Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 51

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 51
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 of foreign currency translation adjustment and the unrealized gains and losses, net of applicable taxes, on available-for-sale debt securities.The following table summarizes the changes in AOCI for the year ended December 31, 2024 (in thousands):

        Unrealized Gainson Available-for-sale DebtSecurities, net

        Foreign CurrencyTranslationAdjustment

        Estimated Tax(Expense)Benefit

        Total

        Beginning balance
         
        $
        —

        $
        1,320

        $
        —

        $
        1,320

        Other comprehensive income    (loss) before reclassifications

        208

        (3,594
        )

        —

        (3,386
        )

        Less: Amount of gain (loss) reclassified    from AOCI

        —

        —

        —

        —

        Net current period other comprehensive    income (loss)

        208

        (3,594
        )

        —

        (3,386
        )

        Ending balance
         
        $
        208

        $
        (2,274
        )
         
        $
        —

        $
        (2,066
        )
       
      Changes in AOCI for the year ended December 31, 2023 and 2022 consisted of foreign currency translation adjustment only. Refer to the Company's consolidated statements of stockholders’ equity for the changes in AOCI for the years ended December 31, 2023 and 2022.Reserved Shares of Common Stock for Future IssuanceAs of December 31, 2024, the Company had reserved shares of common stock for future issuance as follows:

        Issued and outstanding stock options

        6,199,369

        Issued and outstanding restricted stock units

        6,016,838

        Available for issuance under the 2021 Equity Incentive Plan

        17,135,599

        Available for issuance under Employee Stock Purchase Plan

        4,598,941

        Committed to settling employee retention

        41,998

        Available for conversion of non-voting common stock

        1,873,320

        35,866,065

Note 13. Stock-Based Compensation Equity Incentive PlanIn April 2021, the Company’s board of directors adopted, and in May 2021 its stockholders approved, the 2021 Equity Incentive Plan (the 2021 Plan).No