David Scott Offer - Aug 23, 2024 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
EVP, General Counsel
Signature
/s/ David Scott Offer, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Aug 23, 2024
Transactions value $
-$649,482
Form type
4
Date filed
8/26/2024, 08:43 PM
Previous filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale -$320K -10K -5.62% $31.99 168K Aug 23, 2024 By Trust F1
transaction FLEX Ordinary Shares Sale -$330K -10K -5.95% $32.95 158K Aug 26, 2024 By Trust F2
holding FLEX Ordinary Shares 80.3K Aug 23, 2024 Direct F3, F4
* 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 Price reflects weighted average sales price; actual sales prices ranged from $31.75 to $32.20. 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.
F2 Price reflects weighted average sales price; actual sales prices ranged from $32.83 to $33.04. 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 Includes the following: (1) 23,043 unvested restricted share units ("RSUs"), which will vest on June 1, 2025; (2) 28,151 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2025; and (3) 29,149 unvested RSUs, which will vest in two equal annual installments beginning on June 14, 2025.
F4 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.