Officer David R. King sells $660K of stock under 10b5-1 plan

What did Flywire Corp announce?

Flywire officer David R. King sold 36,900 voting common shares at $17.88 for $659,727.72 in an open-market sale made under a pre-arranged 10b5-1 trading plan.

Key details

• Sale of 36,900 shares at $17.88, a total transaction value of $659,727.72.
• The transaction was executed under a pre-arranged Rule 10b5-1 plan, so it was scheduled rather than discretionary.
• King holds 239,304 shares indirectly through a revocable trust following the sale, plus 1,075,679 shares directly.
• No derivative securities were reported in the filing.

Why it matters

This 4 reports an insider transaction at Flywire Corp. The likely share-price reaction reads as neutral.

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All Flywire Corp SEC filings →