Company: FLYW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000950170-25-065606
Chunk: 5

Company: Flywire Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 2
Chunk 5
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Recent Sales of Unregistered Equity Securities

During the quarter ended March 31, 2025, we issued an aggregate of 41,998 shares of common stock (the Shares) as a stock-based compensation associated with the retention of a key employee of StudyLink. The key employee was not a “U.S. person”, as defined in Rule 902 of Regulation S under the Securities Act, and the issuance was exempt from the registration requirements of the Securities Act under Regulation S. The certificates evidencing the Shares are endorsed with a restrictive Securities Act legend.

Issuer Purchases of Equity Securities 

The following table summarizes the repurchases of voting common stock during the three months ended March 31, 2025 (in thousands, except shares and per share amounts):

     Period
      
     Total Number ofShares Purchased (1)

     Average Price Paidper Share (2)

     Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms

     Approximate DollarValue of Shares thatMay Yet BePurchased Underthe Plans orPrograms

     January 1, 2025 - January 31, 2025

     443,915

     $
     19.14

     443,915

     $
     96,389

     February 1, 2025 - February 28, 2025

     1,668,417

     $
     14.64

     1,668,417

     $
     71,956

     March 1, 2025 - March 31, 2025

     1,450,311

     $
     10.34

     1,450,311

     $
     56,956

     Total

     3,562,643

     3,562,643

(1) All shares were repurchased in open market transactions pursuant to a share repurchase program to repurchase up to $150 million of our outstanding voting and non-voting common stock for an indefinite period (the Repurchase Program). The Repurchase Program was authorized by our board of directors and publicly announced on August 6, 2024. Repurchases under the Repurchase Program may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, in accordance with applicable securities laws and other restrictions, including Rule