Form 4: Flywire Corp Insider Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
Peter Butterfield, General Counsel and CCO of Flywire Corp, sold 6,188 shares of common stock for approximately $14.40 per share under a pre-arranged trading plan.
Summary
- Peter Butterfield, General Counsel and Chief Compliance Officer (CCO) of Flywire Corp, reported a sale of 6,188 shares of common stock.
- The transaction occurred on June 5, 2026, and was executed under a Rule 10b5-1 trading plan, indicating it was pre-arranged.
- The weighted average sales price was $14.40 per share, with individual sales ranging from $14.26 to $14.5977.
- Following the sale, Butterfield beneficially owns 658,680 shares of Flywire Corp common stock.
- The reported shares were sold directly, and the filing also notes an adjustment for 704 shares acquired under the company's Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as the sale was conducted under a pre-arranged Rule 10b5-1 plan, which is a standard and legally protected method for insiders to divest shares.
Negatives
- Insider selling can sometimes be perceived negatively by the market, although this sale was conducted under a pre-established trading plan.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports a past transaction.
Industry Context
StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common and are designed to provide an affirmative defense against allegations of insider trading by allowing executives to sell shares at predetermined times and prices. This filing indicates standard corporate practice for managing executive stock holdings.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Rule 10b5-1 Trading Plan | Sale of securities executed pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | Prior to 06/05/2026 | Ensures compliance with insider trading regulations by establishing a pre-determined plan for stock transactions. |
Stakeholder Impact
- Shareholders: The sale by a key executive might be monitored, but the use of a 10b5-1 plan mitigates concerns about insider trading. The overall impact on share price is likely minimal given the nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 06/05/2026 | Earliest transaction date and date of stock sale. |
| 06/09/2026 | Date of signature for the filing. |
Keywords
Flywire Corp, FLYW, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Peter Butterfield, General Counsel, CCO, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.