Form 4 for FLYW Flywire Corp
Accepted 2023-08-17 00:00:00 ET · period of report 2023-08-15 · accession 0000950170-23-043210 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DT | 2023-08-17 | 2023-08-15 | FLYW | Ellis Michael G | CFO | S - Sale+OE | $30.29 | -75.0K | 246.3K | -23% | -$2.27M |
| DT | 2023-08-17 | 2023-08-15 | FLYW | Ellis Michael G | CFO | M - OptEx | $3.95 | +75.0K | 321.3K | +30% | +$296.2K |
| DT | 2023-08-17 | 2023-08-15 | FLYW | Ellis Michael G | CFO | M - OptEx | $0.00 | -75.0K | 120.0K | -38% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Voting Common Stock | 2023-08-15 | S | D | 75,000 | $30.29 | 246,345 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.93 to $30.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the ranges set forth in this footnote 5 to this Form 4. |
| 2 | Common | Voting Common Stock | 2023-08-15 | M | A | 75,000 | $3.95 | 321,345 | D | — | — | (F3) Amount reflects an annuity payment of 1,122 shares from the Michael Ellis 2021 Grantor Retained Annuity Trust No. 2, of which the Reporting Person is a trustee, to the Reporting Person. (F2) Amount reflects an annuity payment and final distribution of 18,125 shares from the Michael Ellis 2021 Grantor Retained Annuity Trust No. 1, of which the Reporting Person is a trustee, to the Reporting Person. (F1) Adjusted to reflect 639 shares acquired under the Issuer's Employee Stock Purchase Plan. |
| 3 | Derivative | Stock Option (right to buy) | 2023-08-15 | M | D | 75,000 | $0.00 | 120,000 | D | $3.95 · — to 2031-01-20 | 75,000 Voting Common Stock | (F7) The shares originally subject to this option vest over 4 years of service following January 21, 2021, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter. |