Flywire (FLYW) executive exercises stock options, lifts direct holdings above 1.09M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp executive David R. King exercised stock options to acquire 5,125 shares of Voting Common Stock at $3.95 per share. These shares were acquired through the exercise of an Employee Stock Option that is fully vested.
After this transaction, he directly holds 1,091,650 shares of Voting Common Stock and has an additional 276,204 shares reported as indirectly owned through the D R King Revocable Trust. The trust holdings are reported with a disclaimer of beneficial ownership, meaning his economic interest is limited to any pecuniary interest he may have in the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,125 shares exercised/converted
Mixed
3 txns
Insider
King David R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,125 | $0.00 | -- |
| Exercise | Voting Common Stock | 5,125 | $3.95 | $20K |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Voting Common Stock — 1,091,650 shares (Direct, null);
Voting Common Stock — 276,204 shares (Indirect, By Revocable Trust)
Footnotes (1)
- Adjusted to reflect 1,815 shares acquired under the Issuer's Employee Stock Purchase Plan. The shares are held by the D R King Revocable Trust Dated 10/05/07, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of the Reporting Person's pecuniary interests therein, if any. The shares subject to this option are fully vested as of the date hereof.
Key Figures
Options exercised: 5,125 shares
Option exercise price: $3.95 per share
Direct shares after transaction: 1,091,650 shares
+4 more
7 metrics
Options exercised
5,125 shares
Employee Stock Option exercise on Voting Common Stock
Option exercise price
$3.95 per share
Strike price for Employee Stock Option exercised
Direct shares after transaction
1,091,650 shares
Voting Common Stock directly held after option exercise
Indirect shares via trust
276,204 shares
Held by D R King Revocable Trust with beneficial ownership disclaimed
Exercised option balance
0 options
Shares subject to this specific option remaining after exercise
Option expiration date
January 20, 2031
Expiration date referenced for the Employee Stock Option grant
Adjusted ESPP shares
1,815 shares
Adjustment noted for shares acquired under Employee Stock Purchase Plan
Key Terms
Employee Stock Option, Revocable Trust, Employee Stock Purchase Plan, pecuniary interests, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (right to buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Revocable Trust financial
"The shares are held by the D R King Revocable Trust Dated 10/05/07"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Employee Stock Purchase Plan financial
"Adjusted to reflect 1,815 shares acquired under the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
pecuniary interests financial
"except to the extent of the Reporting Person's pecuniary interests therein, if any."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares"
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.
FAQ
What insider transaction did David R. King report at Flywire (FLYW)?
David R. King reported exercising Employee Stock Options to acquire 5,125 shares of Flywire Voting Common Stock at $3.95 per share. The transaction was coded as an option exercise (code M), not an open-market purchase or sale, and reflects compensation-related activity.
What is the significance of the option exercise price in David R. King’s Flywire filing?
The exercised Employee Stock Option allowed David R. King to acquire 5,125 Flywire shares at $3.95 per share. This strike price represents the cost per share under the option agreement and is separate from any market price, highlighting a compensation-based acquisition rather than an open-market trade.