Flywire (NASDAQ: FLYW) CPO sells 54,543 shares in 10b5-1 trade
Rhea-AI Filing Summary
Flywire Corp Chief Payments Officer Mohit Kansal sold 54,543 shares of Voting Common Stock in an open-market transaction. The shares were sold at a weighted average price of $15.1549 per share, with individual trade prices ranging from $14.79 to $15.50.
After this sale, Kansal directly holds 504,320 shares of Flywire common stock, which reflects an adjustment for 990 shares acquired under the company’s Employee Stock Purchase Plan. The sale was carried out under a previously adopted Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than timed discretionarily.
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Insights
Pre-planned open-market sale represents a modest portion of Kansal’s holdings.
The filing shows Chief Payments Officer Mohit Kansal executed an open-market sale of 54,543 shares of Flywire Voting Common Stock at a weighted average price of $15.1549 per share. Trade prices ranged from $14.79 to $15.50, indicating execution across multiple price levels.
Following the transaction, Kansal directly holds 504,320 shares, a substantially larger position than the amount sold. A footnote states the sale was made under a previously adopted Rule 10b5-1 trading plan, suggesting it was pre-arranged for diversification or liquidity rather than opportunistic timing.
The position figure also reflects an adjustment for 990 shares acquired through the Employee Stock Purchase Plan. With no derivative positions listed in the filing and a significant remaining shareholding, this appears to be a routine, planned disposition whose impact on the broader investment case for Flywire is limited.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 54,543 | $15.1549 | $827K |
Footnotes (1)
- Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.79 to $15.50, inclusive. 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. Adjusted to reflect 990 shares acquired under the Issuer's Employee Stock Purchase Plan.