Form 4: Flywire CTO Plans Stock Disposition for Tax Obligations

Flywire's Chief Technology Officer, David R. King, reported a planned disposition of 10,725 shares of common stock to cover tax obligations related to restricted stock unit awards.

Summary

• David R. King, Chief Technology Officer of Flywire Corp, reported a planned transaction for September 2, 2025.
• The transaction, made pursuant to a Rule 10b5-1 plan, involves the disposition of 10,725 shares of Voting Common Stock at a price of $13.13 per share.
• This disposition is not an open market sale but represents shares to be withheld by Flywire to satisfy income tax withholding and remittance obligations related to the net settlement of time-based restricted stock unit awards.
• Following this planned transaction, King will directly beneficially own 892,408 shares of Voting Common Stock.
• Additionally, 276,204 shares are indirectly held by the D R King Revocable Trust Dated 10/05/07, for which King is a trustee, though he disclaims beneficial ownership except for pecuniary interests.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a common and expected event for executives and does not indicate a change in company fundamentals or insider sentiment.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, which solely reports a planned insider transaction.

Industry Context

This filing is a routine insider transaction report specific to an individual executive and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact as the transaction is a routine tax-related disposition by an executive, not an open market sale reflecting a change in insider sentiment or company performance.

Key Dates

Recommendation

The filing details a routine, pre-planned tax-related disposition of shares by a Chief Technology Officer to cover obligations from restricted stock unit awards. This is a common and expected event for executives and does not reflect a change in the company's operational performance, strategic direction, or the insider's long-term view of the company. Therefore, it provides no new information to warrant a change in investment recommendation.

Keywords

Flywire, FLYW, David R. King, Chief Technology Officer, CTO, stock transaction, Form 4, insider trading, restricted stock units, RSU, tax withholding, 10b5-1 plan