Flywire insider uses 15,970 shares for taxes
Flywire Corp insider David R. King reported routine share activity related to tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Flywire Corp insider David R. King reported routine share activity related to tax withholding. On June 1, 2026, 15,970 shares of Voting Common Stock were withheld at $16.61 per share to satisfy income tax obligations from the net settlement of time-based restricted stock unit awards. The filing specifies this was not an open market sale. After this tax-withholding disposition, King directly held 1,084,710 shares of Voting Common Stock. Separately, a revocable trust associated with King held 276,204 shares, with beneficial ownership disclaimed except for any pecuniary interest.
Insider Trade Summary
Exercise Price or Tax Liability: 15,970 shares
Exercise Price or Tax Liability
2 txns
Insider
King David R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Voting Common Stock | 15,970 | $16.61 | $265K |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 1,084,710 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 taxes: 15,970 shares
Withholding price: $16.61 per share
Direct holdings after transaction: 1,084,710 shares
+1 more
4 metrics
Shares withheld for taxes
15,970 shares
Tax-withholding disposition on June 1, 2026
Withholding price
$16.61 per share
Value used for tax withholding on 15,970 shares
Direct holdings after transaction
1,084,710 shares
Voting Common Stock directly held by King after withholding
Trust holdings
276,204 shares
Shares held by D R King Revocable Trust dated 10/05/07
Key Terms
restricted stock unit awards, net settlement, Revocable Trust, pecuniary interests, +1 more
5 terms
restricted stock unit awards financial
"in connection with the net settlement of certain time-based restricted stock unit awards and does not represent an open market sale"
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.
net settlement financial
"to satisfy its income tax withholding and remittance obligations in connection with the net settlement of certain time-based restricted stock unit awards"
Revocable Trust financial
"The shares are held by the D R King Revocable Trust Dated 10/05/07, of which the Reporting Person is a trustee"
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"
Section 16 regulatory
"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"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Flywire (FLYW) executive David R. King report in this Form 4?
David R. King reported a tax-related share withholding. The company withheld 15,970 shares of Voting Common Stock at $16.61 per share to cover income tax obligations from vested restricted stock units, rather than executing an open market sale of those shares.
What type of awards triggered the Flywire (FLYW) tax withholding for David R. King?
The withholding was linked to time-based restricted stock unit awards. When these restricted stock units settled, Flywire withheld 15,970 shares via net settlement to meet its income tax withholding and remittance obligations associated with that equity compensation event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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