King David R. 4

What Happened

• David R. King, Chief Product Officer & Co‑President of Global Education at Flywire, reported exercising stock options on 2026-03-31. The filing shows an acquisition of 8,000 shares at an exercise price of $3.95 per share (total cost $31,600). The same filing also records a corresponding derivative disposition of 8,000 shares at $0.00.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (appears timely).
• Acquired: 8,000 shares via option exercise at $3.95 each — total $31,600 (transaction code M = option exercise/conversion).
• Disposed: 8,000 shares reported at $0.00 in a related derivative entry (filing does not report open‑market sale proceeds).
• Shares owned after the transaction: not disclosed in the Form 4 filing.
• Footnotes: (F1) Shares are held by the D R King Revocable Trust dated 10/05/07; King is a trustee and disclaims beneficial ownership except to the extent of any pecuniary interest. (F2) The option shares were fully vested.
• Filing timely? The report was filed two days after the transaction date, consistent with typical Form 4 timing.

Context

• Code M indicates an exercise or conversion of a derivative (stock option). The simultaneous acquisition and a $0.00 disposition entry often reflect a conversion/settlement step in the exercise process; the filing does not show an open‑market sale or proceeds.
• For retail investors: an option exercise is an acquisition of company stock by an insider (more informative than routine sales), but this report does not show additional purchases or sales in the open market.