Ellis Michael G's Form 4/A amendment
AmendedFlywire Corp (FLYW) · filed Jun 26, 2023
- Accession no.
- 0000950170-23-029928
- Filed
- Jun 26, 2023
- Trade date
- Jun 12, 2023
- Filing delay
- 14 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 14, 2023
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $386.0K. It was filed 14 days after the trade.
This amendment replaces 0000950170-23-028055 (filed Jun 14, 2023).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Ellis Michael GCIK 0001862898 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2023 | Voting Common Stock | MOption exerciseAcquired | +8,591 | $3.28 | +$28,178.48 | 240,675 | Direct | |
| Jun 12, 2023 | Voting Common Stock | SSaleDisposed | −12,000 | $32.17F3 | −$386,040 | 228,675 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 12, 2023 | Voting Common Stock | MOption exerciseDisposed | −8,591 | $0.00 | $0 | 124,114 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This Form 4/A is being filed to correct (i) the number of shares acquired upon exercise of stock options by the reporting person which was misreported in the original Form 4 due to an administrative error and (ii) the shares beneficially owned following the transactions reported herein.
- F2
The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person, entered into prior to the effectiveness of the revised requirements of Rule 10b5-1(c).
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.82 to $32.495, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the ranges set forth in this footnote 3 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F4
The shares are held by the Michael Ellis 2021 Grantor Retained Annuity Trust No. 1, of which the Reporting Person is a trustee. The Reporting Person 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.
- F5
The shares are held by the Michael Ellis 2021 Grantor Retained Annuity Trust No. 2, of which the Reporting Person is a trustee. The Reporting Person 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.
- F6
The shares originally subject to this option are fully vested as of the date hereof.