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Flywire (FLYW) director Riese gets RSU grant, exercises options and sells shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Flywire Corp director Phillip John Riese reported a mix of equity awards, option exercise, and routine share sales. He received 11,558 voting common shares as a restricted stock unit award that will vest on the earlier of June 2, 2027 or the company’s next annual stockholder meeting, with accelerated vesting upon a change in control, death, or disability.

Riese exercised options to acquire 5,000 voting common shares at $0.59 per share and sold a total of 5,000 shares in open-market transactions at weighted average prices around the mid-$15 to $16 range under a previously adopted Rule 10b5-1 trading plan. After these transactions, he directly holds 234,493 shares of voting common stock and 48,000 fully vested stock options.

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Insider Riese Phillip John
Role Director
Sold 5,000 shs ($77K)
Approx. gross sale proceeds $77K
Approx. exercise cost $3K
Approx. pre-tax spread $74K
Type Security Shares Price Value
Exercise Stock Option (right to buy) 5,000 $0.00 $0.00
Exercise Voting Common Stock 5,000 $0.59 $3K
Sale Voting Common Stock 4,800 $15.3946 $74K
Sale Voting Common Stock 200 $16.1825 $3K
Grant/Award Voting Common Stock 11,558 $0.00 $0.00
Holdings After Transaction: Stock Option (right to buy) — 48,000 shares (Direct); Voting Common Stock — 246,051 shares (Direct)
Footnotes (5)
  1. F1. Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan.
  2. F2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.09 to $15.88. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  3. F3. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $16.155 to $16.21. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
  4. F4. Represents a restricted stock unit award that vests on the earlier of (a) June 2, 2027, and (b) the Issuer's next annual meeting of stockholders, provided that the Reporting Person has provided continuous service to the Issuer through such date. In addition, the restricted stock unit award will accelerate and fully vest upon a change in control, or the Reporting Person's earlier death or disability.
  5. F5. The shares subject to this option are fully vested.
RSU grant 11,558 shares Restricted stock unit award of voting common stock on June 2, 2026
Shares sold at $15.3946 4,800 shares Open-market sale at weighted average price; trades $15.09–$15.88
Shares sold at $16.1825 200 shares Open-market sale at weighted average price; trades $16.155–$16.21
Option exercise size 5,000 shares Voting common shares acquired via option exercise on June 2, 2026
Option strike price $0.59/share Conversion or exercise price for exercised stock options
Common shares after transactions 234,493 shares Direct holdings of voting common stock following sales
Remaining stock options 48,000 options Fully vested options outstanding after exercise; expire December 14, 2026
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock unit award financial
"Represents a restricted stock unit award that vests on the earlier of (a) June 2, 2027, and (b) the Issuer's next annual meeting of stockholders"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
weighted average sales price per share financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.09 to $15.88."
change in control regulatory
"the restricted stock unit award will accelerate and fully vest upon a change in control, or the Reporting Person's earlier death or disability."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
fully vested financial
"The shares subject to this option are fully vested."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Flywire (FLYW) director Phillip John Riese report?
Phillip John Riese reported a grant of 11,558 restricted stock units, an exercise of 5,000 stock options at $0.59, and open-market sales totaling 5,000 Flywire common shares on June 2, 2026, according to the Form 4 filing.

How many Flywire (FLYW) shares does Phillip John Riese hold after these Form 4 transactions?
After the reported transactions, Phillip John Riese holds 234,493 shares of Flywire voting common stock directly, plus 48,000 fully vested stock options, providing ongoing equity exposure despite the 5,000 shares sold in the open market.

At what prices did Phillip John Riese sell Flywire (FLYW) shares on June 2, 2026?
Riese sold 4,800 Flywire shares at a weighted average price of $15.3946 and 200 shares at $16.1825, with individual trades ranging from $15.09 to $16.21, as disclosed in the weighted average pricing footnotes.

Were Phillip John Riese’s Flywire (FLYW) share sales under a Rule 10b5-1 trading plan?
Yes. The filing states the Flywire shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan, indicating the sale timing was pre-arranged rather than decided spontaneously in response to short-term market conditions.

What are the vesting terms of Phillip John Riese’s new Flywire (FLYW) restricted stock units?
The 11,558 restricted stock units vest on the earlier of June 2, 2027 or Flywire’s next annual stockholder meeting, provided continuous service. Vesting also accelerates upon a change in control, or upon Riese’s death or disability, according to the Form 4 footnotes.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Riese Phillip John
(Last)(First)(Middle)
C/O FLYWIRE CORPORATION
141 TREMONT STREET, SUITE 10
(Street)
BOSTON MASSACHUSETTS 02111
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Flywire Corp [ FLYW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Voting Common Stock06/02/2026M5,000A$0.59239,493D
Voting Common Stock06/02/2026S(1)4,800D$15.3946(2)234,693D
Voting Common Stock06/02/2026S(1)200D$16.1825(3)234,493D
Voting Common Stock06/02/2026A11,558(4)A$0246,051D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy)$0.5906/02/2026M5,000 (5)12/14/2026Voting Common Stock5,000$0.0048,000D
Explanation of Responses:
1. Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan.
2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.09 to $15.88. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
3. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $16.155 to $16.21. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
4. Represents a restricted stock unit award that vests on the earlier of (a) June 2, 2027, and (b) the Issuer's next annual meeting of stockholders, provided that the Reporting Person has provided continuous service to the Issuer through such date. In addition, the restricted stock unit award will accelerate and fully vest upon a change in control, or the Reporting Person's earlier death or disability.
5. The shares subject to this option are fully vested.
/s/Phillip John Riese06/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR