Flywire officer sells 12,423 shares at $18.69 avg
Flywire’s Chief Payments Officer had shares withheld for RSU taxes and sold additional shares under a Rule 10b5‑1 trading plan.
Rhea-AI Filing Summary
Flywire Corp (FLYW) reported that Chief Payments Officer Mohit Kansal disposed of Voting Common Stock in two transactions. On September 1, 2026, 9,923 shares were withheld to satisfy income tax obligations related to net settlement of time-based RSU awards, which did not involve any open-market sale. On September 2, 2026, he sold 12,423 shares in open-market or private transactions at a weighted average price of $18.6945 per share, executed under a previously adopted Rule 10b5-1 trading plan, with individual sale prices ranging from $18.04 to $19.04.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,423 shares
Net Sell
2 txns
Insider
Kansal Mohit
Role
Chief Payments Officer
Sold
12,423 shs ($232K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock F2, F3 | 12,423 | $18.6945 | $232K |
| Tax Withholding | Voting Common Stock F1 | 9,923 | $18.185 | $180K |
Holdings After Transaction:
Voting Common Stock — 478,324 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.04 to $19.04, 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.
Key Figures
Shares sold: 12,423 shares
Weighted average sale price: $18.6945 per share
Sale price range: $18.04–$19.04 per share
+3 more
6 metrics
Shares sold
12,423 shares
Voting Common Stock sold on September 2, 2026
Weighted average sale price
$18.6945 per share
September 2, 2026 open-market or private sale
Sale price range
$18.04–$19.04 per share
Price range for the September 2, 2026 sale transactions
Shares withheld for taxes
9,923 shares
Withheld on September 1, 2026 for income tax obligations on RSU net settlement
Tax withholding transaction price
$18.1850 per share
Value used for the 9,923-share tax withholding on September 1, 2026
Net buy/sell shares
12,423 shares net sold
Net common stock direction across reported transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, net settlement, restricted stock unit awards
4 terms
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
net settlement financial
"in connection with the net settlement of certain time-based restricted stock"
restricted stock unit awards financial
"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.
FAQ
What insider transactions did FLYW report for Mohit Kansal?
The report shows two transactions: on September 1, 2026, 9,923 shares were withheld to cover taxes on RSU net settlement, and on September 2, 2026, 12,423 shares of Voting Common Stock were sold in multiple transactions.
Were the Flywire (FLYW) insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states that the September 2, 2026 sale of 12,423 shares was made pursuant to a previously adopted Rule 10b5-1 trading plan, and the document-level Rule 10b5-1 checkbox is also affirmed.
What type of stock was involved in Mohit Kansal’s Flywire (FLYW) Form 4 transactions?
Both reported transactions involved Voting Common Stock of Flywire Corp, including shares withheld for RSU-related taxes and shares sold in the open market or private transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.