Tan Kwang Hooi - Jun 14, 2023 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ Tan Kwang Hooi, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Jun 14, 2023
Transactions value $
-$991,063
Form type
4
Date filed
6/16/2023, 09:23 PM
Previous filing
Jun 9, 2023
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +37.5K +25.21% $0.00 186K Jun 14, 2023 Direct F1
transaction FLEX Ordinary Shares Sale -$798K -30K -16.09% $26.60 156K Jun 14, 2023 Direct F2
transaction FLEX Ordinary Shares Sale -$48.5K -1.82K -1.16% $26.65 155K Jun 15, 2023 Direct F3, F4
transaction FLEX Ordinary Shares Sale -$48K -1.8K -1.16% $26.69 153K Jun 15, 2023 Direct F3, F5
transaction FLEX Ordinary Shares Sale -$48.5K -1.81K -1.18% $26.80 151K Jun 16, 2023 Direct F3, F6
transaction FLEX Ordinary Shares Sale -$48K -1.79K -1.19% $26.81 149K Jun 16, 2023 Direct F3, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Consists of 37,537 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 14, 2024.
F2 Price reflects weighted average sales price; actual sales prices ranged from $26.30 to $26.81. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F3 This sale as reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
F4 Price reflects weighted average sales price; actual sales prices ranged from $26.59 to $26.805. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F5 Price reflects weighted average sales price; actual sales prices ranged from $26.39 to $26.805. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F6 Price reflects weighted average sales price; actual sales prices ranged from $26.72 to $26.995. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F7 Price reflects weighted average sales price; actual sales prices ranged from $26.67 to $26.955. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F8 Includes the following: (1) 9,461 unvested RSUs, which will vest on June 19, 2023; (2) 35,608 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (3) 6,842 unvested RSUs, which will vest on June 14, 2024; and (4) 37,537 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024.
F9 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.

Remarks:

The sale reported on 06/14/2023 in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.