Flywire exec has 15,971 shares withheld for tax
Flywire’s Chief Product Officer reported 15,971 shares withheld for tax on RSU vesting, with over 1.3 million shares reported as held directly and via a revocable trust.
Rhea-AI Filing Summary
Flywire Corp (FLYW) insider David R. King, Chief Product Officer & Co‑President of Global Education, reported a tax-withholding disposition of 15,971 shares of Voting Common Stock on September 1, 2026. The shares were withheld by Flywire to satisfy income tax withholding obligations related to the net settlement of time-based restricted stock unit awards and do not represent an open market sale.
After this transaction, King held 1,075,679 shares of Voting Common Stock directly. An additional 276,204 shares are held indirectly by the D R King Revocable Trust Dated 10/05/07, where King is a trustee and disclaims beneficial ownership except to the extent of any pecuniary interest.
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Insider Trade Summary
Tax Withholding: 15,971 shares
Tax Withholding
2 txns
Insider
King David R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Voting Common Stock F1 | 15,971 | $18.185 | $290K |
| holding | Voting Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 1,075,679 shares (Direct);
Voting Common Stock — 276,204 shares (Indirect, By Revocable Trust)
Footnotes (2)
- 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. 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.
Key Figures
Shares withheld for tax: 15,971 shares
Withholding reference price: $18.185 per share
Direct holdings after transaction: 1,075,679 shares
+2 more
5 metrics
Shares withheld for tax
15,971 shares
Shares of Voting Common Stock withheld on September 1, 2026 to satisfy income tax withholding obligations on RSU net settlement
Withholding reference price
$18.185 per share
Value used for the 15,971 shares withheld for tax on September 1, 2026
Direct holdings after transaction
1,075,679 shares
Direct Voting Common Stock held by David R. King after the September 1, 2026 tax-withholding disposition
Indirect trust holdings
276,204 shares
Voting Common Stock held by the D R King Revocable Trust Dated 10/05/07, with beneficial ownership disclaimed except for any pecuniary interests
Transaction type
Payment of tax liability by delivering or withholding securities
Form 4 transaction code F for the 15,971-share disposition on September 1, 2026
Key Terms
net settlement, restricted stock unit, Revocable Trust, pecuniary interests
4 terms
net settlement financial
"in connection with the net settlement of certain time-based restricted stock unit awards"
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.
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.
pecuniary interests financial
"except to the extent of the Reporting Person's pecuniary interests therein, if any"
FAQ
What insider transaction did FLYW executive David R. King report on September 1, 2026?
He reported a disposition of 15,971 shares of Flywire Voting Common Stock on September 1, 2026, consisting of shares withheld by Flywire to cover income tax withholding obligations from net settlement of time-based RSU awards, not an open market sale.
Was the FLYW insider transaction an open market sale?
No. The filing states the 15,971 shares were withheld by the issuer to satisfy income tax withholding and remittance obligations upon net settlement of RSUs and “does not represent an open market sale.”
What are the indirect Flywire (FLYW) holdings reported for David R. King?
The filing reports 276,204 shares of Flywire Voting Common Stock held indirectly by the D R King Revocable Trust Dated 10/05/07. King is a trustee and disclaims beneficial ownership except to the extent of any pecuniary interests.
Was the Flywire (FLYW) insider transaction under a Rule 10b5-1 trading plan?
No Rule 10b5-1 trading plan is reported. The document-level checkbox for transactions under a Rule 10b5-1 plan is unchecked, and the footnotes do not describe any trading plan for this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
