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Flywire (FLYW) executive has 15,970 shares withheld to cover RSU taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider King David R.
Role See Remarks
Type Security Shares Price Value
Tax Withholding Voting Common Stock 15,970 $16.61 $265K
holding Voting Common Stock -- -- --
Holdings After Transaction: Voting Common Stock — 1,084,710 shares (Direct, null); Voting Common Stock — 276,204 shares (Indirect, By Revocable Trust)
Footnotes (1)
  1. 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. 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.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
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*
King David R.
(Last)(First)(Middle)
C/O FLYWIRE CORPORATION
141 TREMONT STREET, SUITE 10
(Street)
BOSTON MASSACHUSETTS 02111
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form 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 Stock06/01/2026F15,970(1)D$16.611,084,710D
Voting Common Stock276,204IBy Revocable Trust(2)
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
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Chief Product Officer & Co-President of Global Education
/s/ David R. King06/01/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Flywire (FLYW) shares were withheld for taxes in this filing?

A total of 15,970 shares were withheld for taxes. These Voting Common Stock shares were retained by the issuer at $16.61 per share to satisfy Flywire’s income tax withholding and remittance obligations tied to net settlement of time-based restricted stock unit awards.

Did David R. King sell Flywire (FLYW) shares on the open market?

No, the filing states there was no open market sale. The 15,970 shares reported were withheld by Flywire to cover tax liabilities from restricted stock unit vesting, a non-market transaction described as tax-withholding disposition rather than a discretionary sale.

What is David R. King’s direct Flywire (FLYW) shareholding after this transaction?

King directly held 1,084,710 shares after the transaction. This figure reflects his Voting Common Stock position following the 15,970-share tax-withholding disposition, providing context that the withholding represents a small portion of his total direct ownership stake.

How many Flywire (FLYW) shares are held through the D R King Revocable Trust?

The revocable trust held 276,204 shares of common stock. The filing notes these shares are owned by the D R King Revocable Trust dated 10/05/07, and King disclaims beneficial ownership except for any pecuniary interests he may have in that trust.

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.