Voss group sells 274K Flywire shares near $19
Flywire Corp (FLYW) reported insider activity by a group of greater-than-10% holders associated with Voss Capital and Travis W. Cocke.
Rhea-AI Filing Summary
Flywire Corp (FLYW) reported insider activity by a group of greater-than-10% holders associated with Voss Capital and Travis W. Cocke. On August 24–25, 2026, entities they manage sold a total of 274,273 shares of voting common stock in open-market transactions at weighted-average prices around $19.19–$19.49 per share, through Voss Value-Oriented Special Situations Fund and certain Voss-managed accounts. The group also reports indirect ownership of 2,250,000 shares held by Voss Value Master Fund and holds immediately exercisable call options over an additional 150,000 underlying shares at exercise prices of $10.00 and $7.50. The reporting persons collectively disclaim beneficial ownership beyond their pecuniary interests.
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Insights
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Insider Trade Summary
Net Seller: 274,273 shares
Net Sell
7 txns
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
274,273 shs ($5.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting common stock, $0.0001 par value per share F1, F7, F3 | 3,678 | $19.1941 | $71K |
| Sale | Voting common stock, $0.0001 par value per share F1, F9, F4 | 169,295 | $19.1941 | $3.25M |
| Sale | Voting common stock, $0.0001 par value per share F1, F6, F3 | 2,154 | $19.4887 | $42K |
| Sale | Voting common stock, $0.0001 par value per share F1, F8, F4 | 99,146 | $19.4886 | $1.93M |
| 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 | -- | -- | -- |
Holdings After Transaction:
Voting common stock, $0.0001 par value per share — 369,168 shares (Indirect, By: Voss Value-Oriented Special Situations Fund, L.P.);
Voting common stock, $0.0001 par value per share — 11,231,559 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.)
Footnotes (9)
- 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.
- 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.
- 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.
- 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.
- F5. Such call options were immediately exercisable upon their acquisition.
- F6. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.4868 to $19.63, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.1776 to $19.2136, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.4868 to $19.63, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F9. Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.1776 to $19.2136, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 274,273 shares
Sale price August 24, 2026 (Voss Special Situations Fund): $19.4887 per share
Sale price August 24, 2026 (Voss Managed Accounts): $19.4886 per share
+5 more
8 metrics
Total shares sold
274,273 shares
Net shares sold in open-market transactions on August 24–25, 2026
Sale price August 24, 2026 (Voss Special Situations Fund)
$19.4887 per share
2,154 shares of voting common stock sold; weighted-average price
Sale price August 24, 2026 (Voss Managed Accounts)
$19.4886 per share
99,146 shares of voting common stock sold; weighted-average price
Sale price August 25, 2026 (Voss Special Situations Fund)
$19.1941 per share
3,678 shares of voting common stock sold; weighted-average price
Sale price August 25, 2026 (Voss Managed Accounts)
$19.1941 per share
169,295 shares of voting common stock sold; weighted-average price
Shares held by Voss Value Master Fund
2,250,000 shares
Indirect ownership of voting common stock as of August 24, 2026
Call option exercise price
$10.00 per share
Call options on 100,000 underlying shares, expiring September 18, 2026
Call option exercise price
$7.50 per share
Call options on 50,000 underlying shares, expiring December 18, 2026
Key Terms
weighted average price, call options, beneficially own, pecuniary interest, +1 more
5 terms
weighted average price financial
"Represents a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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 by"
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.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
Section 13(d) regulatory
"a group for purposes of Section 13(d) of the Securities Exchange Act"
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.
FAQ
What insider transactions did the Voss group report for FLYW on this Form 4?
The Voss reporting group disclosed sales of 274,273 shares of Flywire voting common stock on August 24–25, 2026, executed in open-market transactions through Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital.
What call option positions on FLYW stock are reported by the Voss group?
Managed accounts of Voss Capital hold call options on Flywire common stock with exercise prices of $10.00 and $7.50 per share, covering 100,000 and 50,000 underlying shares, respectively, expiring on September 18, 2026 and December 18, 2026. The options were immediately exercisable upon acquisition.
Are the Voss reporting persons considered more than 10% owners of FLYW?
Yes. The filing states the reporting persons are members of a group that collectively beneficially owns over 10% of Flywire’s outstanding common stock for Section 13(d) purposes, while each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest.
Did the Form 4 for FLYW indicate trades under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 checkbox is reported as false, and the footnotes do not state that the reported sales were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
