Flywire (FLYW) CFO has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp’s Chief Financial Officer, Cosmin Pitigoi, reported a tax-related stock transaction. On March 2, 2026, the company withheld 39,722 shares of Voting Common Stock at $12.43 per share to satisfy income tax obligations on vested restricted stock units.
The footnote explains this was a tax-withholding disposition and not an open market sale. After this withholding, Pitigoi’s direct holdings total 962,138 shares of Voting Common Stock, showing he continues to hold a substantial equity position in Flywire.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pitigoi Cosmin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Voting Common Stock | 39,722 | $12.43 | $494K |
Holdings After Transaction:
Voting Common Stock — 962,138 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Flywire (FLYW) report for its CFO?
Flywire’s CFO, Cosmin Pitigoi, reported a tax-withholding disposition of 39,722 shares. The shares were withheld by the company on March 2, 2026 to cover income tax obligations tied to vested restricted stock units, not sold on the open market.
What does transaction code F mean in the Flywire (FLYW) Form 4?
Transaction code F on the Flywire Form 4 indicates a tax-withholding disposition. It means shares were delivered or withheld to pay the exercise price or income tax liability, rather than being bought or sold in an open market stock transaction.
How is the Flywire (FLYW) CFO’s transaction described in the Form 4 footnote?
The footnote explains the 39,722 shares represent stock withheld by Flywire. The withholding satisfies income tax and remittance obligations from the net settlement of time-based restricted stock unit awards and explicitly states this does not represent an open market sale of shares.