Form 4: Flywire Corp Director Phillip John Riese Sells Shares
SEC Form 4
Director Phillip John Riese of Flywire Corp sold a total of 75,000 shares of voting common stock in two transactions on March 12 and 13, 2024.
Summary
- Phillip John Riese, a director of Flywire Corp, reported the sale of 50,000 shares of voting common stock on March 12, 2024, at a weighted average price of $26.4133 per share.
- The shares were sold in multiple transactions with prices ranging from $26.275 to $26.505.
- On March 13, 2024, Riese sold an additional 25,000 shares at a weighted average price of $26.2055 per share.
- These shares were sold in multiple transactions with prices ranging from $25.90 to $26.60.
- Following these transactions, Riese directly owns 207,037 shares of Flywire Corp's voting common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a director's sale of shares. It doesn't inherently convey positive or negative sentiment, but the market's reaction to insider sales can vary.
Industry Context
Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge sentiment and potential future stock performance.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Director Phillip John Riese sold 50,000 shares of Flywire Corp voting common stock. |
| 03/13/2024 | Director Phillip John Riese sold 25,000 shares of Flywire Corp voting common stock. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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