Form 4: Flywire Corp President and COO Rob Orgel Sells Shares to Cover Tax Obligations

Rob Orgel, President and COO of Flywire Corp, sold shares of voting common stock on March 4th and 5th, 2024, to cover tax withholding obligations.

Summary

• On March 4, 2024, Rob Orgel, the President and COO of Flywire Corp, sold 17,150 shares of voting common stock at a price of $27.3 per share.
• On March 5, 2024, Orgel sold an additional 3,822 shares of voting common stock at a price of $27.175 per share.
• These sales were executed to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
• Following these transactions, Orgel directly owns 464,463 shares of Flywire Corp voting common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it reflects standard executive compensation practices.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. The market typically views these sales in the context of the executive's overall holdings and the reasons behind the transaction.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the stated reason for the sale.

Key Dates