Voss Capital, LP and affiliated reporting persons filed a Form 4 with the SEC on August 28, 2026, disclosing sales of Flywire Corp (NASDAQ:FLYW) voting common stock on August 26 and August 27, 2026.

Key Highlights

  • Shares sold via Managed Accounts: Voss Capital's managed accounts disposed of 25,539 shares on August 26, 2026, at a weighted average price of $18.9948, and 91,931 shares on August 27, 2026, at a weighted average price of $18.915.
  • Shares sold via Special Situations Fund: Voss Value-Oriented Special Situations Fund sold 555 shares on August 26, 2026, at a weighted average price of $18.9948, and 1,996 shares on August 27, 2026, at a weighted average price of $18.9149.
  • Remaining managed account holdings: Following the transactions, the managed accounts held 11,114,089 shares of voting common stock, according to the filing.
  • Special Situations Fund remaining position: Voss Value-Oriented Special Situations Fund held 366,617 shares after the reported transactions.
  • Voss Value Master Fund position unchanged: The filing reports 2,250,000 shares held by Voss Value Master Fund, with no transactions listed for that entity.
  • Call options held: Managed accounts also hold call options on 100,000 shares at a $10 exercise price expiring September 18, 2026, and call options on 50,000 shares at a $7.50 exercise price expiring December 18, 2026, both described as "immediately exercisable upon their acquisition."
  • Group ownership: The reporting persons collectively identify as a group that "beneficially owns over 10% of the Issuer's outstanding shares of Common Stock," according to the filing.

Voss Capital Group's Sale Transactions in Flywire Common Stock

According to the Form 4 filed on August 28, 2026, five reporting persons filed jointly: Voss Capital, LP; Voss Value Master Fund, LP; Voss Value-Oriented Special Situations Fund, LP; Voss Advisors GP, LLC; and Travis W. Cocke. The filing identifies each as a 10% owner and states that they collectively form a group under Section 13(d) of the Securities Exchange Act of 1934, as amended, that "beneficially owns over 10% of the Issuer's outstanding shares of Common Stock."

The disposals occurred across two vehicles. Through Voss Capital's managed accounts, 25,539 shares were sold on August 26, 2026, at a weighted average price of $18.9948, with individual transaction prices ranging from $18.9899 to $19.0273. On August 27, 2026, an additional 91,931 shares were sold from the same managed accounts at a weighted average price of $18.915, with prices ranging from $18.7806 to $19.0811. The Voss Value-Oriented Special Situations Fund separately sold 555 shares on August 26 at the same weighted average of $18.9948, and 1,996 shares on August 27 at $18.9149, with the same respective price ranges. All transactions carry code "S," indicating open-market sales.

In addition to common stock, the managed accounts hold two call option positions reported in Table II. One position covers 100,000 underlying shares at a $10 exercise price, with an expiration date of September 18, 2026. The other covers 50,000 underlying shares at a $7.50 exercise price, with an expiration date of December 18, 2026. The filing states that both sets of call options "were immediately exercisable upon their acquisition." The filing also notes that each reporting person "disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein."

What Was Disclosed

Voss Capital, LP and affiliated entities disclosed open-market sales totaling 120,021 shares of Flywire Corp voting common stock across August 26-27, 2026, along with existing call option positions, in a jointly filed Form 4 as 10% owners of the issuer.