Form 4: Flywire Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David R. King, Chief Technology Officer of Flywire Corp, sold shares to cover tax withholding obligations upon the settlement of restricted stock units.
Summary
- On September 3, 2024, David R. King, the Chief Technology Officer of Flywire Corp, sold 3,353 shares of Voting Common Stock at a price of $18.043 per share.
- The sale was executed to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
- Following the transaction, King directly owns 620,184 shares and indirectly owns 276,204 shares through a revocable trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 10/05/07 | Date of the D R King Revocable Trust |
| 09/03/2024 | Date of the stock sale transaction |
| 09/05/2024 | Date of signature on the Form 4 filing |
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