Form 4: Flywire CFO Reports Routine Stock Award Tax Withholding

Flywire's Chief Financial Officer, Cosmin Pitigoi, reported the disposition of 13,340 common shares to cover tax obligations related to restricted stock unit awards.

Summary

• Cosmin Pitigoi, Flywire's Chief Financial Officer, reported a transaction involving the company's common stock.
• On September 2, 2025, 13,340 shares of Flywire common stock were disposed of.
• This disposition was specifically for income tax withholding and remittance obligations associated with the net settlement of time-based restricted stock unit awards, and not an open market sale.
• The shares were valued at a deemed price of $13.13 per share for the tax withholding.
• Following this transaction, Mr. Pitigoi beneficially owns 652,882 shares of Flywire common stock.

Sentiment

Score: 6

Explanation: The transaction is a routine tax withholding event associated with the vesting of restricted stock units, indicating executive compensation and retention, which is generally neutral to slightly positive.

Positives

• The transaction indicates the vesting of restricted stock unit awards, which is a positive sign of executive compensation and retention, often tied to performance or tenure.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• Disposition of 13,340 common shares by Chief Financial Officer Cosmin Pitigoi to Flywire Corporation for tax withholding purposes related to the vesting of restricted stock unit awards.

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation event for an executive, with minimal direct impact on the company's valuation or share price. It reflects the ongoing compensation structure for key management.
• Employees: N/A (specific to one executive's compensation).

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding transaction for a company executive upon the vesting of restricted stock units. It does not provide new material information that would significantly alter the investment thesis for Flywire Corp, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Flywire, FLYW, Cosmin Pitigoi, CFO, SEC Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Executive Compensation