Form 4: Flywire Corp Executive David R. King Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David R. King, Chief Technology Officer of Flywire Corp, sold 3,381 shares of voting common stock to cover tax withholding obligations.
Summary
- On June 3, 2024, David R. King, the Chief Technology Officer of Flywire Corp, sold 3,381 shares of voting common stock at a price of $16.949 per share.
- The sale was executed to cover tax withholding obligations upon the settlement of time-based restricted stock unit awards.
- Following the transaction, King directly owns 622,185 shares and indirectly owns 276,204 shares through the D R King Revocable Trust Dated 10/05/07.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/05/07 | Date of the D R King Revocable Trust |
| 06/03/2024 | Date of the stock sale transaction |
| 06/05/2024 | Date of the Form 4 filing |
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