment since no open‑market sale occurred.
• Transaction code F indicates withholding to satisfy tax obligations; for retail investors, net settlements are routine and primarily administrative.