STOCK TITAN

Voss group sells 44,768 Flywire shares at $18.78

Flywire Corp (FLYW) had insider activity reported by a group of ten percent owners associated with Voss Capital.

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Flywire Corp (FLYW) had insider activity reported by a group of ten percent owners associated with Voss Capital. On 2026-08-28, accounts managed by Voss Capital sold a total of 44,768 shares of voting common stock in open market or private transactions at $18.7823 per share, held indirectly in Voss Managed Accounts. The filing also reports indirect holdings of 2,250,000 shares by Voss Value Master Fund, LP and 366,617 shares by Voss Value-Oriented Special Situations Fund, LP, along with call options over 150,000 underlying shares with exercise prices of $10.00 and $7.50 per share.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider Voss Capital, LP, Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Cocke Travis W.
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 44,768 shs ($841K)
Type Security Shares Price Value
Sale Voting common stock, $0.0001 par value per share F1, F4 37,005 $18.7823 $695K
Sale Voting common stock, $0.0001 par value per share F1, F4 7,763 $18.7823 $146K
holding Call Option (right to buy) F5, F1, F4 -- -- --
holding Call Option (right to buy) F5, F1, F4 -- -- --
holding Voting common stock, $0.0001 par value per share F1, F2 -- -- --
holding Voting common stock, $0.0001 par value per share F1, F3 -- -- --
Holdings After Transaction: Voting common stock, $0.0001 par value per share — 11,069,321 shares (Indirect, By: Managed Accounts of Voss Capital, LP); Call Option (right to buy) — 150,000 contracts (Indirect, By: Managed Accounts of Voss Capital, LP); Voting common stock, $0.0001 par value per share — 2,250,000 shares (Indirect, By: Voss Value Master Fund, L.P.); Voting common stock, $0.0001 par value per share — 366,617 shares (Indirect, By: Voss Value-Oriented Special Situations Fund, L.P.)
Footnotes (5)
  1. F1. This Form 4 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  2. F2. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund.
  3. F3. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund.
  4. F4. Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts.
  5. F5. Such call options were immediately exercisable upon their acquisition.
Shares sold by Voss Managed Accounts 44,768 shares Total voting common shares sold indirectly on 2026-08-28
Sale price per share $18.7823 per share Price for 44,768 voting common shares sold on 2026-08-28
Voss Value Master Fund holding 2,250,000 shares Indirect voting common stock holdings following transaction
Voss Value-Oriented Special Situations Fund holding 366,617 shares Indirect voting common stock holdings following transaction
Call option underlying shares at $10.00 100,000 underlying shares Call options on voting common stock, exercise price $10.00, expiring 2026-09-18
Call option underlying shares at $7.50 50,000 underlying shares Call options on voting common stock, exercise price $7.50, expiring 2026-12-18
Group beneficial ownership threshold Over 10% of outstanding shares Group status for Section 13(d) of the Exchange Act
Voss Managed Accounts financial
"Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts")."
Section 13(d) regulatory
"a group for purposes of Section 13(d) of the Securities Exchange Act of 1934"
A Section 13(d) filing is a public disclosure required under U.S. securities law when a person or group acquires more than 5% of a company’s registered equity and may influence control. The filer must report who owns the shares, how they were acquired, and any plans or intentions for the company, so the market and other shareholders can see if a large buyer is attempting a takeover or other strategic move. Think of it like a formal announcement that someone has crossed a threshold and is showing their hand.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
call options financial
"Such call options were immediately exercisable upon their acquisition."
A call option is a contract that gives its buyer the right, but not the obligation, to buy a specific number of shares at a predetermined price within a set time. Think of it like a refundable reservation to purchase a stock later at today’s agreed price: investors use calls to profit from expected price rises with smaller upfront cost than buying the stock outright, or to hedge and manage exposure, while the most they can lose is the amount paid for the contract.
beneficially own financial
"may be deemed to beneficially own the securities owned directly"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

FAQ

What insider sales in FLYW stock did the Voss Capital group report on this Form 4?

The Voss Capital group reported that Voss Capital-managed accounts sold 44,768 shares of Flywire Corp voting common stock on 2026-08-28 in open market or private transactions at a price of $18.7823 per share, held indirectly in Voss Managed Accounts.

