Butterfield Peter's Form 4/A amendment
AmendedFlywire Corp (FLYW) · filed Nov 3, 2023
- Accession no.
- 0000950170-23-058831
- Filed
- Nov 3, 2023
- Trade date
- Sep 5, 2023
- Filing delay
- 59 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Sep 7, 2023
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $424.3K. It was filed 59 days after the trade.
This amendment replaces 0000950170-23-047015 (filed Sep 7, 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 |
|---|---|
| Butterfield PeterCIK 0001862133 | Officer (General Counsel and CCO) |
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 |
|---|---|---|---|---|---|---|---|---|
| Sep 5, 2023 | Voting Common Stock | SSaleDisposed | −1,351 | $33.75 | −$45,596.25 | 148,170 | Direct | |
| Sep 5, 2023 | Voting Common Stock | MOption exerciseAcquired | +8,769 | $3.95 | +$34,637.55 | 156,939 | Direct | |
| Sep 5, 2023 | Voting Common Stock | SSaleDisposed | −11,232 | $33.72F5 | −$378,743.04 | 145,707 | 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 5, 2023 | Voting Common Stock | MOption exerciseDisposed | −8,769 | $0.00 | $0 | 85,464 | 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
The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales to cover tax withholding obligations upon the settlement of certain time-based restricted stock unit awards. These shares of common stock were automatically sold in a non-discretionary transaction by the Reporting Person.
- 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
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.
- F4
The Reporting Person is subject to a lock-up agreement with the underwriter for the public offering of Voting Common Stock by the Issuer for which the underwriting agreement was entered into on August 9, 2023. The transaction was pursuant to an exception to the lock-up agreement for sales pursuant to a trading plan that complies with Rule 10b5-1 that has been entered into by the Reporting Person prior the date of the lock-up agreement.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.48 to $34.00, 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 5 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F6
The shares subject to this option vest over 4 years of service following January 21, 2021, with 25% vesting upon completion of 1 year of continuous service to the Issuer and the balance vesting in 36 equal monthly installments thereafter.