Flywire (FLYW) president sells 178,980 shares in Rule 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp President and COO Rob Orgel reported share dispositions. On June 1, 2026, he sold 178,980 shares of Voting Common Stock in an open-market transaction at $17.00 per share under a previously adopted Rule 10b5-1 trading plan.
On the same date, 21,979 shares were withheld at $16.61 per share to cover income tax obligations tied to net settlement of restricted stock units, which was not an open-market sale. After these transactions, he directly holds 959,061 shares of Voting Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 178,980 shares ($3,042,660)
Net Sell
2 txns
Insider
Orgel Rob
Role
President and COO
Sold
178,980 shs ($3.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 178,980 | $17.00 | $3.04M |
| Tax Withholding | Voting Common Stock | 21,979 | $16.61 | $365K |
Holdings After Transaction:
Voting Common Stock — 959,061 shares (Direct, null)
Footnotes (1)
- Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan. 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.
Key Figures
Open-market sale shares: 178,980 shares
Sale price: $17.00 per share
Tax-withholding shares: 21,979 shares
+2 more
5 metrics
Open-market sale shares
178,980 shares
Voting Common Stock sold on June 1, 2026
Sale price
$17.00 per share
Price for 178,980-share open-market sale
Tax-withholding shares
21,979 shares
Shares withheld to satisfy income tax obligations
Tax-withholding reference price
$16.61 per share
Value used for 21,979-share withholding
Post-transaction holdings
959,061 shares
Voting Common Stock directly owned after reported transactions
Key Terms
Rule 10b5-1 trading plan, open-market sale, restricted stock unit awards, income tax withholding
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.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
FAQ
What insider transactions did Flywire (FLYW) report for Rob Orgel?
Flywire President and COO Rob Orgel reported selling 178,980 shares of Voting Common Stock at $17.00 per share and a separate 21,979-share tax-withholding disposition at $16.61 per share on June 1, 2026.
Was Rob Orgel’s Flywire (FLYW) stock sale pre-planned?
Yes. The 178,980-share sale was completed under a previously adopted Rule 10b5-1 trading plan. Such plans schedule trades in advance, indicating the timing of this sale was pre-arranged rather than discretionary on the transaction date.
What does the tax-withholding transaction in Flywire (FLYW) stock represent?
The 21,979-share disposition represents shares withheld by Flywire to cover income tax obligations from net settlement of time-based restricted stock units. According to the disclosure, this withholding does not represent an open market sale of shares.