Form 4: Flywire Corp's Chief Technology Officer, David R. King, Reports Stock Sales to Cover Tax Obligations

David R. King, Chief Technology Officer of Flywire Corp, reported the sale of company stock to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On March 4, 2024, David R. King, the Chief Technology Officer of Flywire Corp, sold 9,366 shares of Flywire's voting common stock at a price of $27.3 per share to cover tax obligations.
• Following this transaction, Mr. King directly owns 621,568 shares.
• On March 5, 2024, Mr. King sold 3,502 shares of Flywire's voting common stock at a price of $27.175 per share.
• Following this transaction, Mr. King directly owns 618,066 shares.
• Mr. King also indirectly owns 276,204 shares through the D R King Revocable Trust Dated 10/05/07, of which he is a trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales may have a minor dilutive effect on existing shareholders.

Key Dates