Form 4: Flywire CTO David R. King Reports Routine Share Disposition for Tax Obligations

Flywire Corporation's Chief Technology Officer, David R. King, reported a disposition of 7,093 shares of common stock to satisfy income tax withholding obligations related to the net settlement of restricted stock unit awards.

Summary

• David R. King, Chief Technology Officer of Flywire Corp (FLYW), reported a transaction on June 2, 2025.
• The transaction involved the disposition of 7,093 shares of Voting Common Stock.
• This disposition was an 'F' transaction code, indicating shares were withheld by the Issuer to cover income tax withholding and remittance obligations related to the net settlement of time-based restricted stock unit awards.
• The shares were valued at $10.79 for the purpose of tax withholding.
• Following this transaction, David R. King directly beneficially owns 903,133 shares of Voting Common Stock.
• Additionally, 276,204 shares are indirectly beneficially owned through the D R King Revocable Trust Dated 10/05/07, for which Mr. King is a trustee, though he disclaims beneficial ownership except for pecuniary interests.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax purposes, which is neutral in sentiment and does not indicate any positive or negative operational or financial performance for the company.

Future Outlook

This SEC Form 4 filing is a compliance document reporting an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide information relevant to broader industry trends or competitive analysis within the payments or financial technology sectors.

Related Party Transactions

• 276,204 shares are indirectly held by the D R King Revocable Trust Dated 10/05/07, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of pecuniary interests.

Stakeholder Impact

• The transaction is a routine compliance filing and is not expected to have a material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Flywire, FLYW, SEC Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, David R. King, Chief Technology Officer, Beneficial Ownership