Were Phillip John Riese’s Flywire (FLYW) share sales pre-planned?

Yes. A footnote states the shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan. Such plans pre-schedule trades, indicating the timing of these open-market sales was established in advance rather than decided on the transaction date.

Director at Flywire (NASDAQ: FLYW) sells 37,921 shares under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Flywire Corp director Phillip John Riese reported an exercise-and-sell transaction in Voting Common Stock. On May 6, 2026, he sold a total of 37,921 shares in open-market trades at weighted average prices of $15.5374, $16.7334 and $17.5015, executed under a previously adopted Rule 10b5-1 trading plan.

On the same date, he exercised stock options to acquire 37,921 Voting Common Stock shares at an exercise price of $0.59 per share. Following these transactions, he holds 272,414 shares of Voting Common Stock directly and retains 53,000 stock options with a $0.59 exercise price expiring on December 14, 2026.

Insider Trade Summary 10b5-1

Net Seller: 37,921 shares ($639,598)

Net Sell 5 txns

Insider Riese Phillip John

Role null

Sold 37,921 shs ($640K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	37,921	$0.00	--
Exercise	Voting Common Stock	37,921	$0.59	$22K
Sale	Voting Common Stock	5,295	$15.5374	$82K
Sale	Voting Common Stock	17,806	$16.7334	$298K
Sale	Voting Common Stock	14,820	$17.5015	$259K

Holdings After Transaction: Stock Option (right to buy) — 53,000 shares (Direct, null); Voting Common Stock — 272,414 shares (Direct, null)

Footnotes (1)

Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.17 to $16.13. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $16.30 to $17.29. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $17.31 to $17.77. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. The shares subject to this option are fully vested.

Key Figures

Shares sold: 37,921 shares Sale prices: $15.5374, $16.7334, $17.5015 per share Options exercised: 37,921 shares +4 more

7 metrics

Shares sold 37,921 shares Open-market sales of Voting Common Stock on May 6, 2026

Sale prices $15.5374, $16.7334, $17.5015 per share Weighted average prices for three sale tranches

Options exercised 37,921 shares Stock options converted into Voting Common Stock

Option exercise price $0.59 per share Strike price for exercised stock options

Shares held after 272,414 shares Direct Voting Common Stock holdings after transactions

Remaining options 53,000 options Stock options outstanding after exercise

Option expiration December 14, 2026 Expiration date for remaining stock options

Key Terms

Rule 10b5-1 trading plan, weighted average sales price per share, Stock Option (right to buy), Voting Common Stock

4 terms

Rule 10b5-1 trading plan regulatory

"Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Stock Option (right to buy) financial

"security_title: Stock Option (right to buy)"

Voting Common Stock financial

"security_title: Voting Common Stock"

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 04:17 PM

SEC Form 4

FORM 4

UNITED 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^*

Riese Phillip John

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock	05/06/2026		M		37,921	A	$0.59	272,414	D
Voting Common Stock	05/06/2026		S⁽¹⁾		5,295	D	$15.5374⁽²⁾	267,119	D
Voting Common Stock	05/06/2026		S⁽¹⁾		17,806	D	$16.7334⁽³⁾	249,313	D
Voting Common Stock	05/06/2026		S⁽¹⁾		14,820	D	$17.5015⁽⁴⁾	234,493	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$0.59	05/06/2026		M			37,921	⁽⁵⁾	12/14/2026	Voting Common Stock	37,921	$0	53,000	D

Explanation of Responses:

1. Shares were sold pursuant to a previously adopted Rule 10b5-1 trading plan.

2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $15.17 to $16.13. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

3. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $16.30 to $17.29. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

4. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $17.31 to $17.77. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

5. The shares subject to this option are fully vested.

	/s/Phillip John Riese	05/08/2026
	** Signature of Reporting Person	Date
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 insider transactions did Phillip John Riese report at Flywire (FLYW)?

Phillip John Riese reported selling 37,921 Flywire Voting Common Stock shares and exercising options for the same amount. The sales were open-market trades on May 6, 2026 and were executed under a previously adopted Rule 10b5-1 trading plan.

How many Flywire (FLYW) shares did Phillip John Riese sell and at what prices?

He sold a total of 37,921 Voting Common Stock shares. These were executed in multiple open-market transactions with weighted average prices of $15.5374, $16.7334 and $17.5015 per share, across price ranges disclosed in the filing’s footnotes.

What stock options did Phillip John Riese exercise in this Flywire (FLYW) Form 4?

He exercised stock options covering 37,921 shares of Flywire Voting Common Stock. The options had an exercise price of $0.59 per share and were fully vested, converting into the same number of common shares reported as acquired in the transaction.

How many Flywire (FLYW) shares does Phillip John Riese hold after these transactions?

After the reported transactions, Phillip John Riese directly holds 272,414 shares of Flywire Voting Common Stock. This post-transaction holding reflects the combined effect of his option exercise and the same-day open-market sales disclosed in the Form 4.

What Flywire (FLYW) stock options remain outstanding for Phillip John Riese?

Following the exercise, he retains stock options on 53,000 shares of Flywire Voting Common Stock. These options carry a $0.59 exercise price per share and have an expiration date of December 14, 2026, as disclosed in the derivative transaction details.