David R. King, Chief Product Officer and Co-President of Global Education at Flywire Corp (NASDAQ:FLYW), filed a Form 4 on September 3, 2026, disclosing a share disposition on September 1, 2026, related to the net settlement of restricted stock unit awards.

Key Highlights

  • Transaction date: September 1, 2026, involving Voting Common Stock.
  • Shares withheld: 15,971 shares disposed of (transaction code F) at a price of $18.185 per share to satisfy tax withholding obligations.
  • No open market sale: According to the filing, the disposition "does not represent an open market sale" but reflects shares withheld by the issuer for income tax withholding and remittance in connection with RSU net settlement.
  • Direct ownership after transaction: 1,075,679 shares of Voting Common Stock held directly.
  • Indirect ownership: 276,204 shares held indirectly through the D R King Revocable Trust Dated 10/05/07, of which King is a trustee.
  • Beneficial ownership disclaimer: King disclaims beneficial ownership of the trust shares, as stated in the filing.

RSU Net Settlement Triggers Tax Withholding Transaction for Flywire Executive

According to the filing, David R. King, identified as Chief Product Officer and Co-President of Global Education at Flywire Corp, reported a single non-derivative securities transaction on September 1, 2026. The transaction code listed is F, which the filing's explanation describes as shares 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." The 15,971 shares were disposed of at $18.185 per share.

Following the reported transaction, the filing discloses that King directly holds 1,075,679 shares of Voting Common Stock. In addition, 276,204 shares are held indirectly through the D R King Revocable Trust Dated 10/05/07, of which King is listed as a trustee. The filing notes that King "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."

No derivative securities transactions were reported in Table II of the filing. The form was signed by David R. King and filed on September 3, 2026, as a filing by one reporting person.

What Was Disclosed

The filing disclosed that 15,971 shares of Voting Common Stock were withheld by Flywire Corp at $18.185 per share on September 1, 2026, for tax purposes tied to RSU net settlement, with King retaining direct ownership of 1,075,679 shares following the transaction.