Flywire officer exercises options for 8,000 shares
Flywire Corp officer David R. King exercised employee stock options to acquire 8,000 shares of Voting Common Stock at $3.95 per share.
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Form Type
4
Rhea-AI Filing Summary
Flywire Corp officer David R. King exercised employee stock options to acquire 8,000 shares of Voting Common Stock at $3.95 per share. The options were fully vested. After this exercise, he directly holds 1,100,680 shares of Flywire common stock.
An additional 276,204 shares are held by the D R King Revocable Trust Dated 10/05/07, reported as indirect ownership. King is a trustee of the trust but disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
Insider Trade Summary
8,000 shares exercised/converted
Exercise
3 txns
Insider
King David R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 8,000 | $0.00 | $0.00 |
| Exercise | Voting Common Stock | 8,000 | $3.95 | $32K |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 5,125 contracts (Direct);
Voting Common Stock — 1,100,680 shares (Direct);
Voting Common Stock — 276,204 shares (Indirect, By Revocable Trust)
Footnotes (2)
- F1. 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.
- F2. The shares subject to this option are fully vested.
Key Figures
Options exercised: 8,000 shares
Exercise price: $3.95 per share
Direct holdings after transaction: 1,100,680 shares
+3 more
6 metrics
Options exercised
8,000 shares
Employee Stock Option exercise on March 31, 2026
Exercise price
$3.95 per share
Employee Stock Option conversion into Voting Common Stock
Direct holdings after transaction
1,100,680 shares
Voting Common Stock directly owned by David R. King
Indirect trust holdings
276,204 shares
Shares held by D R King Revocable Trust Dated 10/05/07
Option strike price
$3.95
Conversion price for Employee Stock Option into common stock
Options expiration
January 20, 2031
Expiration date of the Employee Stock Option grant
Key Terms
Employee Stock Option, derivative security, Voting Common Stock, Revocable Trust, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (right to buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Voting Common Stock financial
"underlying_security_title: "Voting Common Stock""
Revocable Trust financial
"nature_of_ownership: "By Revocable Trust""
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Flywire (FLYW) officer David R. King report in this Form 4?
David R. King reported exercising employee stock options to acquire 8,000 shares of Flywire Voting Common Stock at $3.95 per share. The filing also updates his direct and indirect share holdings, including shares held through a revocable trust where he serves as trustee.
Was David R. King’s Flywire (FLYW) transaction an option exercise or an open-market trade?
The transaction was an exercise of employee stock options, not an open-market buy or sell. He converted 8,000 options into 8,000 shares of Voting Common Stock at a $3.95 exercise price, reflecting compensation-related activity rather than a discretionary market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
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