[Form 4] Flywire Corporation Voting Insider Trading Activity

Rhea-AI Filing Summary

Flywire Corp (FLYW) insider transaction: David R. King, the company's Chief Technology Officer and a director, reported a non-market disposition of 10,725 shares of voting common stock executed on 09/02/2025 at an effective price of $13.13 per share. The filing states these shares were withheld by the issuer to satisfy income tax withholding related to net settlement of time‑based restricted stock units and were not an open‑market sale. After the transaction Mr. King beneficially owned 892,408 shares directly and 276,204 shares indirectly through the D R King Revocable Trust.

Positive

• Disclosure explicitly states the 10,725‑share disposition was for tax withholding related to RSU net settlement and was not an open‑market sale
• Post‑transaction holdings are disclosed: 892,408 shares directly and 276,204 shares indirectly via the D R King Revocable Trust, improving transparency
• Indirect holdings are identified and accompanied by a disclaimer of beneficial ownership, clarifying governance structure

Negative

• Direct holdings reduced by 10,725 shares due to tax withholding, which slightly lowers Mr. King's direct share count

Insights

Securities Analyst

TL;DR: Routine tax‑withholding disposition of RSUs, not a sign of open‑market selling; immaterial to company capitalization.

The reported transaction is a standard net settlement withholding of 10,725 shares to satisfy tax obligations from time‑based restricted stock units. The filing explicitly states this is not an open‑market sale, which generally indicates no change in insider sentiment. Post‑transaction beneficial ownership remains 892,408 direct and 276,204 indirect shares, and the indirect holding is held in a revocable trust of which Mr. King is trustee. From a shareholder perspective this is administrative and unlikely to affect valuation or control.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 requirements; transaction reason and trust details are clearly described.

The Form 4 discloses the nature of the disposition and identifies the D R King Revocable Trust as the vehicle for indirect holdings, with an explicit disclaimer of beneficial ownership beyond pecuniary interest. This level of disclosure satisfies typical governance transparency: it clarifies that the disposition was for tax withholding of RSUs and not a voluntary divestiture. No other material governance issues are presented in the filing.

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
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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 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)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		F		10,725(1)	D	$13.13	892,408	D
Voting Common Stock								276,204	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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.

	/s/ David R. King	09/04/2025
	** 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.
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FAQ

What transaction did David R. King report in the Form 4 for FLYW?

He reported a disposition of 10,725 voting common shares executed on 09/02/2025 noted as withheld to satisfy income tax withholding for net‑settled RSUs.

Was the 10,725‑share disposition an open‑market sale?

No. The filing explicitly states the shares were withheld by the issuer for tax withholding and do not represent an open‑market sale.

How many Flywire shares does Mr. King beneficially own after the reported transaction?

After the transaction he beneficially owned 892,408 shares directly and 276,204 shares indirectly through the D R King Revocable Trust.

What is the nature of the indirect ownership reported?

The indirect shares are held by the D R King Revocable Trust dated 10/05/07, of which Mr. King is a trustee; he disclaims beneficial ownership except for any pecuniary interest.

At what price were the withheld shares reported?

The transaction price reported for the withheld shares is $13.13 per share.