10% Flywire (FLYW) holder Voss Capital sells 104K shares
Rhea-AI Filing Summary
Flywire Corp (FLYW) received a Form 4 reporting that investment entities associated with Voss Capital, LP, which are part of a group owning over 10% of Flywire’s common stock, executed open-market sales of the company’s voting common stock. On August 18–19, 2026, these entities sold a total of 104,500 shares at prices ranging from $18.2368 to $18.8595 per share through Voss Value Master Fund, LP and certain managed accounts of Voss Capital. The filing also reports an indirect holding of 375,000 shares by Voss Value-Oriented Special Situations Fund, LP, plus call options, held in managed accounts, that are immediately exercisable to acquire up to 100,000 shares at $10.00 per share expiring September 18, 2026 and 50,000 shares at $7.50 per share expiring December 18, 2026. The reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 104,500 shares
Net Sell
10 txns
Insider
Voss Capital, LP, Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Cocke Travis W.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
104,500 shs ($1.93M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting common stock, $0.0001 par value per share F1, F4 | 25,000 | $18.8595 | $471K |
| Sale | Voting common stock, $0.0001 par value per share F1, F2 | 9,277 | $18.2368 | $169K |
| Sale | Voting common stock, $0.0001 par value per share F1, F2 | 9,276 | $18.2368 | $169K |
| Sale | Voting common stock, $0.0001 par value per share F1, F2 | 15,723 | $18.3962 | $289K |
| Sale | Voting common stock, $0.0001 par value per share F1, F2 | 15,724 | $18.3962 | $289K |
| Sale | Voting common stock, $0.0001 par value per share F1, F4 | 10,947 | $18.2368 | $200K |
| Sale | Voting common stock, $0.0001 par value per share F1, F4 | 18,553 | $18.3962 | $341K |
| holding | Call Option (right to buy) F5, F1, F4 | -- | -- | -- |
| holding | Call Option (right to buy) F5, F1, F4 | -- | -- | -- |
| holding | Voting common stock, $0.0001 par value per share F1, F3 | -- | -- | -- |
Holdings After Transaction:
Voting common stock, $0.0001 par value per share — 2,250,000 shares (Indirect, By: Voss Value Master Fund, L.P.);
Voting common stock, $0.0001 par value per share — 11,500,000 shares (Indirect, By: Managed Accounts of Voss Capital, LP);
Call Option (right to buy) — 150,000 shares (Indirect, By: Managed Accounts of Voss Capital, LP);
Voting common stock, $0.0001 par value per share — 375,000 shares (Indirect, By: Voss Value-Oriented Special Situations Fund, L.P.)
Footnotes (5)
- F1. This Form 4 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund.
- F3. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund.
- F4. Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts.
- F5. Such call options were immediately exercisable upon their acquisition.
Key Figures
Shares sold: 104,500 shares
Sale price range: $18.2368–$18.8595 per share
Indirect holding: 375,000 shares
+4 more
7 metrics
Shares sold
104,500 shares
Total net shares sold by Voss-affiliated entities on August 18–19, 2026
Sale price range
$18.2368–$18.8595 per share
Prices for reported open-market or private sales of Flywire common stock
Indirect holding
375,000 shares
Voting common stock held indirectly by Voss Value-Oriented Special Situations Fund, LP
Call option strike price
$10.00
Call options on 100,000 underlying Flywire shares expiring September 18, 2026
Call option strike price
$7.50
Call options on 50,000 underlying Flywire shares expiring December 18, 2026
Underlying shares for options
150,000 shares
Total underlying Flywire shares for reported call option positions in managed accounts
Group ownership threshold
Over 10%
Group of reporting persons collectively beneficially owns over 10% of Flywire’s outstanding common stock
Key Terms
Call Option (right to buy), beneficial ownership, pecuniary interest, Section 13(d), +1 more
5 terms
Call Option (right to buy) financial
"security_title: Call Option (right to buy)"
beneficial ownership financial
"Each Reporting Person disclaims beneficial ownership of the securities reported"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
Section 13(d) regulatory
"member of a group for purposes of Section 13(d) of the Securities Exchange Act"
A Section 13(d) filing is a public disclosure required under U.S. securities law when a person or group acquires more than 5% of a company’s registered equity and may influence control. The filer must report who owns the shares, how they were acquired, and any plans or intentions for the company, so the market and other shareholders can see if a large buyer is attempting a takeover or other strategic move. Think of it like a formal announcement that someone has crossed a threshold and is showing their hand.
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider activity did the Voss group report in Flywire Corp (FLYW) on this Form 4?
The Voss-affiliated entities reported open-market sales of 104,500 Flywire shares on August 18–19, 2026. The trades were executed through Voss Value Master Fund, LP and certain Voss Capital managed accounts at prices around $18–$19 per share.
What call option positions on Flywire (FLYW) does the Form 4 show for Voss-managed accounts?
Voss-managed accounts hold call options immediately exercisable into 100,000 shares at $10.00 expiring September 18, 2026 and 50,000 shares at $7.50 expiring December 18, 2026. Both options reference Flywire voting common stock as the underlying security.
Do the Voss reporting persons claim full beneficial ownership of the Flywire (FLYW) securities reported?
No. The reporting persons expressly disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest. The Form 4 states this does not constitute an admission of beneficial ownership for Section 16 or other purposes.
Were the Flywire (FLYW) option positions immediately exercisable according to the Form 4?
Yes. A footnote states the reported call options were immediately exercisable upon their acquisition. They cover 150,000 underlying shares in total, split between strikes of $10.00 and $7.50 with expirations in September and December 2026.
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