Flywire (FLYW) executive uses 9,921 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp Chief Payments Officer Mohit Kansal reported a tax-related share disposition. On June 1, 2026, 9,921 shares of Voting Common Stock were withheld at $16.61 per share to cover income tax obligations tied to vested restricted stock units.
The footnote clarifies this was not an open-market sale but issuer withholding as part of net settlement. After this transaction, Kansal directly owned 557,873 shares of Flywire common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kansal Mohit
Role
Chief Payments Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Voting Common Stock | 9,921 | $16.61 | $165K |
Holdings After Transaction:
Voting Common Stock — 557,873 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 9,921 shares
Withholding price: $16.61 per share
Shares owned after transaction: 557,873 shares
+1 more
4 metrics
Shares withheld for taxes
9,921 shares
Voting Common Stock withheld for income tax obligations
Withholding price
$16.61 per share
Value used for tax-withholding disposition
Shares owned after transaction
557,873 shares
Direct Flywire common stock holdings after withholding
Tax-withholding transactions
1 transaction, 9,921 shares
Summary of F-code tax-withholding activity in this Form 4
Key Terms
restricted stock unit, net settlement, income tax withholding, Form 4, +1 more
5 terms
restricted stock unit financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Voting Common Stock financial
"security_title": "Voting Common Stock""
FAQ
What insider transaction did Flywire (FLYW) report for Mohit Kansal?
Flywire reported that Chief Payments Officer Mohit Kansal had 9,921 shares of Voting Common Stock withheld by the company to satisfy income tax obligations from vested restricted stock units, rather than executing an open-market sale of shares.
What does the F transaction code mean in this Flywire (FLYW) Form 4?
The F transaction code indicates shares were disposed of to satisfy obligations such as taxes or exercise costs. In this case, Flywire withheld 9,921 shares from Mohit Kansal to meet income tax withholding and remittance obligations on vested restricted stock units.