Director Phillip John Riese filed a Form 4 with the U.S. Securities and Exchange Commission on August 11, 2026, reporting transactions in Flywire Corp (NASDAQ:FLYW) voting common stock dated August 7, 2026.

Key Highlights

  • Option exercise: Riese exercised a stock option covering 48,000 shares of voting common stock at an exercise price of $0.59 per share on August 7, 2026.
  • Shares sold: Riese disposed of 36,000 shares at a weighted average price of $18.2231 per share, with individual sale prices ranging from $18.200 to $18.285.
  • Remaining ownership: Following the transactions, Riese directly holds 258,051 shares of voting common stock.
  • Option fully vested: According to the filing, the 48,000 shares subject to the exercised option were fully vested at the time of exercise.
  • Derivative position closed: After the exercise, Riese holds zero remaining shares under that stock option, which had an expiration date of December 14, 2026.

Flywire Director Reports Option Exercise and Open-Market Share Sale

According to the filing, Phillip John Riese, identified as a Director of Flywire Corp, executed two transactions on August 7, 2026. First, he exercised a stock option with a conversion price of $0.59 per share, acquiring 48,000 shares of voting common stock via transaction code "M." The filing notes that the shares subject to this option were fully vested, and the option carried an expiration date of December 14, 2026. The price of the derivative security at exercise is listed as $0.

Following the exercise, the filing reports that Riese sold 36,000 shares of voting common stock via transaction code "S" at a weighted average price of $18.2231 per share. The filing discloses that these shares were sold in multiple transactions at prices ranging from $18.200 to $18.285 per share. The filing states that Riese has undertaken to provide full information regarding the number of shares sold at each separate price within the range, upon request by the issuer, SEC staff, or any security holder.

After both transactions, Riese's direct beneficial ownership in voting common stock stood at 258,051 shares, according to the filing. His address is listed as c/o Flywire Corporation, 141 Tremont Street, Suite 10, Boston, Massachusetts 02111. The Form 4 was signed by Phillip John Riese and dated August 11, 2026.

What Was Disclosed

The filing discloses a stock option exercise of 48,000 shares at $0.59 and a subsequent open-market sale of 36,000 shares at a weighted average of $18.2231, leaving the director with direct beneficial ownership of 258,051 shares.