Flywire Form 144 Notifies Proposed Sale of 23,890 Shares
Rhea-AI Filing Summary
Form 144 filed for Flywire Corporation (FLYW) notifies the SEC of a proposed sale of 23,890 common shares through J.P. Morgan Securities on Nasdaq with an aggregate market value of $310,331, scheduled approximately for 09/08/2025. The filing lists three vesting events that produced the shares: 14,327 shares on 03/01/2025, 7,010 shares on 09/01/2025, and 2,553 shares on 09/04/2025. It also discloses a prior sale by Peter T. Butterfield of 9,563 shares on 06/09/2025 for gross proceeds of $98,233. The filer certifies no undisclosed material adverse information.
Positive
- None.
Negative
- Insider sale planned: Proposed public sale of 23,890 shares could be interpreted as insider liquidity.
- Recent prior sale: Seller Peter T. Butterfield sold 9,563 shares on 06/09/2025 for $98,233.
Insights
TL;DR: Insider intends to sell recently vested shares; transaction appears routine with no new operational disclosures.
The Form 144 shows a planned market sale of 23,890 shares via J.P. Morgan with an indicated aggregate market value of $310,331 and multiple restricted stock vesting dates in 2025. The filing also documents a prior sale of 9,563 shares by Peter T. Butterfield on 06/09/2025 for $98,233. These disclosures are standard for Section 144 sales and provide transparency on timing and source of the shares (restricted stock vesting). There are no earnings, financing, or material operational items disclosed in this filing to suggest a broader corporate impact.
TL;DR: The filing reflects routine insider liquidity from vested awards and contains the required certifications; no governance red flags stated.
The notice identifies the source of shares as restricted stock vesting on three dates in 2025, which supports that the shares are company-issued employee awards rather than open-market acquisitions. The signer affirms absence of undisclosed material adverse information and there is no indication of special trading plans or atypical arrangements noted in the remarks. From a governance perspective, the filing meets Rule 144 disclosure expectations; however, the sale volume relative to total outstanding shares (23,890 of 120,437,014) is immaterial to capitalization and control.