Form 4: Flywire Corp Executive David R. King Reports Stock Transactions
SEC Form 4 Filing
David R. King, Chief Technology Officer of Flywire Corp, reports the withholding of shares to cover tax obligations and discloses holdings in a revocable trust.
Summary
- On March 3, 2025, David R. King, the Chief Technology Officer of Flywire Corp, reported transactions involving Flywire Corp's voting common stock.
- The transactions included the withholding of 15,412 shares by the issuer to satisfy income tax obligations related to the settlement of restricted stock units at a price of $10.76 per share.
- Following the reported transactions, King directly owns 594,437 shares of voting common stock.
- King also indirectly owns 276,204 shares through the D R King Revocable Trust Dated 10/05/07, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/05/07 | Date of the D R King Revocable Trust |
| 03/03/2025 | Date of stock transaction |
| 03/05/2025 | Date of report signature |
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