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

Rob Orgel, President and COO of Flywire Corp, sold 3,815 shares of common stock on June 5, 2024, to cover tax withholding obligations.

Summary

• On June 5, 2024, Rob Orgel, the President and COO of Flywire Corp, sold 3,815 shares of the company's common stock.
• The sale was executed at a price of $16.691 per share.
• The transaction was conducted to cover tax withholding obligations related to the settlement of time-based restricted stock unit awards.
• Following the transaction, Orgel directly owns 481,396 shares of Flywire Corp.

Sentiment

Score: 7

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it reflects a common practice of selling shares to cover tax obligations.

Industry Context

Sales of shares to cover tax obligations are a common practice among executives who receive stock-based compensation. This transaction is a routine part of executive compensation and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

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

Key Dates