Flywire holder exercises options for 100K shares
Voss Capital–related funds exercised options to add 100,000 Flywire shares and now report over 11.1 million shares held indirectly in managed accounts, plus other fund positions.
Rhea-AI Filing Summary
Flywire Corp (FLYW) had a Form 4 filed by a group of more-than-10% holders led by Voss Capital and related entities. On September 18, 2026, call options in managed accounts of Voss Capital were exercised to acquire 100,000 shares of voting common stock at an exercise price of $10.00 per share, increasing indirect holdings in those accounts to 11,169,321 shares. The options themselves (1,000 call option contracts) were disposed of upon exercise. Additional indirect holdings reported include 2,250,000 shares held by Voss Value Master Fund and 366,617 shares held by Voss Value-Oriented Special Situations Fund. A remaining call option position over 50,000 underlying shares at a $7.50 exercise price expiring December 18, 2026 is also reported. No Rule 10b5-1 trading plan is indicated, and each reporting person disclaims beneficial ownership beyond its pecuniary interest.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
1,000 shares exercised/converted
Exercise
5 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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Call Option (right to buy) F5, F1, F4 | 1,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Voting common stock, $0.0001 par value per share F1, F4 | 100,000 | $10.00 | $1.00M |
| holding | Call Option (right to buy) F5, F1, F4 | -- | -- | -- |
| holding | Voting common stock, $0.0001 par value per share F1, F2 | -- | -- | -- |
| holding | Voting common stock, $0.0001 par value per share F1, F3 | -- | -- | -- |
Holdings After Transaction:
Call Option (right to buy) — 500 contracts for 50,000 underlying shares (Indirect, By: Managed Accounts of Voss Capital, LP);
Voting common stock, $0.0001 par value per share — 11,169,321 shares (Indirect, By: Managed Accounts of Voss Capital, LP);
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 — 366,617 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 acquired via option exercise: 100,000 shares
Exercise price of options: $10.00 per share
Indirect holdings in Voss managed accounts: 11,169,321 shares
+5 more
8 metrics
Shares acquired via option exercise
100,000 shares
Voting common stock acquired on September 18, 2026 through exercise of call options at $10.00 per share
Exercise price of options
$10.00 per share
Exercise price for call options exercised into 100,000 shares on September 18, 2026
Indirect holdings in Voss managed accounts
11,169,321 shares
Voting common stock indirectly held after the reported transactions in Voss Capital managed accounts
Voss Value Master Fund holdings
2,250,000 shares
Indirectly held voting common stock position reported for Voss Value Master Fund, LP
Special Situations Fund holdings
366,617 shares
Indirectly held voting common stock position reported for Voss Value-Oriented Special Situations Fund, LP
Remaining option exercise price
$7.50 per share
Exercise price of remaining call option position expiring December 18, 2026 over 50,000 underlying shares
Remaining option underlying shares
50,000 shares
Underlying Flywire voting common stock for remaining call options expiring December 18, 2026
Exercised call option contracts
1,000 contracts
Call options disposed of in connection with exercise into 100,000 shares on September 18, 2026
Key Terms
Call Option (right to buy), pecuniary interest, Section 13(d) of the Securities Exchange Act of 1934, beneficially own, +1 more
5 terms
Call Option (right to buy) financial
"securityTitle shows Call Option (right to buy) with underlying common stock"
pecuniary interest financial
"Each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest"
Section 13(d) of the Securities Exchange Act of 1934 regulatory
"Each of the Reporting Persons is a member of a group for purposes of Section 13(d)"
Section 13(d) of the Securities Exchange Act of 1934 is a U.S. rule that requires anyone who buys more than 5% of a public company’s shares to publicly disclose who they are, how many shares they own, and their intentions toward the company. For investors, this is like a neighborhood alert when someone acquires a large stake in a building: it reveals potential changes in control or strategy that could affect the stock’s price, governance, or future direction.
beneficially own financial
"may be deemed to beneficially own the securities owned directly by the funds"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
managed accounts financial
"Securities held in certain accounts separately managed by Voss Capital"
Managed accounts are collections of investments owned by an individual or institution but run day-to-day by a professional who buys, sells and allocates assets according to an agreed plan. They matter to investors because they provide tailored oversight, active risk control and potential tax efficiency—like hiring a personal chef to manage your diet—while fees and the manager’s skill directly affect returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Voss Capital report for Flywire Corp (FLYW)?
Voss Capital–related reporting persons disclosed exercising call options on September 18, 2026 to acquire 100,000 shares of Flywire voting common stock at a $10.00 exercise price per share in accounts managed by Voss Capital.
What options on Flywire (FLYW) does Voss Capital still report holding?
The filing reports a remaining call option position with an exercise price of $7.50 per share, expiring on December 18, 2026, over 50,000 underlying shares of Flywire voting common stock, held indirectly through Voss Capital managed accounts.
Was the Flywire (FLYW) insider transaction made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not affirmed for this Form 4, and the footnotes describe ownership structures and disclaimers but do not indicate that the September 18, 2026 transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
