Voss Capital, LP and affiliated reporting persons filed a joint Form 4 with the SEC on August 20, 2026, disclosing sales of Flywire Corp (NASDAQ:FLYW) voting common stock across August 18 and 19, 2026, along with existing call option positions held in managed accounts.

Key Highlights

  • Multiple sales on August 18, 2026: Shares held through Voss Value Master Fund were sold in four transactions totaling 50,000 shares at prices of $18.2368 and $18.3962 per share.
  • Managed account sales: Shares held in Voss Capital managed accounts were sold across August 18 and 19, 2026, including 29,500 shares on August 18 and 25,000 shares on August 19, 2026 at $18.8595 per share.
  • Remaining beneficial ownership: Following the reported transactions, Voss Value Master Fund held 2,250,000 shares indirectly, Voss Value-Oriented Special Situations Fund held 375,000 shares indirectly, and Voss Capital managed accounts held 11,500,000 shares indirectly.
  • Call options held: Managed accounts held 1,000 call options with a $10.00 exercise price expiring 09/18/2026 and 500 call options with a $7.50 exercise price expiring 12/18/2026, each on Flywire voting common stock, described as immediately exercisable upon acquisition.
  • 10% owner group: The filing states that the reporting persons collectively beneficially own over 10% of Flywire's outstanding shares of common stock as a group under Section 13(d).
  • Five reporting persons: The filing was made jointly by Voss Value Master Fund, LP; Voss Value-Oriented Special Situations Fund, LP; Voss Advisors GP, LLC; Voss Capital, LP; and Travis W. Cocke.

Voss Capital Group Reduces Flywire Position Across Two Trading Days

According to the filing, Voss Capital, LP and its affiliated entities reported disposals of voting common stock of Flywire Corp, par value $0.0001 per share, on August 18 and 19, 2026. The sales were executed across two vehicles: Voss Value Master Fund, LP and separately managed accounts of Voss Capital. On August 18, 2026, Voss Value Master Fund sold shares in four separate transactions: 9,277 shares and 9,276 shares at $18.2368 per share, and 15,723 shares and 15,724 shares at $18.3962 per share, with the fund's beneficial holding declining from an implied starting position to 2,250,000 shares following those transactions.

Managed accounts of Voss Capital also disposed of shares on both days, according to the filing. On August 18, 10,947 shares were sold at $18.2368 and 18,553 shares at $18.3962. On August 19, an additional 25,000 shares were sold at $18.8595, bringing the managed account position to 11,500,000 shares. Voss Value-Oriented Special Situations Fund reported no transactions but held 375,000 shares indirectly. The filing notes that each reporting person disclaims beneficial ownership except to the extent of their pecuniary interest, and that the report "shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose."

In Table II, the filing discloses that managed accounts also hold derivative positions: 1,000 call options with a strike price of $10.00, expiring September 18, 2026, and 500 call options with a strike price of $7.50, expiring December 18, 2026, both on Flywire voting common stock. The filing states these options "were immediately exercisable upon their acquisition." Travis W. Cocke, as managing member of Voss Capital and Voss Advisors GP, LLC, signed the filing on behalf of all reporting persons on August 20, 2026.

What Was Disclosed

The joint Form 4 filed August 20, 2026 discloses sales of Flywire Corp common stock by Voss Capital-affiliated entities on August 18-19, 2026, along with existing call option holdings in managed accounts, and identifies the reporting group as collectively holding over 10% of Flywire's outstanding common stock.