Form 4: Flywire CTO's Routine Stock Withholding for Taxes

Flywire Corporation's Chief Technology Officer, David R. King, reported a routine disposition of 10,725 common shares for tax withholding related to restricted stock unit awards.

Summary

• David R. King, Chief Technology Officer of Flywire Corp, reported a transaction on December 1, 2025.
• The transaction involved the disposition of 10,725 shares of Voting Common Stock at a deemed price of $13.78 per share.
• This disposition was not an open market sale but represented shares withheld by Flywire to cover income tax withholding and remittance obligations related to the net settlement of time-based restricted stock unit awards.
• Following this transaction, Mr. King directly beneficially owns 881,683 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 Mr. King is a trustee, though he disclaims beneficial ownership except for pecuniary interests.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) related to executive compensation, which is neutral in sentiment.

Future Outlook

N/A

Industry Context

This is a routine insider transaction filing (Form 4) for a specific company executive and does not provide broader industry context or trends.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary tax withholding event for an executive's compensation, not an open market sale or a significant change in ownership structure.

Key Dates

Keywords

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