Flywire Chief Payments Officer Mohit Kansal sold 54,543 shares of the company in an open-market transaction valued at $827,000, according to an SEC filing. The sale, executed at a weighted average price of $15.15 per share, represents 9.8% of his direct holdings and is the largest single sale by Kansal on record. Following the transaction, he retains 504,320 shares worth approximately $7.72 million, maintaining a 0.41% stake in the company. Flywire shares have appreciated 43% over the past year, and the company reported trailing twelve-month revenue of $677.69 million and net income of $30.18 million.
Flywire CorpInsider sale by Chief Payments Officer, a negative signal for valuation.