Riese Phillip John sold ~$16M in Flywire Corporation stock
Flywire Corporation (FLYW) · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
Riese Phillip John
Role
—
Transaction
Open-Market Sale
Approx. Value
~$16M
Trade Date
Mar 20, 2024
Company
Flywire Corporation
Ticker
FLYWSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$16M sale
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
5 insiders traded in the same window
When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.
How good is Riese Phillip John at picking stocks?
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Riese Phillip John wasn't the only one selling.
5 insiders at Flywire Corporation traded within the same 30-day window.
See who else bought · FreeOn March 20, 2024, Riese Phillip John — a corporate insider at Flywire Corporation — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$16M in Flywire Corporation (FLYW) stock.
This transaction was part of a cluster — 5 insiders at Flywire Corporation made open-market sales within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More FLYW Insider Activity
Riese Phillip John
Aug 7, 2026
~$656K
STRONG
Voss Capital, LP
Dec 30, 2025
~$3.2M
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Massaro Michael
Sep 3, 2024
~$695K
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Massaro Michael
Jun 3, 2024
~$564K
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How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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