FLYW Form 4: General Counsel Sells 9,563 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Peter Butterfield, General Counsel and Chief Compliance Officer of Flywire Corporation (FLYW), reported the sale of 9,563 shares of Flywire common stock on 09/08/2025 at a weighted average price of $13.145 per share. The filing indicates the transactions were made pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1.

After the reported sale, Butterfield beneficially owns 394,522 shares of Flywire common stock. The Form 4 was signed and dated by the reporting person on 09/10/2025. The filing includes a footnote stating the sale occurred in multiple transactions at prices ranging from $12.920 to $13.315, and the reporting person offers to provide detailed per-price quantities on request.

Positive

• Transaction disclosed promptly via Form 4 with manual signature dated 09/10/2025
• Use of a 10b5-1 plan was indicated, which supports compliance with insider trading rules
• Footnote transparency about weighted average price and price range ($12.920 to $13.315) with offer to provide per-trade details

Negative

• Insider sold 9,563 shares, reducing beneficial holdings (could be viewed negatively by some investors)
• Filing lacks percentage ownership context so impact relative to total outstanding shares is not specified

Insights

Securities Analyst

TL;DR: Routine insider sale under a 10b5-1 plan; disclosure shows modest reduction in holdings with transparent pricing.

The Form 4 documents an insider disposition of 9,563 shares at a weighted average of $13.145, leaving 394,522 shares beneficially owned. The checkmark indicating a 10b5-1 plan reduces the likelihood the trades were based on undisclosed material information, which is typically viewed as neutral from a market-impact perspective. The footnote discloses the price range ($12.920 to $13.315) and offers to provide per-trade details, supporting transparency. For investors, the sale size relative to total holdings appears modest, and the filing itself is a standard regulatory disclosure rather than a company operational event.

Corporate Governance Expert

TL;DR: Filing reflects compliant insider trading practices and clear documentation, consistent with good governance norms.

The reporting person identified as General Counsel and CCO executed multiple sales under a documented plan and timely filed Form 4. Use of a 10b5-1 plan and the explicit footnote on weighted-average pricing indicate adherence to procedural safeguards and disclosure obligations. The remaining beneficial ownership of 394,522 shares is disclosed, but the filing does not provide context on percentage ownership or any change in officer status. From a governance standpoint, the document demonstrates appropriate transparency but contains no material corporate governance events.

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).

X

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^*

Butterfield Peter

(Last) (First) (Middle)

C/O FLYWIRE CORPORATION

141 TREMONT STREET, SUITE 10

(Street)

BOSTON MA 02111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Flywire Corp [ FLYW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and CCO

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock	09/08/2025		S		9,563	D	$13.145(1)	394,522	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.920 to $13.315, inclusive. The Reporting Person undertakes to provide to 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 securities sold at each separate price within the ranges set forth in this footnote 1 to this Form 4.

	/s/ Peter Butterfield	09/10/2025
	** 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.

FAQ

What did Flywire (FLYW) insider Peter Butterfield report on Form 4?

He reported selling 9,563 shares of Flywire common stock on 09/08/2025 at a weighted average price of $13.145, leaving him with 394,522 shares beneficially owned.

Were the trades by Peter Butterfield executed under a 10b5-1 plan?

Yes. The Form 4 includes a checked box indicating the transaction was made pursuant to a written plan intended to satisfy Rule 10b5-1(c).

What price range did the insider sale occur at?

The footnote reports a range of $12.920 to $13.315 per share and specifies the reported $13.145 as a weighted average price.

How many Flywire shares does Peter Butterfield own after the sale?

394,522 shares of Flywire common stock are reported as beneficially owned following the transaction.

When was the Form 4 signed and filed?

The reporting person signed the Form 4 on 09/10/2025. The transactions occurred on 09/08/2025 as reported in the filing.