How many FLYW shares do Voss Value Master Fund and Voss Value-Oriented Special Situations Fund hold after the reported transactions?

After the reported transactions, Voss Value Master Fund, LP indirectly holds 2,250,000 shares of Flywire voting common stock and Voss Value-Oriented Special Situations Fund, LP indirectly holds 366,617 shares, with beneficial ownership potentially attributable through Voss GP, Voss Capital, and Travis W. Cocke as described.

What derivative positions in FLYW does the Voss Capital group report on this Form 4?

The filing reports indirect holdings of call options on Flywire voting common stock over 100,000 underlying shares at a $10.00 exercise price expiring 2026-09-18, and over 50,000 underlying shares at a $7.50 exercise price expiring 2026-12-18. These call options were immediately exercisable upon acquisition.

Who are the reporting persons on this FLYW Form 4 and what is their ownership status?

The reporting persons are Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Voss Capital, LP, and Travis W. Cocke. They state they form a group that collectively beneficially owns over 10% of Flywire’s outstanding common stock for Section 13(d) purposes.

Are the FLYW shares and options reported in this Form 4 held directly by Travis W. Cocke?

No. The filing explains that the securities are held directly by Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, and Voss Managed Accounts. Beneficial ownership may be deemed through Voss GP, Voss Capital, and Travis W. Cocke, but each reporting person disclaims beneficial ownership beyond their pecuniary interest.

Were the reported FLYW call options immediately exercisable?

Yes. A footnote states that the reported Flywire call options "were immediately exercisable upon their acquisition," covering 150,000 underlying shares at exercise prices of $10.00 and $7.50 per share with expirations in September and December 2026, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Voss Capital, LP

(Last)(First)(Middle)
3773 RICHMOND AVENUE
SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Flywire Corp [ FLYW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Voting common stock, $0.0001 par value per share(1)2,250,000IBy: Voss Value Master Fund, L.P.(2)
Voting common stock, $0.0001 par value per share(1)366,617IBy: Voss Value-Oriented Special Situations Fund, L.P.(3)
Voting common stock, $0.0001 par value per share(1)08/28/2026S37,005D$18.782311,077,084IBy: Managed Accounts of Voss Capital, LP(4)
Voting common stock, $0.0001 par value per share(1)08/28/2026S7,763D$18.782311,069,321IBy: Managed Accounts of Voss Capital, LP(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Call Option (right to buy)$10 (5)09/18/2026Voting common stock, $0.0001 par value per share(1)100,0001,000IBy: Managed Accounts of Voss Capital, LP(4)
Call Option (right to buy)$7.5 (5)12/18/2026Voting common stock, $0.0001 par value per share(1)50,000500IBy: Managed Accounts of Voss Capital, LP(4)
1. Name and Address of Reporting Person*
Voss Capital, LP

(Last)(First)(Middle)
3773 RICHMOND AVENUE
SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Voss Value Master Fund, LP

(Last)(First)(Middle)
3773 RICHMOND AVENUE, SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Voss Value-Oriented Special Situations Fund, LP

(Last)(First)(Middle)
3773 RICHMOND AVENUE
SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Voss Advisors GP, LLC

(Last)(First)(Middle)
3773 RICHMOND AVENUE, SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Cocke Travis W.

(Last)(First)(Middle)
3773 RICHMOND AVENUE, SUITE 500

(Street)
HOUSTON TEXAS 77046

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
2. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund.
3. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund.
4. Securities held in certain accounts separately managed by Voss Capital (the "Voss Managed Accounts"). Voss Capital, as the investment manager of the Voss Managed Accounts, may be deemed to beneficially own the securities held in the Voss Managed Accounts. Mr. Cocke, as the managing member of Voss Capital, may be deemed to beneficially own the securities held in the Voss Managed Accounts.
5. Such call options were immediately exercisable upon their acquisition.
Voss Capital, LP; By: /s/ Travis W. Cocke, Managing Member09/01/2026
Voss Value Master Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member09/01/2026
Voss Value-Oriented Special Situations Fund, LP; By: Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member09/01/2026
Voss Advisors GP, LLC; By: /s/ Travis W. Cocke, Managing Member09/01/2026
/s/ Travis W. Cocke09/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)