Alex Finkelstein - 28 May 2021 Form 4 Insider Report for Flywire Corp (FLYW)

Role
Director, 10%+ Owner
Signature
/s/ Alex Finkelstein
Issuer symbol
FLYW
Transactions as of
28 May 2021
Net transactions value
$0
Form type
4
Filing time
28 May 2021, 16:47:13 UTC
Previous filing
25 May 2021
Next filing
15 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLYW Class A Common Stock Conversion of derivative security +53,250 +8493% 53,877 28 May 2021 See footnote F1, F2
transaction FLYW Class A Common Stock Conversion of derivative security +8,139,309 +8487% 8,235,213 28 May 2021 See footnote F1, F5
transaction FLYW Class A Common Stock Conversion of derivative security +7,359 +14% 61,236 28 May 2021 See footnote F1, F2
transaction FLYW Class A Common Stock Conversion of derivative security +1,125,039 +14% 9,360,252 28 May 2021 See footnote F1, F5
transaction FLYW Class A Common Stock Conversion of derivative security +15,945 +26% 77,181 28 May 2021 See footnote F1, F2
transaction FLYW Class A Common Stock Conversion of derivative security +2,437,785 +26% 11,798,037 28 May 2021 See footnote F1, F5
transaction FLYW Class A Common Stock Conversion of derivative security +19,983 +26% 97,164 28 May 2021 See footnote F1, F2
transaction FLYW Class A Common Stock Conversion of derivative security +3,054,843 +26% 14,852,880 28 May 2021 See footnote F1, F5
transaction FLYW Class A Common Stock Conversion of derivative security +309 +0.32% 97,473 28 May 2021 See footnote F1, F2
transaction FLYW Class A Common Stock Conversion of derivative security +3,534 +53% 10,257 28 May 2021 See footnote F1, F3
transaction FLYW Class A Common Stock Conversion of derivative security +357,141 +53% 1,036,509 28 May 2021 See footnote F1, F4
transaction FLYW Class A Common Stock Conversion of derivative security +47,301 +0.32% 14,900,181 28 May 2021 See footnote F1, F5
transaction FLYW Class A Common Stock Other -97,473 -100% 0 28 May 2021 See footnote F2, F6
transaction FLYW Class A Common Stock Other -10,257 -100% 0 28 May 2021 See footnote F3, F6
transaction FLYW Class A Common Stock Other -1,036,509 -100% 0 28 May 2021 See footnote F4, F6
transaction FLYW Class A Common Stock Other -14,900,181 -100% 0 28 May 2021 See footnote F5, F6
transaction FLYW Voting Common Stock Other +97,473 97,473 28 May 2021 See footnote F2, F6
transaction FLYW Voting Common Stock Other +10,257 10,257 28 May 2021 See footnote F3, F6
transaction FLYW Voting Common Stock Other +1,036,509 1,036,509 28 May 2021 See footnote F4, F6
transaction FLYW Voting Common Stock Other +14,900,181 14,900,181 28 May 2021 See footnote F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FLYW Series A Preferred Stock Conversion of derivative security -53,250 -100% 0 28 May 2021 Class A Common Stock 53,250 See footnote F1, F2
transaction FLYW Series A Preferred Stock Conversion of derivative security -8,139,309 -100% 0 28 May 2021 Class A Common Stock 8,139,309 See footnote F1, F5
transaction FLYW Series B-1 Preferred Stock Conversion of derivative security -7,359 -100% 0 28 May 2021 Class A Common Stock 7,359 See footnote F1, F2
transaction FLYW Series B-1 Preferred Stock Conversion of derivative security -1,125,039 -100% 0 28 May 2021 Class A Common Stock 1,125,039 See footnote F1, F5
transaction FLYW Series B Preferred Stock Conversion of derivative security -15,945 -100% 0 28 May 2021 Class A Common Stock 15,945 See footnote F1, F2
transaction FLYW Series B Preferred Stock Conversion of derivative security -2,437,785 -100% 0 28 May 2021 Class A Common Stock 2,437,785 See footnote F1, F5
transaction FLYW Series C Preferred Stock Conversion of derivative security -19,983 -100% 0 28 May 2021 Class A Common Stock 19,983 See footnote F1, F2
transaction FLYW Series C Preferred Stock Conversion of derivative security -3,054,843 -100% 0 28 May 2021 Class A Common Stock 3,054,843 See footnote F1, F5
transaction FLYW Series F-1 Preferred Stock Conversion of derivative security -309 -100% 0 28 May 2021 Class A Common Stock 309 See footnote F1, F2
transaction FLYW Series F-1 Preferred Stock Conversion of derivative security -3,534 -100% 0 28 May 2021 Class A Common Stock 3,534 See footnote F1, F3
transaction FLYW Series F-1 Preferred Stock Conversion of derivative security -357,141 -100% 0 28 May 2021 Class A Common Stock 357,141 See footnote F1, F4
transaction FLYW Series F-1 Preferred Stock Conversion of derivative security -47,301 -100% 0 28 May 2021 Class A Common Stock 47,301 See footnote F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's preferred stock automatically converted on a one for one basis into Class A Common Stock immediately prior to the closing of the Issuer's initial public offering (the "Conversion"). The shares have no expiration date.
F2 These shares are held of record by Spark Capital Founders' Fund II, L.P. ("Spark Capital FF II"). Spark Management Partners II, LLC ("SMP II") is the general partner of Spark Capital FF II. Paul Conway, Bijan Sabet, Santo Politi, and the Reporting Person, a member of the Issuer's board of directors (the "Managing Members") are the managing members of SMP II. Each of the Managing Members may be deemed to share investment, voting and dispositive power over these shares. Each of SMP II and the Managing Members disclaim beneficial ownership of these shares and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F3 These shares are held of record by Spark Capital Growth Founders' Fund, L.P. ("Spark Capital Growth FF"). Spark Growth Management Partners, LLC ("SGMP") is the general partner of Spark Capital Growth FF. The Managing Members are the managing members of SGMP. Each of the Managing Members may be deemed to share investment, voting and dispositive power over these shares. Each of SGMP and the Managing Members disclaim beneficial ownership of these shares and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F4 These shares are held of record by Spark Capital Growth Fund, L.P. ("Spark Capital Growth"). SGMP is the general partner of Spark Capital Growth. The Managing Members are the managing members of SGMP. Each of the Managing Members may be deemed to share investment, voting and dispositive power over these shares. Each of SGMP and the Managing Members disclaim beneficial ownership of these shares and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F5 These shares are held of record by Spark Capital II, L.P. ("Spark Capital II"). SMP II is the general partner of Spark Capital II. The Managing Members are the managing members of SMP II. Each of the Managing Members may be deemed to share investment, voting and dispositive power over these shares. Each of SMP II and the Managing Members disclaim beneficial ownership of these shares and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F6 Pursuant to a reclassification exempt under Rule 16b-7, each share of the Issuer's Class A Common Stock was automatically reclassified into one share of Voting Common Stock following the Conversion, and immediately prior to the closing of the Issuer's initial public offering.