Form 4: Flywire CFO Cosmin Pitigoi Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Cosmin Pitigoi, CFO of Flywire Corp, disposed of shares to cover income tax withholding obligations related to the settlement of restricted stock units.
Summary
- On March 3, 2025, Cosmin Pitigoi, the Chief Financial Officer of Flywire Corp, reported a transaction involving the disposal of 49,495 shares of Voting Common Stock.
- The disposal was executed to satisfy income tax withholding obligations related to the net settlement of time-based restricted stock unit awards.
- The shares were disposed of at a price of $10.76 per share.
- Following the transaction, Pitigoi directly owns 344,633 shares of Flywire Corp.
- The transaction did not involve an open market sale.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes. It doesn't indicate any fundamental issues with the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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