Form 4: Flywire Corp Executive Peter Butterfield Sells Shares to Cover Tax Obligations

Flywire Corp's General Counsel and CCO, Peter Butterfield, sold 1,104 shares of common stock on June 3, 2024, to cover tax withholding obligations.

Summary

• On June 3, 2024, Peter Butterfield, the General Counsel and CCO of Flywire Corp, sold 1,104 shares of the company's common stock.
• The sale was executed at a price of $16.949 per share.
• The transaction was non-discretionary and intended to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
• Following the transaction, Butterfield directly owns 281,481 shares of Flywire Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial condition.

Key Dates