STOCK TITAN

Flywire (FLYW) CFO has 18,890 shares withheld to cover RSU tax obligations

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

Rhea-AI Filing Summary

Flywire Corp's Chief Financial Officer, Cosmin Pitigoi, reported a routine tax-related share disposition. On the transaction date, 18,890 shares of Voting Common Stock were withheld by the company at a price of $16.61 per share to cover income tax obligations tied to vested restricted stock units.

The filing specifies this was a net settlement and not an open market sale. After this withholding, Pitigoi directly holds 878,248 shares of Flywire common stock. This type of transaction reflects standard tax withholding mechanics rather than a discretionary decision to sell shares in the market.

Positive

  • None.

Negative

  • None.
Insider Pitigoi Cosmin
Role Chief Financial Officer
Type Security Shares Price Value
Tax Withholding Voting Common Stock 18,890 $16.61 $314K
Holdings After Transaction: Voting Common Stock — 878,248 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 18,890 shares Tax withholding on RSU vesting
Withholding price per share $16.61 per share Value used for tax-withholding disposition
Shares held after transaction 878,248 shares Direct holdings after tax withholding
Transaction code F Payment of tax liability by delivering securities
Transaction type Tax-withholding disposition Non-derivative common stock
restricted stock unit awards financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
net settlement financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Voting Common Stock financial
"security_title: "Voting Common Stock""
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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).
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*
Pitigoi Cosmin

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
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 Stock06/01/2026F18,890(1)D$16.61878,248D
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
Explanation of Responses:
1. Represents the number of shares of common stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of certain time-based restricted stock unit awards and does not represent an open market sale.
/s/ Cosmin Pitigoi06/03/2026
** 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)

FAQ

What insider transaction did Flywire (FLYW) report for CFO Cosmin Pitigoi?

Flywire reported that CFO Cosmin Pitigoi had 18,890 shares of Voting Common Stock withheld for taxes. These shares covered income tax obligations from vested restricted stock units and were not sold in the open market, according to the filing details and accompanying footnote.

Was the Flywire (FLYW) CFO’s Form 4 transaction an open market sale?

No, the Flywire CFO’s Form 4 transaction was not an open market sale. The filing states the 18,890 shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to restricted stock unit vesting, rather than sold to public market buyers.

How many Flywire (FLYW) shares were withheld for taxes in this Form 4?

The Form 4 shows 18,890 Flywire Voting Common Stock shares were withheld. These shares were used to meet income tax withholding and remittance obligations arising from the net settlement of certain time-based restricted stock unit awards granted to CFO Cosmin Pitigoi.

At what price were the Flywire (FLYW) shares valued for the tax withholding?

The withheld Flywire shares were valued at $16.61 per share for the transaction. This price is used in the Form 4 to calculate the value of the 18,890 shares applied toward satisfying income tax withholding obligations on vested restricted stock unit awards.

How many Flywire (FLYW) shares does the CFO hold after this Form 4 transaction?

After the tax withholding transaction, the CFO directly holds 878,248 Flywire Voting Common Stock shares. This post-transaction balance reported in the Form 4 provides context that the withheld 18,890 shares represent a relatively small portion of his overall direct equity position.

What is the nature of the Flywire (FLYW) CFO’s Form 4 tax-withholding transaction?

The Form 4 describes the transaction as a tax-withholding disposition linked to restricted stock units. Shares were withheld by Flywire to meet income tax obligations from net settlement of time-based restricted stock unit awards, a common non-market mechanism for handling equity compensation taxes.